Wealth Alliance Has $354,000 Stock Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Wealth Alliance trimmed its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,571 shares of the company’s stock after selling 383 shares during the quarter. Wealth Alliance’s holdings in Bentley Systems were worth $354,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Bentley Systems during the third quarter worth approximately $30,000. Tobam acquired a new stake in shares of Bentley Systems during the fourth quarter worth approximately $55,000. Anchor Investment Management LLC acquired a new stake in shares of Bentley Systems during the third quarter worth approximately $110,000. Blue Trust Inc. boosted 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 worth $132,000 after purchasing an additional 1,996 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Bentley Systems during the third quarter worth approximately $221,000. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Keith A. Bentley sold 1,152 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $46.33, for a total transaction of $53,372.16. Following the transaction, the director now owns 16,703,876 shares of the company’s stock, valued at approximately $773,890,575.08. The trade was a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 21.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

Bentley Systems Trading Down 2.0 %

NASDAQ:BSY opened at $45.59 on Friday. Bentley Systems, Incorporated has a 12 month low of $43.82 and a 12 month high of $57.19. The firm has a market cap of $13.25 billion, a price-to-earnings ratio of 41.07, a P/E/G ratio of 3.59 and a beta of 1.03. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. The company’s 50 day moving average is $46.75 and its 200-day moving average is $48.41.

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.