Banque Pictet & Cie SA Invests $332,000 in Bentley Systems, Incorporated (NASDAQ:BSY)

Banque Pictet & Cie SA bought a new position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,447 shares of the company's stock, valued at approximately $332,000.

Several other large investors have also made changes to their positions in the company. City Holding Co. bought a new stake in Bentley Systems during the 1st quarter worth about $26,000. Fifth Third Bancorp grew its holdings in Bentley Systems by 106.6% during the 1st quarter. Fifth Third Bancorp now owns 843 shares of the company's stock worth $33,000 after acquiring an additional 435 shares during the last quarter. HM Payson & Co. bought a new stake in Bentley Systems during the 1st quarter worth about $45,000. Atala Financial Inc bought a new stake in Bentley Systems during the 4th quarter worth about $55,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Bentley Systems by 99.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,419 shares of the company's stock worth $56,000 after acquiring an additional 706 shares during the last quarter. Institutional investors own 44.16% of the company's stock.

Analyst Ratings Changes

BSY has been the topic of a number of research analyst reports. Mizuho decreased their price objective on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Oppenheimer upped their target price on shares of Bentley Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Royal Bank Of Canada upped their target price on shares of Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of Bentley Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, July 8th. Finally, UBS Group upped their target price on shares of Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $52.30.

Bentley Systems Trading Up 1.1%

Shares of NASDAQ:BSY traded up $0.63 during mid-day trading on Monday, reaching $56.98. The stock had a trading volume of 2,320,513 shares, compared to its average volume of 1,262,673. The firm has a market cap of $16.63 billion, a PE ratio of 72.13, a price-to-earnings-growth ratio of 4.58 and a beta of 1.09. The firm has a 50 day simple moving average of $50.02 and a two-hundred day simple moving average of $46.16. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.13. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $57.42.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.05. The business had revenue of $370.54 million for the quarter, compared to the consensus estimate of $366.76 million. Bentley Systems had a net margin of 18.46% and a return on equity of 29.18%. Bentley Systems's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the company posted $0.31 EPS. On average, research analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Tuesday, June 3rd were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $0.28 annualized dividend and a dividend yield of 0.49%. Bentley Systems's dividend payout ratio is currently 35.44%.

Insider Buying and Selling at Bentley Systems

In related news, CRO Brock Ballard sold 12,363 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $45.08, for a total value of $557,324.04. Following the completion of the transaction, the executive directly owned 68,064 shares of the company's stock, valued at approximately $3,068,325.12. This trade represents a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond B. Bentley sold 355,103 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $49.96, for a total transaction of $17,740,945.88. Following the completion of the transaction, the director owned 15,992,321 shares in the company, valued at $798,976,357.16. This trade represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,181,519 shares of company stock valued at $60,257,023 over the last quarter. Insiders own 20.56% of the company's stock.

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.