Atria Investments Inc Has $3.59 Million Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Atria Investments Inc reduced its stake in Bentley Systems, Incorporated (NASDAQ:BSY) by 8.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 76,845 shares of the company’s stock after selling 6,661 shares during the quarter. Atria Investments Inc’s holdings in Bentley Systems were worth $3,589,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB increased its position in Bentley Systems by 36.5% in the 4th quarter. Swedbank AB now owns 7,007,324 shares of the company’s stock worth $327,242,000 after buying an additional 1,873,029 shares during the period. Impax Asset Management Group plc bought a new position in Bentley Systems in the 3rd quarter worth approximately $88,771,000. Fiera Capital Corp bought a new position in Bentley Systems in the 3rd quarter worth approximately $42,773,000. Weiss Asset Management LP bought a new position in Bentley Systems in the 3rd quarter worth approximately $10,501,000. Finally, Bar Harbor Wealth Management bought a new position in Bentley Systems in the 4th quarter worth approximately $8,413,000. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Bentley Systems Stock Performance

Shares of NASDAQ:BSY opened at $43.02 on Friday. The business’s fifty day moving average price is $45.96 and its two-hundred day moving average price is $48.04. Bentley Systems, Incorporated has a fifty-two week low of $41.84 and a fifty-two week high of $57.19. The stock has a market capitalization of $12.54 billion, a price-to-earnings ratio of 38.76, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52.

Bentley Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.65%. This is a boost from Bentley Systems’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, March 19th. Bentley Systems’s dividend payout ratio is 38.36%.

Analyst Ratings Changes

Several research analysts have commented on BSY shares. Piper Sandler dropped their price target on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $62.00 price target on shares of Bentley Systems in a research report on Tuesday, February 25th. The Goldman Sachs Group downgraded Bentley Systems from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $51.00 to $42.00 in a research report on Friday, February 28th. JPMorgan Chase & Co. initiated coverage on Bentley Systems in a research report on Monday, December 9th. They set a “neutral” rating and a $52.00 price objective on the stock. Finally, Robert W. Baird lowered their price objective on Bentley Systems from $60.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Bentley Systems currently has an average rating of “Moderate Buy” and an average price target of $56.14.

Insider Buying and Selling at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the business’s stock in a transaction on 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 owns 16,703,876 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.