Mitsubishi UFJ Asset Management Co. Ltd. Has $5.22 Million Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 25.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 132,778 shares of the company's stock after acquiring an additional 26,600 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Bentley Systems were worth $5,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in BSY. Bessemer Group Inc. lifted its position in Bentley Systems by 8,187,760.9% during the first quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company's stock worth $74,086,000 after buying an additional 1,883,185 shares during the period. Vanguard Group Inc. boosted its position in shares of Bentley Systems by 5.3% in the first quarter. Vanguard Group Inc. now owns 17,999,856 shares of the company's stock worth $708,114,000 after acquiring an additional 898,115 shares during the last quarter. Federated Hermes Inc. purchased a new stake in Bentley Systems in the first quarter valued at approximately $15,960,000. Sone Capital Management LLC purchased a new position in Bentley Systems during the fourth quarter worth approximately $17,884,000. Finally, SG Americas Securities LLC boosted its holdings in shares of 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 purchasing an additional 314,387 shares during the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Bentley Systems

In related news, Director Raymond B. Bentley sold 355,103 shares of the company's stock in a transaction on 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 directly owned 15,992,321 shares in the company, valued at $798,976,357.16. This represents a 2.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Keith A. Bentley sold 150,000 shares of the business's stock in a transaction on Monday, July 7th. The shares were 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 directly owned 3,859,327 shares in the company, valued at approximately $214,347,021.58. This represents a 3.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,189,869 shares of company stock worth $60,880,388 over the last 90 days. Insiders own 20.56% of the company's stock.

Bentley Systems Price Performance

Shares of NASDAQ:BSY traded up $1.42 during trading on Friday, reaching $53.14. The company had a trading volume of 1,782,432 shares, compared to its average volume of 1,640,665. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $59.25. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market capitalization of $15.52 billion, a PE ratio of 67.27, a price-to-earnings-growth ratio of 4.32 and a beta of 1.10. The firm's fifty day moving average is $54.43 and its 200 day moving average is $47.88.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The company had revenue of $364.11 million for the quarter, compared to the consensus estimate of $363.51 million. Bentley Systems had a net margin of 17.91% and a return on equity of 28.41%. The company's revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. On average, equities analysts forecast that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 0.5%. Bentley Systems's dividend payout ratio is presently 35.44%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BSY shares. KeyCorp boosted their target price on Bentley Systems from $56.00 to $59.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. The Goldman Sachs Group upped their target price on Bentley Systems from $42.00 to $47.00 and gave the stock a "sell" 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 report on Wednesday, July 16th. Oppenheimer boosted their price target on Bentley Systems from $59.00 to $65.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Finally, Robert W. Baird set a $64.00 price target on shares of Bentley Systems and gave the company an "outperform" rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $56.60.

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.