Bentley Systems, Incorporated (NASDAQ:BSY) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 325,168 shares of the company’s stock after buying an additional 3,126 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.11% of Bentley Systems worth $15,185,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in shares of Bentley Systems in the third quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Bentley Systems by 500.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company’s stock valued at $61,000 after purchasing an additional 1,000 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Bentley Systems by 71.8% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,105 shares of the company’s stock valued at $107,000 after purchasing an additional 880 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Bentley Systems during the third quarter valued at $110,000. Finally, Blue Trust Inc. lifted its holdings in shares of Bentley Systems by 291.0% during the third quarter. Blue Trust Inc. now owns 2,682 shares of the company’s stock valued at $132,000 after purchasing an additional 1,996 shares during the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Stock Down 1.2 %

NASDAQ:BSY opened at $46.08 on Thursday. The firm has a market capitalization of $13.40 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 3.50 and a beta of 1.03. 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 business’s fifty day moving average price is $47.03 and its 200 day moving average price is $48.45.

Bentley Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.52%. The ex-dividend date was Tuesday, December 3rd. Bentley Systems’s payout ratio is 21.62%.

Insider Activity at Bentley Systems

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $62.00 target price on shares of Bentley Systems in a report on Friday, November 8th. JPMorgan Chase & Co. assumed coverage on Bentley Systems in a report on Monday, December 9th. They set a “neutral” rating and a $52.00 target price for the company. Finally, Piper Sandler reduced their target price on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

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.