Robeco Institutional Asset Management B.V. Boosts Stock Position in Bentley Systems, Incorporated $BSY

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 56.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,638 shares of the company's stock after purchasing an additional 6,361 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Bentley Systems were worth $952,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas purchased a new stake in Bentley Systems during the 1st quarter worth approximately $920,000. Bright Rock Capital Management LLC purchased a new stake in Bentley Systems during the 1st quarter worth approximately $1,967,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Bentley Systems by 99.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,419 shares of the company's stock worth $56,000 after purchasing an additional 706 shares during the last quarter. Bessemer Group Inc. increased its holdings in Bentley Systems by 8,187,760.9% during the 1st quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company's stock worth $74,086,000 after purchasing an additional 1,883,185 shares during the last quarter. Finally, Cooper Investors PTY Ltd. bought a new stake in shares of Bentley Systems in the 1st quarter valued at approximately $4,765,000. 44.16% of the stock is currently owned by hedge funds and other institutional investors.

Bentley Systems Trading Down 7.5%

NASDAQ:BSY opened at $52.55 on Wednesday. Bentley Systems, Incorporated has a 12-month low of $36.51 and a 12-month high of $59.25. The firm has a market capitalization of $15.35 billion, a P/E ratio of 66.52, a P/E/G ratio of 4.58 and a beta of 1.07. 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 business has a 50 day simple moving average of $53.89 and a 200 day simple moving average of $50.21.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.32 earnings per share (EPS) 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 business had revenue of $364.11 million during the quarter, compared to analyst estimates of $363.51 million. During the same quarter in the previous year, the firm posted $0.31 EPS. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. Equities research analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, September 23rd. Bentley Systems's payout ratio is 35.44%.

Insider Transactions at Bentley Systems

In other Bentley Systems news, insider David R. Shaman sold 19,348 shares of the business's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $56.96, for a total transaction of $1,102,062.08. Following the completion of the transaction, the insider owned 647,609 shares in the company, valued at approximately $36,887,808.64. The trade was a 2.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 20,713 shares of company stock worth $1,180,690. Insiders own 20.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Robert W. Baird set a $64.00 price target on Bentley Systems and gave the company an "outperform" rating in a report on Wednesday, July 30th. Rosenblatt Securities downgraded Bentley Systems from a "buy" rating to a "neutral" rating and boosted their price target for the company from $53.00 to $58.00 in a report on Thursday, August 7th. Piper Sandler boosted their price target on Bentley Systems from $57.00 to $63.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. KeyCorp boosted their price target on Bentley Systems from $56.00 to $59.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, Barclays set a $57.00 price target on Bentley Systems in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $56.64.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.