D. E. Shaw & Co. Inc. Grows Position in Bentley Systems, Incorporated (NASDAQ:BSY)

D. E. Shaw & Co. Inc. lifted its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 27.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 403,130 shares of the company's stock after purchasing an additional 85,720 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.14% of Bentley Systems worth $18,826,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Intech Investment Management LLC raised its stake in shares of Bentley Systems by 3.6% during the 4th quarter. Intech Investment Management LLC now owns 7,283 shares of the company's stock valued at $340,000 after purchasing an additional 254 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Bentley Systems by 3.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 10,035 shares of the company's stock valued at $469,000 after purchasing an additional 317 shares during the period. Prudential PLC raised its stake in shares of Bentley Systems by 0.6% during the 4th quarter. Prudential PLC now owns 63,008 shares of the company's stock valued at $2,942,000 after purchasing an additional 371 shares during the period. Private Trust Co. NA raised its stake in shares of Bentley Systems by 61.1% during the 4th quarter. Private Trust Co. NA now owns 997 shares of the company's stock valued at $47,000 after purchasing an additional 378 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Bentley Systems by 4.3% during the 4th quarter. Venturi Wealth Management LLC now owns 9,123 shares of the company's stock valued at $426,000 after purchasing an additional 380 shares during the period. 44.16% of the stock is currently owned by institutional investors.

Bentley Systems Price Performance

Shares of Bentley Systems stock traded down $0.26 during trading on Friday, hitting $47.97. 1,010,692 shares of the stock traded hands, compared to its average volume of 1,215,072. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. The stock has a market cap of $14.00 billion, a price-to-earnings ratio of 43.22, a PEG ratio of 3.52 and a beta of 1.05. The firm's fifty day moving average is $42.76 and its 200-day moving average is $45.50. Bentley Systems, Incorporated has a 52 week low of $36.51 and a 52 week high of $57.19.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $370.54 million for the quarter, compared to analyst estimates of $366.76 million. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The company's revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 EPS. Research analysts expect that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.58%. Bentley Systems's dividend payout ratio is 35.44%.

Insider Activity

In related news, CRO Brock Ballard sold 12,363 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total transaction of $557,324.04. Following the completion of the sale, the executive now directly owns 68,064 shares in the company, valued at $3,068,325.12. This represents a 15.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 20.56% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BSY. Robert W. Baird decreased their price objective on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Oppenheimer boosted their price objective on Bentley Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. UBS Group upped their target price on Bentley Systems from $48.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. decreased their target price on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada upped their target price on Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Bentley Systems has an average rating of "Moderate Buy" and an average price target of $52.00.

Bentley Systems Company Profile

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.