Vanguard Group Inc. Has $798.65 Million Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Vanguard Group Inc. trimmed its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 1.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 17,101,741 shares of the company’s stock after selling 243,933 shares during the period. Vanguard Group Inc. owned 0.06% of Bentley Systems worth $798,651,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Bentley Systems by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company’s stock valued at $49,161,000 after acquiring an additional 15,372 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Bentley Systems during the 4th quarter valued at $809,000. Principal Financial Group Inc. lifted its stake in shares of Bentley Systems by 20.5% in the 3rd quarter. Principal Financial Group Inc. now owns 204,612 shares of the company’s stock valued at $10,396,000 after purchasing an additional 34,871 shares during the last quarter. Bar Harbor Wealth Management bought a new stake in Bentley Systems in the fourth quarter worth $8,413,000. Finally, Needham Investment Management LLC acquired a new position in Bentley Systems during the third quarter worth $2,134,000. Institutional investors own 44.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BSY. Oppenheimer cut Bentley Systems from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th. Piper Sandler decreased their target price on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird dropped their price target 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. JPMorgan Chase & Co. began coverage on shares of Bentley Systems in a research note on Monday, December 9th. They issued a “neutral” rating and a $52.00 price objective for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.14.

Bentley Systems Stock Down 1.6 %

BSY opened at $39.70 on Friday. The business has a 50 day moving average of $44.46 and a 200-day moving average of $47.17. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 35.77, a P/E/G ratio of 3.52 and a beta of 1.04. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems, Incorporated has a 1-year low of $39.58 and a 1-year high of $57.19.

Bentley Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.71%. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, March 19th. Bentley Systems’s dividend payout ratio (DPR) is currently 38.36%.

Insider Transactions at Bentley Systems

In other news, Director Keith A. Bentley sold 1,152 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $46.33, for a total transaction of $53,372.16. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 21.12% of the company’s stock.

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.