Public Employees Retirement System of Ohio Buys Shares of 46,816 Bentley Systems, Incorporated $BSY

Public Employees Retirement System of Ohio purchased a new position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 46,816 shares of the company's stock, valued at approximately $1,399,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Bentley Systems by 253.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,781,449 shares of the company's stock worth $167,924,000 after acquiring an additional 3,429,087 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in Bentley Systems by 150.9% in the first quarter. Pictet Asset Management Holding SA now owns 4,661,346 shares of the company's stock valued at $163,703,000 after acquiring an additional 2,803,241 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Bentley Systems during the second quarter valued at about $78,738,000. Norges Bank purchased a new stake in Bentley Systems during the fourth quarter valued at about $68,766,000. Finally, Madison Asset Management LLC bought a new stake in Bentley Systems during the second quarter worth about $40,807,000. Institutional investors own 44.16% of the company's stock.

Bentley Systems Stock Performance

NASDAQ BSY opened at $33.71 on Tuesday. The company has a 50-day simple moving average of $34.24 and a two-hundred day simple moving average of $34.02. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.01. Bentley Systems, Incorporated has a 12-month low of $28.08 and a 12-month high of $57.25. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 2.13 and a beta of 0.98.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%.The firm had revenue of $410.73 million for the quarter, compared to the consensus estimate of $412.12 million. During the same quarter in the previous year, the business earned $0.32 earnings per share. The company's quarterly revenue was up 12.8% on a year-over-year basis. On average, equities analysts forecast that Bentley Systems, Incorporated will post 1.19 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. BNP Paribas Exane began coverage on Bentley Systems in a report on Thursday, June 18th. They issued an "outperform" rating and a $40.00 price objective for the company. Barclays decreased their price objective on Bentley Systems from $49.00 to $40.00 and set an "equal weight" rating on the stock in a report on Friday, May 29th. Zacks Research downgraded Bentley Systems from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 21st. Bank of America initiated coverage on Bentley Systems in a research note on Tuesday, May 12th. They issued a "buy" rating and a $40.00 target price for the company. Finally, Piper Sandler reiterated an "overweight" rating and set a $45.00 price target on shares of Bentley Systems in a research report on Friday, August 7th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Bentley Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.00.

Bentley Systems Company Profile

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.

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