KeyCorp Lowers Bentley Systems (NASDAQ:BSY) Price Target to $54.00

Bentley Systems (NASDAQ:BSY) had its price target cut by analysts at KeyCorp from $63.00 to $54.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price target would indicate a potential upside of 25.03% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Rosenblatt Securities reissued a “buy” rating and issued a $62.00 price objective on shares of Bentley Systems in a research note on Tuesday, February 25th. Piper Sandler decreased their price objective 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. Oppenheimer upgraded Bentley Systems from a “market perform” rating to an “outperform” rating and set a $49.00 target price on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. decreased their price target on shares of Bentley Systems from $52.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group downgraded shares of Bentley Systems from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $51.00 to $42.00 in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.70.

Bentley Systems Trading Down 0.4 %

NASDAQ BSY opened at $43.19 on Wednesday. The company’s 50-day simple moving average is $42.77 and its two-hundred day simple moving average is $46.22. Bentley Systems has a one year low of $36.51 and a one year high of $57.19. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 38.91, a price-to-earnings-growth ratio of 3.52 and a beta of 1.06. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52.

Insiders Place Their Bets

In other news, Director Keith A. Bentley sold 1,152 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $46.33, for a total value of $53,372.16. Following the transaction, the director now directly owns 16,703,876 shares of the company’s stock, valued at approximately $773,890,575.08. This represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 21.12% of the company’s stock.

Institutional Investors Weigh In On Bentley Systems

Large investors have recently bought and sold shares of the company. City Holding Co. acquired a new stake in Bentley Systems during the 1st quarter worth about $26,000. Fifth Third Bancorp grew its holdings in Bentley Systems by 106.6% during the first quarter. Fifth Third Bancorp now owns 843 shares of the company’s stock worth $33,000 after acquiring an additional 435 shares during the period. Private Trust Co. NA raised its position in Bentley Systems by 61.1% during the fourth quarter. Private Trust Co. NA now owns 997 shares of the company’s stock valued at $47,000 after acquiring an additional 378 shares in the last quarter. Tobam acquired a new position in Bentley Systems in the fourth quarter valued at approximately $55,000. Finally, Atala Financial Inc purchased a new stake in Bentley Systems in the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 44.16% 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.