Sherbrooke Park Advisers LLC Purchases Shares of 11,661 Bentley Systems, Incorporated (NASDAQ:BSY)

Sherbrooke Park Advisers LLC acquired a new stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,661 shares of the company's stock, valued at approximately $545,000.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA increased its position in 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 buying an additional 378 shares during the period. Tobam acquired a new position in Bentley Systems during the fourth quarter worth approximately $55,000. Atala Financial Inc acquired a new position in Bentley Systems during the fourth quarter worth approximately $55,000. Tortoise Investment Management LLC increased its position in 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 buying an additional 728 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position 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 buying an additional 495 shares during the period. 44.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BSY shares. UBS Group raised their price target on Bentley Systems from $48.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Robert W. Baird lowered their price target on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. KeyCorp raised 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. Rosenblatt Securities lowered their price target on Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Finally, Wall Street Zen raised Bentley Systems from a "hold" rating to a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Bentley Systems presently has an average rating of "Moderate Buy" and a consensus target price of $52.00.

Bentley Systems Price Performance

NASDAQ:BSY traded up $0.26 during trading hours on Thursday, hitting $47.57. The company's stock had a trading volume of 304,448 shares, compared to its average volume of 1,214,243. The business's 50-day moving average is $43.19 and its two-hundred day moving average is $45.53. The company has a market capitalization of $13.88 billion, a PE ratio of 42.85, a PEG ratio of 3.52 and a beta of 1.05. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. Bentley Systems, Incorporated has a 52-week low of $36.51 and a 52-week high of $53.71.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its quarterly earnings data 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 firm 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%. Bentley Systems's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 earnings per share. As a group, research analysts anticipate that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CRO Brock Ballard sold 12,363 shares of the company'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 value of $557,324.04. Following the sale, the executive now owns 68,064 shares in the company, valued at $3,068,325.12. This represents a 15.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 20.56% of the company's stock.

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.