Machina Capital S.A.S. Has $615,000 Stock Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Machina Capital S.A.S. increased its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 23.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,166 shares of the company’s stock after purchasing an additional 2,533 shares during the quarter. Machina Capital S.A.S.’s holdings in Bentley Systems were worth $615,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Arizona State Retirement System increased its position in Bentley Systems by 2.1% during the 4th quarter. Arizona State Retirement System now owns 46,398 shares of the company’s stock worth $2,167,000 after purchasing an additional 943 shares in the last quarter. Aigen Investment Management LP increased its position in Bentley Systems by 636.8% in the 4th quarter. Aigen Investment Management LP now owns 32,876 shares of the company’s stock valued at $1,535,000 after acquiring an additional 28,414 shares during the period. Proficio Capital Partners LLC acquired a new position in Bentley Systems in the 4th quarter valued at approximately $809,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Bentley Systems by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company’s stock valued at $49,161,000 after purchasing an additional 15,372 shares during the last quarter. Finally, Plato Investment Management Ltd bought a new stake in shares of Bentley Systems in the 4th quarter valued at $447,000. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BSY has been the topic of a number of analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Bentley Systems in a research note on Tuesday, February 25th. The Goldman Sachs Group lowered shares of Bentley Systems from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $51.00 to $42.00 in a research note on Friday, February 28th. Piper Sandler reduced their price objective on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Oppenheimer lowered shares of Bentley Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. started coverage on shares of Bentley Systems in a research note on Monday, December 9th. They set a “neutral” rating and a $52.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.14.

Bentley Systems Stock Performance

Shares of BSY stock opened at $43.02 on Friday. The firm has a 50-day moving average of $45.96 and a 200-day moving average of $48.04. The company has a market cap of $12.54 billion, a P/E ratio of 38.76, a P/E/G 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, Incorporated has a one year low of $41.84 and a one year high of $57.19.

Bentley Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $0.28 annualized dividend and a dividend yield of 0.65%. This is an increase from Bentley Systems’s previous quarterly dividend of $0.06. Bentley Systems’s dividend payout ratio is currently 38.36%.

Insider Activity

In related news, Director Keith A. Bentley sold 69,573 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total transaction of $3,246,971.91. Following the completion of the sale, the director now owns 16,705,028 shares in the company, valued at approximately $779,623,656.76. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 21.12% of the stock is currently owned by corporate insiders.

Bentley Systems 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.