Mitsubishi UFJ Trust & Banking Corp Has $3.71 Million Stake in Bentley Systems, Incorporated (NASDAQ:BSY)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in Bentley Systems, Incorporated (NASDAQ:BSY) by 0.4% in the 4th quarter, Holdings Channel reports. The firm owned 79,523 shares of the company’s stock after selling 281 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Bentley Systems were worth $3,714,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Swedbank AB increased its stake in shares of Bentley Systems by 36.5% in the fourth quarter. Swedbank AB now owns 7,007,324 shares of the company’s stock worth $327,242,000 after purchasing an additional 1,873,029 shares during the period. Impax Asset Management Group plc increased its position in Bentley Systems by 41.9% in the 4th quarter. Impax Asset Management Group plc now owns 2,493,059 shares of the company’s stock worth $115,719,000 after buying an additional 736,369 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in Bentley Systems by 591.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 555,702 shares of the company’s stock valued at $26,446,000 after purchasing an additional 475,361 shares during the last quarter. LBP AM SA bought a new stake in shares of Bentley Systems in the fourth quarter valued at about $13,591,000. Finally, Weiss Asset Management LP bought a new stake in shares of Bentley Systems in the 3rd quarter worth approximately $10,501,000. Institutional investors own 44.16% of the company’s stock.

Bentley Systems Price Performance

BSY opened at $39.34 on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a market capitalization of $11.47 billion, a P/E ratio of 35.44, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. The company’s 50 day simple moving average is $44.34 and its 200-day simple moving average is $47.09. Bentley Systems, Incorporated has a one year low of $38.66 and a one year high of $57.19.

Bentley Systems Increases Dividend

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

Insider Transactions at Bentley Systems

In other 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 transaction of $53,372.16. Following the completion of the sale, the director now owns 16,703,876 shares in the company, valued at $773,890,575.08. The trade was a 0.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 21.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. UBS Group assumed coverage on Bentley Systems in a research report on Monday. They set a “neutral” rating and a $48.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $62.00 price objective on shares of Bentley Systems in a report on Tuesday, February 25th. Piper Sandler lowered their target price 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. The Goldman Sachs Group cut shares of 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. Finally, Oppenheimer lowered Bentley Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Bentley Systems currently has an average rating of “Hold” and a consensus target price of $55.13.

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.