Janus Henderson Group PLC Purchases 30,123 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Janus Henderson Group PLC increased its position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 16.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 209,917 shares of the company's stock after purchasing an additional 30,123 shares during the period. Janus Henderson Group PLC owned about 0.07% of Bentley Systems worth $9,803,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BSY. Intech Investment Management LLC lifted its holdings in shares of Bentley Systems by 3.6% in the fourth quarter. Intech Investment Management LLC now owns 7,283 shares of the company's stock valued at $340,000 after purchasing an additional 254 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Bentley Systems by 3.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,035 shares of the company's stock valued at $469,000 after buying an additional 317 shares during the period. Prudential PLC lifted its stake in Bentley Systems by 0.6% in the 4th quarter. Prudential PLC now owns 63,008 shares of the company's stock worth $2,942,000 after acquiring an additional 371 shares in the last quarter. Private Trust Co. NA boosted its position in Bentley Systems by 61.1% during the 4th quarter. Private Trust Co. NA now owns 997 shares of the company's stock worth $47,000 after acquiring an additional 378 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in Bentley Systems by 4.3% during the 4th quarter. Venturi Wealth Management LLC now owns 9,123 shares of the company's stock worth $426,000 after acquiring an additional 380 shares during the period. 44.16% of the stock is currently owned by hedge funds and other institutional investors.

Bentley Systems Stock Up 0.3%

Bentley Systems stock traded up $0.16 during mid-day trading on Thursday, hitting $47.47. 141,656 shares of the company's stock were exchanged, compared to its average volume of 1,213,502. Bentley Systems, Incorporated has a 1-year low of $36.51 and a 1-year high of $53.71. The stock has a 50 day moving average of $43.19 and a two-hundred day moving average of $45.53. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. The stock has a market cap of $13.85 billion, a P/E ratio of 42.76, 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 results on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. The company had revenue of $370.54 million during the quarter, compared to the consensus estimate of $366.76 million. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The firm's revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 EPS. As a group, analysts anticipate that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Oppenheimer upped their target price on Bentley Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Wall Street Zen upgraded shares of Bentley Systems from a "hold" rating to a "buy" rating in a research note on Thursday. KeyCorp lifted their target price on shares of Bentley Systems from $54.00 to $56.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Mizuho lowered 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. Finally, Rosenblatt Securities cut their price objective on Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a report on Monday, May 5th. 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 a consensus target price of $52.00.

Insider Buying and Selling

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

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.