Impax Asset Management Group plc Has $115.72 Million Stake in Bentley Systems, Incorporated (NASDAQ:BSY)

Impax Asset Management Group plc raised its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 41.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,493,059 shares of the company’s stock after acquiring an additional 736,369 shares during the period. Impax Asset Management Group plc’s holdings in Bentley Systems were worth $115,719,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Point72 Hong Kong Ltd purchased a new position in shares of Bentley Systems during the third quarter valued at $30,000. Tobam acquired a new stake in Bentley Systems during the 4th quarter worth about $55,000. Anchor Investment Management LLC purchased a new position in Bentley Systems during the 3rd quarter valued at about $110,000. Blue Trust Inc. increased its holdings in shares of Bentley Systems by 291.0% in the 3rd 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 period. Finally, Quest Partners LLC purchased a new stake in shares of Bentley Systems in the third quarter worth approximately $221,000. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BSY shares. 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. JPMorgan Chase & Co. started coverage on shares of Bentley Systems in a report on Monday, December 9th. They set a “neutral” rating and a $52.00 price target on the stock. Finally, Piper Sandler dropped their price target on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Bentley Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

Bentley Systems Price Performance

Shares of BSY opened at $45.59 on Monday. 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 has a market cap of $13.25 billion, a PE ratio of 41.07, a PEG ratio of 3.52 and a beta of 1.03. The firm’s 50 day moving average price is $46.75 and its 200 day moving average price is $48.42. Bentley Systems, Incorporated has a twelve month low of $43.82 and a twelve month high of $57.19.

Insider Transactions at Bentley Systems

In other news, Director Keith A. Bentley sold 69,573 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $46.67, for a total transaction of $3,246,971.91. Following the completion of the sale, the director now owns 16,705,028 shares in the company, valued at approximately $779,623,656.76. This represents a 0.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 21.12% of the stock is currently owned by company insiders.

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.