Bentley Systems, Incorporated (NASDAQ:BSY) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 21.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,311 shares of the company's stock after selling 5,136 shares during the quarter. Natixis Advisors LLC's holdings in Bentley Systems were worth $760,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BSY. Bessemer Group Inc. increased its holdings in Bentley Systems by 8,187,760.9% in the first quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company's stock valued at $74,086,000 after buying an additional 1,883,185 shares during the last quarter. Federated Hermes Inc. bought a new position in shares of Bentley Systems during the first quarter valued at approximately $15,960,000. Sone Capital Management LLC bought a new position in shares of Bentley Systems during the fourth quarter valued at approximately $17,884,000. SG Americas Securities LLC grew its holdings in shares of Bentley Systems by 449.7% during the first 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. Finally, BLI Banque de Luxembourg Investments bought a new position in shares of Bentley Systems during the fourth quarter valued at approximately $14,929,000. 44.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BSY has been the subject of several recent research reports. Rosenblatt Securities lowered Bentley Systems from a "buy" rating to a "neutral" rating and upped their target price for the company from $53.00 to $58.00 in a report on Thursday, August 7th. Robert W. Baird set a $64.00 target price on Bentley Systems and gave the company an "outperform" rating in a report on Wednesday, July 30th. UBS Group upped their target price on Bentley Systems from $53.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. KeyCorp upped their target price on Bentley Systems from $56.00 to $59.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Bentley Systems currently has an average rating of "Hold" and an average price target of $56.60.

Bentley Systems Stock Performance

Shares of NASDAQ BSY traded up $0.26 during midday trading on Friday, hitting $51.98. 133,930 shares of the company's stock were exchanged, compared to its average volume of 1,537,315. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.51 and a quick ratio of 0.51. The stock's 50 day moving average price is $54.37 and its 200-day moving average price is $47.82. The firm has a market cap of $15.18 billion, a P/E ratio of 65.84, a PEG ratio of 4.23 and a beta of 1.10. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $59.25.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The firm had revenue of $364.11 million during the quarter, compared to the consensus estimate of $363.51 million. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. Equities research analysts anticipate that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Dividend Announcement

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

Insiders Place Their Bets

In other Bentley Systems news, Director Keith A. Bentley sold 150,000 shares of the company'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 directly owned 3,859,327 shares in the company, valued at $214,347,021.58. This represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David R. Shaman sold 19,348 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was 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 $36,887,808.64. This trade represents a 2.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,189,869 shares of company stock worth $60,880,388 over the last ninety days. Company insiders own 20.56% of the company's stock.

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.