Bentley Systems, Incorporated $BSY Shares Bought by Robeco Schweiz AG

Robeco Schweiz AG boosted its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 66.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 758,586 shares of the company’s stock after acquiring an additional 302,346 shares during the period. Robeco Schweiz AG’s holdings in Bentley Systems were worth $24,237,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BSY. Swedbank AB increased its stake in Bentley Systems by 4.8% in the 1st quarter. Swedbank AB now owns 9,000,000 shares of the company’s stock worth $316,080,000 after acquiring an additional 410,799 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Bentley Systems by 253.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,781,449 shares of the company’s stock valued at $167,924,000 after acquiring an additional 3,429,087 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Bentley Systems by 150.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,661,346 shares of the company’s stock valued at $163,703,000 after acquiring an additional 2,803,241 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Bentley Systems by 36.2% during the 1st quarter. Bessemer Group Inc. now owns 2,600,241 shares of the company’s stock valued at $91,320,000 after acquiring an additional 691,806 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Bentley Systems in the second quarter valued at $78,738,000. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 19th. BMO Capital Markets upped their price target on shares of Bentley Systems from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Cantor Fitzgerald increased their price objective on shares of Bentley Systems from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, October 16th. Piper Sandler reissued an “overweight” rating and issued a $45.00 price objective on shares of Bentley Systems in a research note on Friday, August 7th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $50.00 price objective on shares of Bentley Systems in a research note on Monday, August 10th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Bentley Systems has a consensus rating of “Moderate Buy” and an average target price of $44.77.

Bentley Systems Price Performance

Shares of Bentley Systems stock opened at $39.70 on Friday. The stock has a 50 day moving average price of $34.51 and a 200-day moving average price of $33.39. Bentley Systems, Incorporated has a one year low of $28.08 and a one year high of $52.39. The stock has a market cap of $11.54 billion, a price-to-earnings ratio of 43.63, a price-to-earnings-growth ratio of 2.48 and a beta of 0.99. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.59 and a current ratio of 0.59.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $410.73 million during the quarter, compared to the consensus estimate of $412.12 million. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%. Bentley Systems’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the company earned $0.32 earnings per share. Equities analysts expect that Bentley Systems, Incorporated will post 1.21 EPS for the current year.

Bentley Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. Bentley Systems’s dividend payout ratio is currently 30.77%.

About Bentley Systems

Bentley Systems, Incorporated is a software company that develops solutions for the design, construction, and operation of infrastructure. Its customers include engineers, architects, geospatial professionals, construction firms, and infrastructure owner-operators in sectors such as transportation, water, utilities, industrial facilities, and buildings.

The company’s product portfolio includes MicroStation for infrastructure design, ProjectWise for project collaboration, AssetWise for asset performance and operations, and SYNCHRO for construction management.