Bentley Systems, Incorporated $BSY Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 10.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 18,607,657 shares of the company’s stock after buying an additional 1,792,591 shares during the period. Vanguard Group Inc. owned approximately 6.37% of Bentley Systems worth $957,922,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its stake in shares of Bentley Systems by 1,529.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after acquiring an additional 627 shares during the period. Whittier Trust Co. increased its holdings in Bentley Systems by 237.4% in the 2nd quarter. Whittier Trust Co. now owns 830 shares of the company’s stock valued at $45,000 after purchasing an additional 584 shares in the last quarter. Ethic Inc. acquired a new stake in Bentley Systems in the 2nd quarter valued at $743,000. Sumitomo Mitsui Trust Group Inc. raised its position in Bentley Systems by 3.4% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 334,382 shares of the company’s stock valued at $18,047,000 after purchasing an additional 11,008 shares during the period. Finally, Wealthfront Advisers LLC lifted its stake in shares of Bentley Systems by 14.8% during the second quarter. Wealthfront Advisers LLC now owns 10,993 shares of the company’s stock worth $593,000 after purchasing an additional 1,419 shares in the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BSY has been the subject of a number of recent research reports. Barclays lowered their target price on Bentley Systems from $57.00 to $47.00 and set an “equal weight” rating for the company in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bentley Systems in a research report on Wednesday, January 21st. JPMorgan Chase & Co. dropped their price objective on shares of Bentley Systems from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Oppenheimer decreased their target price on shares of Bentley Systems from $65.00 to $53.00 and set an “outperform” rating for the company in a research note on Tuesday, January 20th. Finally, BMO Capital Markets began coverage on shares of Bentley Systems in a report on Thursday, January 22nd. They set an “outperform” rating and a $48.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Bentley Systems presently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

Bentley Systems Stock Performance

Bentley Systems stock opened at $33.84 on Friday. Bentley Systems, Incorporated has a 52 week low of $30.97 and a 52 week high of $59.25. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.04. The stock has a market cap of $9.88 billion, a P/E ratio of 40.29, a price-to-earnings-growth ratio of 2.34 and a beta of 1.21. The stock has a 50 day moving average of $37.29 and a 200-day moving average of $45.34.

Bentley Systems Company Profile

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.