Mirova Has $7.87 Million Stock Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Mirova lifted its holdings in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 15.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 168,456 shares of the company's stock after buying an additional 22,872 shares during the quarter. Bentley Systems comprises 1.4% of Mirova's portfolio, making the stock its 15th biggest holding. Mirova owned about 0.06% of Bentley Systems worth $7,867,000 as of its most recent SEC filing.

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

Bentley Systems Stock Down 0.5 %

Shares of Bentley Systems stock traded down $0.24 during trading hours on Friday, reaching $43.66. 285,115 shares of the company's stock were exchanged, compared to its average volume of 1,200,163. 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 company has a 50 day moving average of $42.41 and a two-hundred day moving average of $46.01. The stock has a market cap of $12.71 billion, a P/E ratio of 39.33, a P/E/G ratio of 3.52 and a beta of 1.06. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $57.19.

Bentley Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were given a dividend of $0.07 per share. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.28 annualized dividend and a dividend yield of 0.64%. Bentley Systems's payout ratio is 38.36%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. KeyCorp decreased their target price on Bentley Systems from $63.00 to $54.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Rosenblatt Securities reiterated a "buy" rating and issued a $62.00 price objective on shares of Bentley Systems in a research report on Tuesday, February 25th. UBS Group began coverage on shares of Bentley Systems in a report on Monday, March 31st. They set a "neutral" rating and a $48.00 target price on the stock. Mizuho reduced their price target on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $52.70.

About Bentley Systems

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.