Bentley Systems, Incorporated (NASDAQ:BSY) Stock Holdings Boosted by CIBC Asset Management Inc

CIBC Asset Management Inc raised its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,105 shares of the company’s stock after purchasing an additional 902 shares during the period. CIBC Asset Management Inc’s holdings in Bentley Systems were worth $472,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in Bentley Systems in the third quarter worth approximately $30,000. Tobam bought a new stake in Bentley Systems during the fourth quarter worth approximately $55,000. Anchor Investment Management LLC acquired a new position in Bentley Systems in the third quarter worth approximately $110,000. Blue Trust Inc. increased its holdings in shares of Bentley Systems by 291.0% in the third quarter. Blue Trust Inc. now owns 2,682 shares of the company’s stock valued at $132,000 after buying an additional 1,996 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Bentley Systems during the 3rd quarter valued at $221,000. Institutional investors own 44.16% of the company’s stock.

Insider Activity at Bentley Systems

In other Bentley Systems 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 sale, the director now directly owns 16,703,876 shares in the company, valued at $773,890,575.08. The trade was a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.12% of the stock is currently owned by insiders.

Bentley Systems Trading Down 2.0 %

Shares of NASDAQ BSY opened at $45.59 on Monday. The business has a 50-day moving average price of $46.75 and a two-hundred day moving average price of $48.42. 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 firm has a market capitalization of $13.25 billion, a PE ratio of 41.07, a PEG ratio of 3.52 and a beta of 1.03. Bentley Systems, Incorporated has a one year low of $43.82 and a one year high of $57.19.

Analyst Ratings Changes

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

Bentley Systems 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.