Cooper Investors PTY Ltd. Acquires Shares of 121,129 Bentley Systems, Incorporated (NASDAQ:BSY)

Cooper Investors PTY Ltd. purchased a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 121,129 shares of the company's stock, valued at approximately $4,765,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Impax Asset Management Group plc grew its stake in Bentley Systems by 41.9% during the fourth quarter. Impax Asset Management Group plc now owns 2,493,059 shares of the company's stock worth $115,719,000 after purchasing an additional 736,369 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Bentley Systems by 591.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 555,702 shares of the company's stock valued at $26,446,000 after purchasing an additional 475,361 shares during the period. Sone Capital Management LLC bought a new position in shares of Bentley Systems during the 4th quarter worth about $17,884,000. SG Americas Securities LLC increased its position in Bentley Systems by 449.7% in the 1st quarter. SG Americas Securities LLC now owns 384,291 shares of the company's stock valued at $15,118,000 after buying an additional 314,387 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments purchased a new stake in Bentley Systems during the fourth quarter worth about $14,929,000. Institutional investors and hedge funds own 44.16% of the company's stock.

Insider Buying and Selling at Bentley Systems

In related news, CRO Brock Ballard sold 12,363 shares of Bentley Systems stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total transaction of $557,324.04. Following the sale, the executive now directly owns 68,064 shares in the company, valued at $3,068,325.12. The trade was a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Raymond B. Bentley sold 122,114 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $50.70, for a total value of $6,191,179.80. Following the completion of the transaction, the director now owns 15,347,424 shares of the company's stock, valued at approximately $778,114,396.80. This trade represents a 0.79% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,012,363 shares of company stock valued at $50,872,826. 20.56% of the stock is currently owned by company insiders.

Bentley Systems Price Performance

BSY traded down $0.13 during trading on Wednesday, reaching $52.42. The stock had a trading volume of 1,618,311 shares, compared to its average volume of 1,230,207. The stock has a market cap of $15.30 billion, a PE ratio of 66.36, a PEG ratio of 4.35 and a beta of 1.07. Bentley Systems, Incorporated has a one year low of $36.51 and a one year high of $53.47. The business has a 50-day moving average of $46.99 and a 200-day moving average of $45.53. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.49 and a current ratio of 0.49.

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

Bentley Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Tuesday, June 3rd were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.53%. The ex-dividend date was Tuesday, June 3rd. Bentley Systems's dividend payout ratio (DPR) is currently 35.44%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. The Goldman Sachs Group cut Bentley Systems from a "neutral" rating to a "sell" rating and dropped their price target for the company from $51.00 to $42.00 in a research report on Friday, February 28th. UBS Group boosted their price target 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. Rosenblatt Securities dropped their price target on shares of Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Oppenheimer raised their price objective on shares of Bentley Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Robert W. Baird lowered their target price on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. 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 company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

Bentley Systems 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.