XTX Topco Ltd Lowers Position in Bentley Systems, Incorporated (NASDAQ:BSY)

XTX Topco Ltd trimmed its stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 79.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,952 shares of the company's stock after selling 34,152 shares during the period. XTX Topco Ltd's holdings in Bentley Systems were worth $418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA grew its stake in Bentley Systems by 61.1% in the 4th quarter. Private Trust Co. NA now owns 997 shares of the company's stock worth $47,000 after buying an additional 378 shares in the last quarter. Tobam purchased a new position in Bentley Systems in the fourth quarter worth $55,000. Atala Financial Inc bought a new position in Bentley Systems in the fourth quarter valued at $55,000. Tortoise Investment Management LLC raised 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 valued at $78,000 after purchasing an additional 728 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Bentley Systems by 42.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company's stock worth $78,000 after purchasing an additional 495 shares in the last quarter. 44.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. UBS Group started coverage on Bentley Systems in a research report on Monday, March 31st. They issued a "neutral" rating and a $48.00 target price for the company. Piper Sandler reduced their target price on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Oppenheimer raised shares of Bentley Systems from a "market perform" rating to an "outperform" rating and set a $49.00 price target for the company in a research note on Thursday, April 10th. The Goldman Sachs Group cut Bentley Systems from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $51.00 to $42.00 in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their price objective on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $52.70.

Bentley Systems Trading Down 1.0 %

NASDAQ:BSY traded down $0.46 during mid-day trading on Friday, reaching $43.44. 826,423 shares of the company's stock traded hands, compared to its average volume of 1,204,242. The company has a 50 day moving average price of $42.33 and a 200-day moving average price of $45.93. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 39.14, a PEG ratio of 3.52 and a beta of 1.06. 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 12-month low of $36.51 and a 12-month high of $57.19.

Bentley Systems Increases Dividend

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

Bentley Systems Company 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.