2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. reduced its stake in shares of Bentley Systems, Incorporated ( NASDAQ:BSY – Free Report ) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 53,143 shares of the company’s stock after selling 269 shares during the period. Russell Investments Group Ltd.’s holdings in Bentley Systems were worth $2,482,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the stock. Private Trust Co. NA grew its position in shares of Bentley Systems by 61.
1% in the fourth quarter. Private Trust Co. NA now owns 997 shares of the company’s stock valued at $47,000 after purchasing an additional 378 shares during the period.
Tobam purchased a new stake in Bentley Systems in the 4th quarter valued at about $55,000. Atala Financial Inc purchased a new position in shares of Bentley Systems during the 4th quarter worth about $55,000. Tortoise Investment Management LLC boosted its position in shares of Bentley Systems by 76.
9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company’s stock worth $78,000 after acquiring an additional 728 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted 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 worth $78,000 after acquiring an additional 495 shares during the last quarter. 44.
16% of the stock is owned by institutional investors and hedge funds. Bentley Systems Stock Down 0.4 % Shares of NASDAQ:BSY opened at $43.
19 on Friday. 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 50 day moving average of $42.70 and a two-hundred day moving average of $46.17.
Bentley Systems, Incorporated has a 52-week low of $36.51 and a 52-week high of $57.19.
The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.
37. Bentley Systems Increases Dividend Analysts Set New Price Targets A number of equities analysts have weighed in on BSY shares. Robert W.
Baird cut 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 note on Thursday, February 27th.
KeyCorp reduced their target price on Bentley Systems from $63.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday.
Oppenheimer upgraded Bentley Systems from a “market perform” rating to an “outperform” rating and set a $49.00 price target for the company in a research note on Thursday, April 10th. Mizuho cut their price objective on Bentley Systems from $60.
00 to $50.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $62.
00 target price on shares of Bentley Systems in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Bentley Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.
70. Check Out Our Latest Report on Bentley Systems Insider Buying and Selling In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the firm’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 completion of the sale, the director now owns 16,703,876 shares in the company, valued at $773,890,575.08. This trade represents a 0.
01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . 21.
12% of the stock is currently owned by insiders. Bentley Systems Profile ( Free Report ) 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.
Featured Stories Want to see what other hedge funds are holding BSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bentley Systems, Incorporated ( NASDAQ:BSY – Free Report ). Receive News & Ratings for Bentley Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bentley Systems and related companies with MarketBeat.
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