Siemens Fonds Invest GmbH Makes New $391,000 Investment in Bentley Systems, Incorporated (NASDAQ:BSY)

Siemens Fonds Invest GmbH acquired a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,368 shares of the company's stock, valued at approximately $391,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Trust Co. NA increased its holdings in shares of Bentley Systems by 61.1% in the 4th quarter. Private Trust Co. NA now owns 997 shares of the company's stock valued at $47,000 after acquiring an additional 378 shares during the period. Tobam purchased a new stake in shares of Bentley Systems during the 4th quarter worth $55,000. Atala Financial Inc purchased a new stake in Bentley Systems during the fourth quarter worth about $55,000. Tortoise Investment Management LLC grew its position in 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 during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Bentley Systems by 42.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company's stock worth $78,000 after acquiring an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 44.16% of the company's stock.

Insider Activity at Bentley Systems

In other Bentley Systems news, CRO Brock Ballard sold 12,363 shares of Bentley Systems stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total value of $557,324.04. Following the completion of the transaction, the executive now owns 68,064 shares in the company, valued at approximately $3,068,325.12. The trade was a 15.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 20.56% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on BSY shares. Rosenblatt Securities dropped their target price on shares of Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a report on Monday, May 5th. UBS Group increased their price objective on shares of Bentley Systems from $48.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Mizuho decreased their price target on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen upgraded Bentley Systems from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Oppenheimer increased their price objective on shares of Bentley Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $52.00.

Bentley Systems Stock Performance

NASDAQ BSY traded down $0.27 during midday trading on Friday, hitting $47.38. The company had a trading volume of 244,555 shares, compared to its average volume of 1,204,718. The firm has a fifty day simple moving average of $43.29 and a two-hundred day simple moving average of $45.52. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $53.47. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. The stock has a market cap of $13.83 billion, a price-to-earnings ratio of 42.63, a P/E/G ratio of 3.52 and a beta of 1.05.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.05. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The company had revenue of $370.54 million during the quarter, compared to the consensus estimate of $366.76 million. During the same period last year, the firm earned $0.31 EPS. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. Equities analysts forecast that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

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.