Caisse Des Depots ET Consignations Buys New Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Caisse Des Depots ET Consignations purchased a new position in Bentley Systems, Incorporated (NASDAQ:BSY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,819 shares of the company’s stock, valued at approximately $2,140,000.

Other large investors have also modified their holdings of the company. Intech Investment Management LLC boosted its position in 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 buying an additional 254 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Bentley Systems by 3.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 10,035 shares of the company’s stock worth $469,000 after acquiring an additional 317 shares during the period. Private Trust Co. NA raised its holdings in shares of 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 purchasing an additional 378 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Bentley Systems by 4.3% during the fourth quarter. Venturi Wealth Management LLC now owns 9,123 shares of the company’s stock valued at $426,000 after purchasing an additional 380 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in Bentley Systems by 5.4% in the fourth quarter. Park Avenue Securities LLC now owns 9,138 shares of the company’s stock valued at $427,000 after purchasing an additional 467 shares during the last quarter. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Analyst Ratings Changes

BSY has been the subject of several analyst reports. The Goldman Sachs Group cut Bentley Systems from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $51.00 to $42.00 in a report on Friday, February 28th. Rosenblatt Securities restated a “buy” rating and issued a $62.00 price objective on shares of Bentley Systems in a research report on Tuesday, February 25th. Robert W. Baird cut their target price on shares of Bentley Systems from $60.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Piper Sandler lowered their price target 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. Finally, JPMorgan Chase & Co. initiated coverage on Bentley Systems in a research report on Monday, December 9th. They set a “neutral” rating and a $52.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.14.

Insider Activity at Bentley Systems

In other news, Director Keith A. Bentley sold 69,573 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $46.67, for a total transaction of $3,246,971.91. Following the sale, the director now owns 16,705,028 shares of the company’s stock, valued at approximately $779,623,656.76. This trade represents a 0.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 21.12% of the stock is currently owned by company insiders.

Bentley Systems Trading Down 4.3 %

Shares of BSY stock opened at $40.36 on Friday. Bentley Systems, Incorporated has a twelve month low of $39.98 and a twelve month high of $57.19. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 36.36, a PEG ratio of 3.52 and a beta of 1.04. The company’s 50-day moving average price is $44.58 and its 200-day moving average price is $47.22. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37.

Bentley Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.69%. Bentley Systems’s dividend payout ratio is 38.36%.

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.