Walleye Trading LLC Invests $1.12 Million in Bentley Systems, Incorporated (NASDAQ:BSY)

Walleye Trading LLC acquired a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 23,951 shares of the company's stock, valued at approximately $1,119,000.

Other institutional investors have also added to or reduced their stakes in the company. Intech Investment Management LLC grew 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 boosted its stake in 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 buying an additional 317 shares during the period. Prudential PLC boosted its stake in Bentley Systems by 0.6% during the fourth quarter. Prudential PLC now owns 63,008 shares of the company's stock worth $2,942,000 after buying an additional 371 shares during the period. Private Trust Co. NA boosted its stake 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. Finally, Venturi Wealth Management LLC boosted its stake in Bentley Systems by 4.3% during the fourth quarter. Venturi Wealth Management LLC now owns 9,123 shares of the company's stock worth $426,000 after buying an additional 380 shares during the period. 44.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bentley Systems

In other news, Director Keith A. Bentley sold 1,152 shares of Bentley Systems stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $46.33, for a total value of $53,372.16. Following the sale, the director now owns 16,703,876 shares in the company, valued at $773,890,575.08. This trade represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 21.12% of the stock is owned by corporate insiders.

Bentley Systems Stock Up 1.0 %

BSY traded up $0.45 during trading on Thursday, hitting $43.87. The stock had a trading volume of 286,313 shares, compared to its average volume of 1,200,242. The stock has a 50 day simple moving average of $42.48 and a two-hundred day simple moving average of $46.04. The company has a market capitalization of $12.77 billion, a PE ratio of 39.56, a PEG ratio of 3.52 and a beta of 1.06. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month 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.

Bentley Systems Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on BSY. JPMorgan Chase & Co. dropped their price objective 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. 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 report on Wednesday, April 16th. Oppenheimer upgraded Bentley Systems from a "market perform" rating to an "outperform" rating and set a $49.00 target price for the company in a research report on Thursday, April 10th. Mizuho decreased their target price 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. Finally, Piper Sandler decreased their target price on Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Bentley Systems has a consensus rating of "Moderate Buy" and a consensus price target 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.