Prudential PLC Buys 371 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Prudential PLC raised its stake in Bentley Systems, Incorporated (NASDAQ:BSY) by 0.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 63,008 shares of the company’s stock after buying an additional 371 shares during the period. Prudential PLC’s holdings in Bentley Systems were worth $2,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of BSY. Private Trust Co. NA boosted its holdings in shares of Bentley Systems by 61.1% during the 4th quarter. Private Trust Co. NA now owns 997 shares of the company’s stock worth $47,000 after buying an additional 378 shares during the period. Tobam bought a new stake in shares of Bentley Systems during the fourth quarter worth approximately $55,000. Atala Financial Inc bought a new stake in shares of Bentley Systems during the fourth quarter worth approximately $55,000. CIBC Private Wealth Group LLC grew its position in shares of Bentley Systems by 42.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company’s stock valued at $78,000 after purchasing an additional 495 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its stake in shares of Bentley Systems by 76.9% during the fourth quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company’s stock worth $78,000 after purchasing an additional 728 shares during the period. 44.16% of the stock is owned by institutional investors.

Bentley Systems Stock Performance

NASDAQ BSY opened at $38.66 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. The company has a fifty day simple moving average of $43.85 and a 200 day simple moving average of $46.84. Bentley Systems, Incorporated has a 12-month low of $38.28 and a 12-month high of $57.19. The company has a market cap of $11.27 billion, a P/E ratio of 34.83, a PEG ratio of 3.52 and a beta of 1.06.

Bentley Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 19th were given a $0.07 dividend. This is a boost from Bentley Systems’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.28 annualized dividend and a yield of 0.72%. Bentley Systems’s dividend payout ratio (DPR) is presently 38.36%.

Analyst Ratings Changes

BSY has been the subject of several recent research reports. Piper Sandler reduced their price target on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Rosenblatt Securities reissued a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a research report on Tuesday, February 25th. JPMorgan Chase & Co. assumed coverage on shares of Bentley Systems in a research note on Monday, December 9th. They issued a “neutral” rating and a $52.00 price target on the stock. Oppenheimer cut shares of Bentley Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 27th. Finally, Robert W. Baird decreased their target price on shares of Bentley Systems from $60.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Bentley Systems has an average rating of “Hold” and a consensus target price of $55.13.

Insider Activity

In related news, Director Keith A. Bentley sold 1,152 shares of Bentley Systems stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $46.33, for a total value of $53,372.16. Following the completion of the transaction, the director now directly owns 16,703,876 shares in the company, valued at approximately $773,890,575.08. The trade was a 0.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 21.12% of the company’s stock.

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.