Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Stock Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Bentley Systems, Incorporated (NASDAQ:BSY) by 31.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,613 shares of the company’s stock after buying an additional 11,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Bentley Systems were worth $2,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Swedbank AB boosted its position in Bentley Systems by 36.5% in the 4th quarter. Swedbank AB now owns 7,007,324 shares of the company’s stock valued at $327,242,000 after buying an additional 1,873,029 shares during the period. Impax Asset Management Group plc purchased a new stake in Bentley Systems in the 3rd quarter valued at about $88,771,000. TimesSquare Capital Management LLC lifted its position in shares of Bentley Systems by 3.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,161,146 shares of the company’s stock worth $58,998,000 after purchasing an additional 39,205 shares during the period. Fiera Capital Corp lifted its position in shares of Bentley Systems by 13.2% in the 4th quarter. Fiera Capital Corp now owns 953,246 shares of the company’s stock worth $44,517,000 after purchasing an additional 111,433 shares during the period. Finally, Bridgewater Associates LP lifted its position in shares of Bentley Systems by 6.4% in the 3rd quarter. Bridgewater Associates LP now owns 556,684 shares of the company’s stock worth $28,285,000 after purchasing an additional 33,344 shares during the period. 44.16% of the stock is owned by hedge funds and other institutional investors.

Bentley Systems Trading Down 2.3 %

NASDAQ BSY opened at $44.62 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. The firm has a market cap of $12.97 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03. The company has a 50 day moving average price of $46.61 and a 200 day moving average price of $48.36. Bentley Systems, Incorporated has a 52 week low of $43.82 and a 52 week high of $57.19.

Insider Buying and Selling

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $46.33, for a total transaction of $53,372.16. Following the transaction, the director now owns 16,703,876 shares in the company, valued at approximately $773,890,575.08. This represents a 0.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 21.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BSY has been the subject of several research reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $62.00 price target on shares of Bentley Systems in a research report on Tuesday. 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 target for the company. Finally, Piper Sandler lowered their price target on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock 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.