Janus Henderson Group PLC Has $9.80 Million Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Janus Henderson Group PLC lifted its stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 16.8% in the fourth quarter, according to the company in 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 quarter. Janus Henderson Group PLC owned about 0.07% of Bentley Systems worth $9,803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its stake 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 acquiring an additional 378 shares during the last quarter. Tobam purchased a new position in shares of Bentley Systems in the 4th quarter valued at about $55,000. Atala Financial Inc acquired a new position in shares of Bentley Systems during the 4th quarter worth about $55,000. Tortoise Investment Management LLC raised its position in shares of Bentley Systems by 76.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company's stock valued at $78,000 after buying an additional 728 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in 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 acquiring an additional 495 shares during the last quarter. 44.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Rosenblatt Securities lowered their target price on Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a research note on Monday, May 5th. KeyCorp increased their price target on Bentley Systems from $54.00 to $56.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Mizuho cut their price objective on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their target price on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Finally, Oppenheimer boosted their price target on Bentley Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Bentley Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

Insider Transactions at Bentley Systems

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

Bentley Systems Stock Performance

Shares of BSY traded down $0.04 during mid-day trading on Tuesday, hitting $48.06. The company's stock had a trading volume of 1,410,310 shares, compared to its average volume of 1,217,356. The stock's 50-day moving average is $42.91 and its two-hundred day moving average is $45.50. Bentley Systems, Incorporated has a one year low of $36.51 and a one year high of $57.19. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market capitalization of $14.03 billion, a PE ratio of 43.30, a price-to-earnings-growth ratio of 3.52 and a beta of 1.05.

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

Bentley Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.58%. This is an increase from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's dividend payout ratio is 35.44%.

Bentley Systems 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.