EntryPoint Capital LLC Buys Shares of 5,346 Bentley Systems, Incorporated $BSY

Key Points

• EntryPoint Capital LLC purchased 5,346 shares of Bentley Systems, valued at approximately $210,000, during the first quarter of the year.
• Bentley Systems reported $0.32 earnings per share for the last quarter, exceeding analyst expectations of $0.29 and marking a 10.2% increase in revenue year-over-year.
• Analysts have set an average price target of $56.60 for Bentley Systems, with ratings ranging from "Buy" to "Hold" across various firms.

EntryPoint Capital LLC bought a new stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 5,346 shares of the company's stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Axxcess Wealth Management LLC grew its position in shares of Bentley Systems by 3.7% during the first quarter. Axxcess Wealth Management LLC now owns 8,471 shares of the company's stock worth $333,000 after buying an additional 301 shares in the last quarter. Prentiss Smith & Co. Inc. grew its position in shares of Bentley Systems by 0.5% during the first quarter. Prentiss Smith & Co. Inc. now owns 64,171 shares of the company's stock worth $2,524,000 after buying an additional 315 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Bentley Systems by 3.5% during the first quarter. Venturi Wealth Management LLC now owns 9,438 shares of the company's stock worth $371,000 after buying an additional 315 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Bentley Systems by 7.2% during the fourth quarter. Quantinno Capital Management LP now owns 5,261 shares of the company's stock worth $246,000 after buying an additional 354 shares in the last quarter. Finally, Wealth Alliance LLC grew its position in shares of Bentley Systems by 5.0% during the first quarter. Wealth Alliance LLC now owns 7,951 shares of the company's stock worth $313,000 after buying an additional 380 shares in the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Price Performance

BSY stock opened at $54.65 on Friday. The business has a 50 day moving average price of $54.96 and a 200 day moving average price of $48.13. The stock has a market cap of $15.96 billion, a price-to-earnings ratio of 69.18, a PEG ratio of 4.41 and a beta of 1.10. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $59.25. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.07.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%.The company had revenue of $364.11 million during the quarter, compared to analysts' expectations of $363.51 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. The firm's revenue for the quarter was up 10.2% on a year-over-year basis. Equities research analysts anticipate that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 150,000 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $55.54, for a total value of $8,331,000.00. Following the completion of the sale, the director owned 3,859,327 shares in the company, valued at approximately $214,347,021.58. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David R. Shaman sold 19,348 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $56.96, for a total value of $1,102,062.08. Following the completion of the sale, the insider owned 647,609 shares of the company's stock, valued at approximately $36,887,808.64. This represents a 2.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,189,869 shares of company stock worth $60,880,388. 20.56% of the stock is owned by insiders.

Analysts Set New Price Targets

BSY has been the subject of a number of analyst reports. Oppenheimer boosted their price objective on Bentley Systems from $59.00 to $65.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Wall Street Zen downgraded Bentley Systems from a "buy" rating to a "hold" rating in a research report on Wednesday, July 16th. UBS Group boosted their target price on Bentley Systems from $53.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Royal Bank Of Canada boosted 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. Finally, KeyCorp boosted their target price on Bentley Systems from $56.00 to $59.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $56.60.

About Bentley Systems

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.

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