Natixis Advisors LLC Sells 1,485 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Natixis Advisors LLC reduced its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,447 shares of the company’s stock after selling 1,485 shares during the quarter. Natixis Advisors LLC’s holdings in Bentley Systems were worth $1,142,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BSY. Quest Partners LLC acquired a new stake in Bentley Systems in the 3rd quarter worth approximately $221,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Bentley Systems during the third quarter worth $287,000. Raymond James Trust N.A. grew its holdings in shares of Bentley Systems by 25.7% during the third quarter. Raymond James Trust N.A. now owns 5,757 shares of the company’s stock valued at $293,000 after buying an additional 1,177 shares during the last quarter. Thematics Asset Management increased its position in shares of Bentley Systems by 15.1% in the 3rd quarter. Thematics Asset Management now owns 472,980 shares of the company’s stock valued at $24,032,000 after acquiring an additional 61,875 shares during the period. Finally, Townsquare Capital LLC raised its stake in Bentley Systems by 3.3% in the 3rd quarter. Townsquare Capital LLC now owns 99,003 shares of the company’s stock worth $5,030,000 after acquiring an additional 3,122 shares during the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Bentley Systems Stock Down 1.8 %

BSY stock opened at $41.88 on Wednesday. Bentley Systems, Incorporated has a one year low of $39.98 and a one year 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. The firm’s fifty day moving average is $44.77 and its 200 day moving average is $47.31. The firm has a market cap of $12.21 billion, a PE ratio of 37.73, a P/E/G ratio of 3.52 and a beta of 1.04.

Bentley Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 19th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Wednesday, March 19th. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.06. Bentley Systems’s payout ratio is currently 38.36%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BSY. Oppenheimer lowered Bentley Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. initiated coverage on shares of Bentley Systems in a report on Monday, December 9th. They issued a “neutral” rating and a $52.00 price target on the stock. The Goldman Sachs Group cut shares of 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 research note on Friday, February 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $62.00 price objective on shares of Bentley Systems in a research note on Tuesday, February 25th. Finally, Piper Sandler decreased their target price on shares of 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.14.

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.