Bentley Systems, Incorporated (NASDAQ:BSY) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,052,704 shares of the company’s stock after buying an additional 15,372 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.36% of Bentley Systems worth $49,161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BSY. Point72 Hong Kong Ltd purchased a new stake in Bentley Systems in the third quarter valued at approximately $30,000. Private Trust Co. NA lifted its stake in Bentley Systems by 61.1% in the fourth quarter. Private Trust Co. NA now owns 997 shares of the company’s stock valued at $47,000 after buying an additional 378 shares during the last quarter. Tobam purchased a new stake in Bentley Systems in the fourth quarter valued at approximately $55,000. Anchor Investment Management LLC purchased a new stake in shares of Bentley Systems during the third quarter worth approximately $110,000. Finally, IFP Advisors Inc raised its stake in shares of Bentley Systems by 4,627.3% during the fourth quarter. IFP Advisors Inc now owns 4,680 shares of the company’s stock worth $220,000 after purchasing an additional 4,581 shares during the last quarter. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Bentley Systems Trading Down 1.7 %

NASDAQ:BSY opened at $40.11 on Friday. The stock has a fifty day moving average price of $45.49 and a two-hundred day moving average price of $47.80. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 36.14, a PEG ratio of 3.52 and a beta of 1.04. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. Bentley Systems, Incorporated has a 1 year low of $39.98 and a 1 year high of $57.19.

Bentley Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th will be issued a $0.07 dividend. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, March 19th. This represents a $0.28 annualized dividend and a yield of 0.70%. Bentley Systems’s dividend payout ratio is 38.36%.

Wall Street Analyst Weigh In

Several research firms have recently commented on BSY. The Goldman Sachs Group cut Bentley Systems from a “neutral” rating to a “sell” rating and cut their price target for the stock from $51.00 to $42.00 in a research note on Friday, February 28th. Rosenblatt Securities restated a “buy” rating and set a $62.00 price target on shares of Bentley Systems in a research note on Tuesday, February 25th. JPMorgan Chase & Co. began coverage on Bentley Systems in a research note on Monday, December 9th. They set a “neutral” rating and a $52.00 price target for the company. Robert W. Baird cut their price target on Bentley Systems from $60.00 to $59.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Finally, Oppenheimer cut Bentley Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.14.

Insider Buying and Selling at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $46.33, for a total value of $53,372.16. Following the sale, the director now owns 16,703,876 shares of the company’s stock, valued at approximately $773,890,575.08. This represents 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 accessible through the SEC website. 21.12% of the stock is owned by corporate insiders.

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.