Bentley Systems (NASDAQ:BSY) Receives “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Bentley Systems (NASDAQ:BSY) in a report issued on Tuesday,Benzinga reports. The firm currently has a $62.00 price target on the stock.

Other equities analysts have also issued reports about the stock. Piper Sandler decreased their price objective 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. initiated coverage on shares of Bentley Systems in a research report on Monday, December 9th. They issued a “neutral” rating and a $52.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Bentley Systems has an average rating of “Moderate Buy” and an average target price of $57.00.

Bentley Systems Stock Down 2.0 %

Shares of BSY opened at $45.68 on Tuesday. Bentley Systems has a one year low of $43.82 and a one year high of $57.19. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a 50 day moving average price of $46.67 and a 200 day moving average price of $48.39. The stock has a market capitalization of $13.28 billion, a price-to-earnings ratio of 41.15, a PEG ratio of 3.52 and a beta of 1.03.

Insider Buying and Selling

In related news, Director Keith A. Bentley sold 1,152 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $46.33, for a total value of $53,372.16. Following the completion of the sale, the director now directly owns 16,703,876 shares of the company’s stock, valued at $773,890,575.08. This represents a 0.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 21.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bentley Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in shares of Bentley Systems in the 3rd quarter valued at $30,000. Private Trust Co. NA increased its stake in Bentley Systems by 61.1% in the fourth quarter. Private Trust Co. NA now owns 997 shares of the company’s stock valued at $47,000 after purchasing an additional 378 shares during the period. Tobam acquired a new position in Bentley Systems in the fourth quarter valued at $55,000. Atala Financial Inc purchased a new stake in shares of Bentley Systems in the fourth quarter valued at about $55,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Bentley Systems during the fourth quarter worth about $75,000. Hedge funds and other institutional investors own 44.16% of the company’s stock.

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.