Asahi Life Asset Management CO. LTD. Has $366,000 Stock Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Asahi Life Asset Management CO. LTD. grew its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 20.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,210 shares of the company’s stock after purchasing an additional 1,240 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in Bentley Systems were worth $366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BSY. Clear Harbor Asset Management LLC grew its position in Bentley Systems by 1.5% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 15,335 shares of the company’s stock worth $779,000 after purchasing an additional 220 shares in the last quarter. Advisor OS LLC grew its holdings in shares of Bentley Systems by 0.7% during the second quarter. Advisor OS LLC now owns 30,983 shares of the company’s stock valued at $1,529,000 after buying an additional 226 shares in the last quarter. Magnolia Capital Advisors LLC raised its position in Bentley Systems by 5.4% during the second quarter. Magnolia Capital Advisors LLC now owns 4,895 shares of the company’s stock valued at $242,000 after buying an additional 249 shares during the period. GAMMA Investing LLC lifted its stake in Bentley Systems by 90.1% in the 2nd quarter. GAMMA Investing LLC now owns 576 shares of the company’s stock worth $28,000 after acquiring an additional 273 shares in the last quarter. Finally, WR Wealth Planners LLC boosted its position in Bentley Systems by 4.5% during the 2nd quarter. WR Wealth Planners LLC now owns 6,435 shares of the company’s stock worth $318,000 after acquiring an additional 275 shares during the period. Institutional investors and hedge funds own 44.16% of the company’s stock.

Insider Buying and Selling at Bentley Systems

In other news, Director Raymond B. Bentley sold 91,045 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $49.43, for a total value of $4,500,354.35. Following the completion of the sale, the director now directly owns 16,598,656 shares in the company, valued at approximately $820,471,566.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Bentley Systems news, Director Barry J. Bentley sold 34,987 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $48.37, for a total value of $1,692,321.19. Following the sale, the director now owns 12,213,248 shares of the company’s stock, valued at $590,754,805.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Raymond B. Bentley sold 91,045 shares of Bentley Systems stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $49.43, for a total value of $4,500,354.35. Following the completion of the transaction, the director now directly owns 16,598,656 shares in the company, valued at approximately $820,471,566.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 276,032 shares of company stock worth $13,720,676 over the last 90 days. Insiders own 21.12% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BSY. Royal Bank of Canada reiterated an “outperform” rating and issued a $61.00 target price on shares of Bentley Systems in a report on Wednesday, August 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $62.00 price objective on shares of Bentley Systems in a research note on Monday, September 16th. The Goldman Sachs Group decreased their target price on shares of Bentley Systems from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $63.00 price target on shares of Bentley Systems in a research note on Wednesday, August 7th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bentley Systems currently has an average rating of “Moderate Buy” and a consensus price target of $59.57.

Bentley Systems Stock Performance

BSY stock opened at $48.86 on Tuesday. The company has a market capitalization of $14.09 billion, a price-to-earnings ratio of 45.66, a P/E/G ratio of 4.09 and a beta of 1.03. The firm has a 50 day moving average of $49.73 and a two-hundred day moving average of $50.47. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.36. Bentley Systems, Incorporated has a 12 month low of $43.82 and a 12 month high of $57.19.

Bentley Systems (NASDAQ:BSY) last posted its earnings results on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08. The firm had revenue of $330.34 million for the quarter, compared to the consensus estimate of $325.20 million. Bentley Systems had a net margin of 29.17% and a return on equity of 31.71%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 earnings per share. As a group, equities analysts anticipate that Bentley Systems, Incorporated will post 0.9 EPS for the current fiscal year.

Bentley Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were given a dividend of $0.06 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.24 dividend on an annualized basis and a yield of 0.49%. Bentley Systems’s payout ratio is currently 22.43%.

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.