Natixis Purchases New Stake in Bentley Systems, Incorporated (NASDAQ:BSY)

Natixis acquired a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 171,974 shares of the company's stock, valued at approximately $8,031,000. Natixis owned approximately 0.06% of Bentley Systems as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Swedbank AB boosted its holdings in shares of Bentley Systems by 36.5% during the fourth quarter. Swedbank AB now owns 7,007,324 shares of the company's stock valued at $327,242,000 after acquiring an additional 1,873,029 shares during the period. Pictet Asset Management Holding SA increased its position in Bentley Systems by 0.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,614,750 shares of the company's stock valued at $262,209,000 after acquiring an additional 24,019 shares during the period. Impax Asset Management Group plc raised its stake in Bentley Systems by 41.9% during the 4th quarter. Impax Asset Management Group plc now owns 2,493,059 shares of the company's stock valued at $115,719,000 after acquiring an additional 736,369 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Bentley Systems by 10.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company's stock worth $49,211,000 after acquiring an additional 97,950 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Bentley Systems by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company's stock worth $49,161,000 after purchasing an additional 15,372 shares in the last quarter. Institutional investors own 44.16% of the company's stock.

Bentley Systems Trading Down 1.0 %

NASDAQ BSY traded down $0.46 on Friday, hitting $43.44. 826,423 shares of the company were exchanged, compared to its average volume of 1,203,043. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $57.19. The firm has a market capitalization of $12.65 billion, a P/E ratio of 39.14, a price-to-earnings-growth ratio of 3.52 and a beta of 1.06. The company's 50 day moving average price is $42.33 and its 200-day moving average price is $45.98.

Bentley Systems Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BSY shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $62.00 price objective on shares of Bentley Systems in a report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price target on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Oppenheimer upgraded shares of Bentley Systems from a "market perform" rating to an "outperform" rating and set a $49.00 price objective on the stock in a research note on Thursday, April 10th. 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. Finally, Robert W. Baird lowered their target price on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. One 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $52.70.

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.