Bentley Systems, Incorporated (NASDAQ:BSY) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP grew its holdings in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 42.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,700 shares of the company's stock after acquiring an additional 12,689 shares during the quarter. Two Sigma Investments LP's holdings in Bentley Systems were worth $1,994,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Private Trust Co. NA lifted its holdings in shares of Bentley Systems by 61.1% during the fourth quarter. Private Trust Co. NA now owns 997 shares of the company's stock worth $47,000 after purchasing an additional 378 shares during the period. Tobam acquired a new stake in shares of Bentley Systems during the fourth quarter worth about $55,000. Atala Financial Inc acquired a new stake in shares of Bentley Systems during the fourth quarter worth about $55,000. Tortoise Investment Management LLC lifted its holdings in shares of 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 purchasing an additional 728 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Bentley Systems by 42.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company's stock worth $78,000 after purchasing an additional 495 shares during the period. Institutional investors and hedge funds own 44.16% of the company's stock.

Bentley Systems Price Performance

Shares of Bentley Systems stock traded up $0.63 on Thursday, reaching $49.15. The company's stock had a trading volume of 2,648,352 shares, compared to its average volume of 1,218,366. The company has a market capitalization of $14.34 billion, a P/E ratio of 44.28, a PEG ratio of 3.52 and a beta of 1.07. Bentley Systems, Incorporated has a 52-week low of $36.51 and a 52-week high of $52.42. The stock has a 50-day moving average price of $44.61 and a 200-day moving average price of $45.47. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37.

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

Bentley Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Tuesday, June 3rd will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Tuesday, June 3rd. Bentley Systems's payout ratio is 35.44%.

Insider Buying and Selling

In related news, CRO Brock Ballard sold 12,363 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total transaction of $557,324.04. Following the completion of the sale, the executive now directly owns 68,064 shares in the company, valued at approximately $3,068,325.12. The trade was a 15.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.56% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BSY shares. Royal Bank of Canada lifted their target price on Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. decreased their price target on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Robert W. Baird decreased their price target on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Wall Street Zen raised Bentley Systems from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Mizuho decreased their price target on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $52.00.

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.