Robeco Schweiz AG Sells 41,731 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Robeco Schweiz AG lessened its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 11.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 316,706 shares of the company’s stock after selling 41,731 shares during the period. Robeco Schweiz AG’s holdings in Bentley Systems were worth $14,790,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BSY. Point72 Hong Kong Ltd bought a new stake in Bentley Systems in the 3rd quarter valued at about $30,000. Tobam purchased a new position in shares of Bentley Systems in the fourth quarter worth about $55,000. Anchor Investment Management LLC purchased a new position in shares of Bentley Systems in the third quarter worth about $110,000. IFP Advisors Inc raised its position in shares of Bentley Systems by 4,627.3% in the fourth quarter. IFP Advisors Inc now owns 4,680 shares of the company’s stock valued at $220,000 after purchasing an additional 4,581 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of Bentley Systems during the 3rd quarter valued at approximately $221,000. Institutional investors own 44.16% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BSY shares. Rosenblatt Securities reiterated a “buy” rating and issued a $62.00 price objective on shares of Bentley Systems in a research note on Tuesday. Piper Sandler reduced their price target on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. began coverage on Bentley Systems in a research note on Monday, December 9th. They set a “neutral” rating and a $52.00 price objective on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

Bentley Systems Stock Down 2.3 %

Shares of NASDAQ:BSY opened at $44.62 on Thursday. The firm has a fifty day moving average price of $46.61 and a two-hundred day moving average price of $48.36. The company has a market cap of $12.97 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 3.52 and a beta of 1.03. 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 $43.82 and a one year high of $57.19.

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.