Harvest Fund Management Co. Ltd Has $97,000 Stake in Bentley Systems, Incorporated (NASDAQ:BSY)

Harvest Fund Management Co. Ltd trimmed its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,833 shares of the company’s stock after selling 283 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Bentley Systems were worth $97,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Bentley Systems by 2.6% in the third quarter. Vanguard Group Inc. now owns 21,762,442 shares of the company’s stock valued at $1,091,604,000 after buying an additional 556,363 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Bentley Systems by 4.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,516,480 shares of the company’s stock worth $677,987,000 after purchasing an additional 578,512 shares during the period. Artisan Partners Limited Partnership increased its stake in shares of Bentley Systems by 1.9% during the third quarter. Artisan Partners Limited Partnership now owns 5,446,498 shares of the company’s stock worth $273,196,000 after purchasing an additional 100,207 shares during the period. Northern Trust Corp increased its stake in shares of Bentley Systems by 6.5% during the third quarter. Northern Trust Corp now owns 1,625,197 shares of the company’s stock worth $81,520,000 after purchasing an additional 99,319 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Bentley Systems by 13.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,401,734 shares of the company’s stock worth $70,311,000 after purchasing an additional 170,581 shares during the period. 44.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 88,925 shares of Bentley Systems stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $49.48, for a total transaction of $4,400,009.00. Following the transaction, the director now directly owns 17,164,179 shares of the company’s stock, valued at approximately $849,283,576.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Bentley Systems news, Director Keith A. Bentley sold 17,021 shares of Bentley Systems stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total transaction of $936,155.00. Following the transaction, the director now directly owns 17,150,752 shares of the company’s stock, valued at approximately $943,291,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith A. Bentley sold 88,925 shares of Bentley Systems stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $49.48, for a total value of $4,400,009.00. Following the transaction, the director now directly owns 17,164,179 shares in the company, valued at $849,283,576.92. The disclosure for this sale can be found here. 21.12% of the stock is currently owned by company insiders.

Bentley Systems Trading Down 0.1 %

NASDAQ BSY opened at $54.37 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.72. Bentley Systems, Incorporated has a twelve month low of $40.92 and a twelve month high of $55.37. The company has a market cap of $15.54 billion, a price-to-earnings ratio of 54.92, a price-to-earnings-growth ratio of 5.48 and a beta of 1.10. The business’s fifty day moving average is $50.78 and its 200 day moving average is $50.89.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. Bentley Systems had a return on equity of 33.87% and a net margin of 26.60%. The company had revenue of $310.64 million for the quarter, compared to the consensus estimate of $313.67 million. During the same quarter last year, the business posted $0.13 EPS. Bentley Systems’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, sell-side analysts expect that Bentley Systems, Incorporated will post 0.82 EPS for the current fiscal year.

Bentley Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 20th were issued a dividend of $0.06 per share. This is an increase from Bentley Systems’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, March 19th. This represents a $0.24 annualized dividend and a dividend yield of 0.44%. Bentley Systems’s dividend payout ratio (DPR) is 24.24%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BSY shares. Rosenblatt Securities upgraded Bentley Systems from a “neutral” rating to a “buy” rating and increased their target price for the stock from $54.00 to $60.00 in a research note on Monday, February 26th. Robert W. Baird raised their price objective on Bentley Systems from $58.00 to $59.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. William Blair initiated coverage on Bentley Systems in a research note on Thursday, March 28th. They set an “outperform” rating on the stock. Piper Sandler restated an “overweight” rating and set a $60.00 price objective on shares of Bentley Systems in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $61.00 price objective on shares of Bentley Systems in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $58.44.

About Bentley Systems

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.