Truist Financial Corp Has $8.16 Million Stock Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Truist Financial Corp trimmed its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,737 shares of the company’s stock after selling 6,867 shares during the quarter. Truist Financial Corp’s holdings in Bentley Systems were worth $8,160,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in shares of Bentley Systems in the third quarter worth $30,000. Tobam bought a new position in Bentley Systems during the fourth quarter worth $55,000. Anchor Investment Management LLC bought a new position in Bentley Systems during the third quarter worth $110,000. Blue Trust Inc. increased its position in Bentley Systems by 291.0% during the third quarter. Blue Trust Inc. now owns 2,682 shares of the company’s stock worth $132,000 after acquiring an additional 1,996 shares during the period. Finally, Quest Partners LLC bought a new position in Bentley Systems during the third quarter worth $221,000. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $46.33, for a total value of $53,372.16. Following the sale, the director now owns 16,703,876 shares of the company’s stock, valued at $773,890,575.08. The trade was a 0.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 21.12% of the company’s stock.

Bentley Systems Trading Down 2.0 %

Shares of Bentley Systems stock opened at $45.59 on Friday. The firm has a market capitalization of $13.25 billion, a PE ratio of 41.07, a price-to-earnings-growth ratio of 3.59 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. The company’s fifty day moving average price is $46.75 and its two-hundred day moving average price is $48.41. Bentley Systems, Incorporated has a 52-week low of $43.82 and a 52-week high of $57.19.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $62.00 target price on shares of Bentley Systems in a research report on Friday, November 8th. JPMorgan Chase & Co. assumed coverage on shares of Bentley Systems in a research report on Monday, December 9th. They set a “neutral” rating and a $52.00 target price on the stock. Finally, Piper Sandler dropped their target price on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

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.