Bentley Systems, Incorporated (NASDAQ:BSY) Shares Acquired by Lbp Am Sa

LBP AM SA raised its position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 13.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 329,556 shares of the company's stock after acquiring an additional 38,536 shares during the period. LBP AM SA owned approximately 0.11% of Bentley Systems worth $12,965,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BSY. Charles Schwab Investment Management Inc. increased its stake in Bentley Systems by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company's stock valued at $49,161,000 after purchasing an additional 15,372 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Bentley Systems during the fourth quarter worth about $809,000. Arizona State Retirement System lifted its stake in Bentley Systems by 2.1% in the 4th quarter. Arizona State Retirement System now owns 46,398 shares of the company's stock valued at $2,167,000 after buying an additional 943 shares in the last quarter. Johnson Investment Counsel Inc. boosted its stake in shares of Bentley Systems by 16.4% during the fourth quarter. Johnson Investment Counsel Inc. now owns 81,863 shares of the company's stock valued at $3,823,000 after acquiring an additional 11,560 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in shares of Bentley Systems by 76.9% during the fourth quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company's stock worth $78,000 after buying an additional 728 shares in the last quarter. Hedge funds and other institutional investors own 44.16% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Rosenblatt Securities decreased their price objective on Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Oppenheimer upped their price objective on shares of Bentley Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. decreased their target price on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Mizuho dropped their price target on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Royal Bank Of Canada lifted their price target on shares of Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.30.

Bentley Systems Stock Up 0.8%

Shares of NASDAQ BSY traded up $0.45 on Thursday, hitting $56.47. The company had a trading volume of 529,345 shares, compared to its average volume of 1,247,160. The firm has a market capitalization of $16.48 billion, a P/E ratio of 71.49, a PEG ratio of 4.54 and a beta of 1.09. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.13. Bentley Systems, Incorporated has a 12-month low of $36.51 and a 12-month high of $56.48. The business has a 50 day moving average of $49.49 and a two-hundred day moving average of $46.06.

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

Bentley Systems Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Tuesday, June 3rd. Bentley Systems's dividend payout ratio is currently 35.44%.

Insiders Place Their Bets

In other Bentley Systems 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 directly owned 68,064 shares in the company, valued at $3,068,325.12. The trade was a 15.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raymond B. Bentley sold 355,103 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $49.96, for a total transaction of $17,740,945.88. Following the sale, the director directly owned 15,992,321 shares of the company's stock, valued at $798,976,357.16. The trade was a 2.17% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,181,519 shares of company stock worth $60,257,023. Company 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.