Advisor OS LLC Sells 9,647 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Advisor OS LLC reduced its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 46.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,004 shares of the company’s stock after selling 9,647 shares during the quarter. Advisor OS LLC’s holdings in Bentley Systems were worth $514,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in shares of Bentley Systems in the third quarter worth about $30,000. Tobam acquired a new position in Bentley Systems during the 4th quarter worth approximately $55,000. Anchor Investment Management LLC bought a new position in Bentley Systems in the 3rd quarter valued at approximately $110,000. IFP Advisors Inc boosted its position in Bentley Systems by 4,627.3% in the fourth quarter. IFP Advisors Inc now owns 4,680 shares of the company’s stock valued at $220,000 after buying an additional 4,581 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Bentley Systems during the third quarter worth $221,000. 44.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BSY. Piper Sandler dropped their price target on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a research report on Tuesday. Finally, JPMorgan Chase & Co. started coverage on Bentley Systems in a report on Monday, December 9th. They set a “neutral” rating and a $52.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $57.00.

Insider Activity at Bentley Systems

In related news, Director Keith A. Bentley sold 69,573 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total value of $3,246,971.91. Following the transaction, the director now owns 16,705,028 shares in the company, valued at $779,623,656.76. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.12% of the stock is currently owned by company insiders.

Bentley Systems Trading Down 2.3 %

Shares of BSY stock opened at $44.62 on Thursday. Bentley Systems, Incorporated has a 1-year low of $43.82 and a 1-year high of $57.19. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 3.52 and a beta of 1.03. The stock has a 50-day moving average of $46.61 and a 200-day moving average of $48.36.

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.