Venturi Wealth Management LLC Acquires 380 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Venturi Wealth Management LLC raised its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,123 shares of the company’s stock after purchasing an additional 380 shares during the period. Venturi Wealth Management LLC’s holdings in Bentley Systems were worth $426,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. CIBC Asset Management Inc increased its stake in shares of Bentley Systems by 9.8% during the fourth quarter. CIBC Asset Management Inc now owns 10,105 shares of the company’s stock valued at $472,000 after purchasing an additional 902 shares in the last quarter. Valmark Advisers Inc. purchased a new stake in shares of Bentley Systems during the fourth quarter valued at approximately $2,752,000. Fiera Capital Corp grew its holdings in shares of Bentley Systems by 13.2% during the fourth quarter. Fiera Capital Corp now owns 953,246 shares of the company’s stock valued at $44,517,000 after buying an additional 111,433 shares during the last quarter. Equitable Trust Co. purchased a new stake in shares of Bentley Systems during the fourth quarter valued at approximately $463,000. Finally, Entropy Technologies LP grew its holdings in shares of Bentley Systems by 78.0% during the fourth quarter. Entropy Technologies LP now owns 18,484 shares of the company’s stock valued at $863,000 after buying an additional 8,102 shares during the last quarter. Institutional investors own 44.16% of the company’s stock.

Bentley Systems Trading Down 0.5 %

Shares of BSY stock opened at $47.44 on Thursday. Bentley Systems, Incorporated has a 12-month low of $43.82 and a 12-month high of $57.19. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. The firm’s 50 day moving average is $46.82 and its 200 day moving average is $48.42. The stock has a market capitalization of $13.79 billion, a P/E ratio of 42.74, a P/E/G ratio of 3.57 and a beta of 1.03.

Insider Buying and Selling

In other Bentley Systems news, Director Keith A. Bentley sold 69,573 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total value of $3,246,971.91. Following the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Piper Sandler cut their price target on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. assumed coverage on shares of Bentley Systems in a report on Monday, December 9th. They set a “neutral” rating and a $52.00 price target on the stock. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $62.00 price target on shares of Bentley Systems in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Bentley Systems has a consensus rating of “Moderate Buy” and an average target price of $57.00.

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.