Bentley Systems, Incorporated (NASDAQ:BSY) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 7.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,527 shares of the company’s stock after selling 1,548 shares during the period. Vontobel Holding Ltd.’s holdings in Bentley Systems were worth $992,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Swedbank AB increased its position in shares of Bentley Systems by 24.2% during the third quarter. Swedbank AB now owns 5,134,295 shares of the company’s stock worth $260,874,000 after acquiring an additional 1,000,000 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Bentley Systems by 500.0% during the 3rd 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 in the last quarter. LVW Advisors LLC increased its holdings in Bentley Systems by 11.1% during the 3rd quarter. LVW Advisors LLC now owns 22,183 shares of the company’s stock worth $1,127,000 after purchasing an additional 2,208 shares during the last quarter. CWM LLC boosted its stake in shares of Bentley Systems by 6.1% during the 3rd quarter. CWM LLC now owns 24,367 shares of the company’s stock valued at $1,238,000 after buying an additional 1,398 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in shares of Bentley Systems by 41.8% during the third quarter. Handelsbanken Fonder AB now owns 1,323,000 shares of the company’s stock worth $67,222,000 after buying an additional 390,000 shares in the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Barry J. Bentley sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $50.92, for a total transaction of $2,546,000.00. Following the completion of the transaction, the director now directly owns 12,148,235 shares in the company, valued at approximately $618,588,126.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Barry J. Bentley sold 50,000 shares of Bentley Systems stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $50.92, for a total transaction of $2,546,000.00. Following the sale, the director now directly owns 12,148,235 shares in the company, valued at $618,588,126.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barry J. Bentley sold 34,987 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $48.37, for a total transaction of $1,692,321.19. Following the completion of the transaction, the director now owns 12,213,248 shares of the company’s stock, valued at $590,754,805.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 226,032 shares of company stock worth $11,248,676. Insiders own 21.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BSY. Piper Sandler reaffirmed an “overweight” rating and issued a $63.00 price target on shares of Bentley Systems in a report on Wednesday, August 7th. Rosenblatt Securities restated a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a research note on Monday, September 16th. The Goldman Sachs Group decreased their price target on Bentley Systems from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $61.00 price objective on shares of Bentley Systems in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.57.

Bentley Systems Stock Down 0.2 %

NASDAQ:BSY opened at $49.94 on Monday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.36. The stock has a 50 day moving average of $49.78 and a 200-day moving average of $50.50. The firm has a market capitalization of $14.41 billion, a PE ratio of 46.67, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03. Bentley Systems, Incorporated has a 52 week low of $43.82 and a 52 week high of $57.19.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. The firm had revenue of $330.34 million during the quarter, compared to the consensus estimate of $325.20 million. Bentley Systems had a return on equity of 31.71% and a net margin of 29.17%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.20 EPS. Analysts predict that Bentley Systems, Incorporated will post 0.9 EPS for the current year.

Bentley Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.24 annualized dividend and a yield of 0.48%. Bentley Systems’s dividend payout ratio is presently 22.43%.

About Bentley Systems

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.