Geothermal has been overlooked as a key renewable energy source, says IGA and Seequent Seequent, The Bentley Subsurface Company, today announced a strategic partnership with the International Geothermal Association (IGA) to boost geothermal energy's role as a sustainable and reliable renewable energy source. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241120526473/en/Panel and moderator for the launch announcement of global partnership between Seequent and the International Geothermal Association. Left to right: Mike Allen, Vice President, New Zealand Geothermal Association; John O'Sullivan, Co-Director, Geothermal Instit

Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced results for the quarter ended September 30, 2024. Third Quarter 2024 Results Total revenues were $335.2 million, up 9.3% or 9.1% on a constant currency basis, year-over-year; Subscriptions revenues were $303.2 million, up 12.0% or 11.8% on a constant currency basis, year-over-year; Annualized Recurring Revenues ("ARR") was $1,270.7 million as of September 30, 2024, compared to $1,124.8 million as of September 30, 2023, representing a constant currency ARR growth rate of 12%; Last twelve-month recurring revenues dollar-based net retention rate was 109%, compared to 110% for t

Google Cloud Recognizes Blyncsy as Part of Google Cloud Ready - Sustainability Program Blyncsy, a Bentley Systems, Incorporated (NASDAQ:BSY) company, today announced that it has achieved the Google Cloud Ready - Sustainability designation in the Google Cloud Partner Advantage Program. By earning the Sustainability designation, Blyncsy has proven its success in building and producing solutions and tools on Google Cloud to help customers achieve their sustainability and Environmental, Social, Governance (ESG) goals. The designation was awarded based on Blyncsy's AI-powered road maintenance and asset inventory technology, which is used by state Department of Transportation (DOT) agencies acr

Blyncsy empowers state DOTs with the ability to monitor and compare—in near real-time—the status of any major highway in the continental U.S. with their existing data for more informed decision-making 2024 AASHTO Annual Meeting & Expo--Blyncsy, a Bentley Systems Inc. (NASDAQ:BSY) company, today announced it published a comprehensive public map of all interstate highways in the continental United States showing key roadway assets such as guardrails, speed limit signs, and work zones to support roadway safety and maintenance conditions. This data is now available to all state U.S. Department of Transportation (DOT) agencies, enabling them to better address safety, maintenance, and repair ope

Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, will release its third quarter 2024 results before the market opens on Thursday, November 7, 2024. Senior management will host a webcast to discuss the company's results at 8:15 a.m. ET. The results press release and link to the webcast will be available prior to the start of the webcast on the company's investor relations website at https://investors.bentley.com Webcast and Registration Information When: Thursday, November 7, 2024, 8:15 a.m. ET Webcast: Registration link Replay: Available later that day via https://investors.bentley.com About Bentley Systems Bentley Systems (NASDAQ:BSY) is the i

Company also recognizes select projects with Founders' Honors for advancing infrastructure Bentley Systems' Year in Infrastructure 2024 – Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced the winners of the 2024 Going Digital Awards. The annual awards honor the extraordinary work of infrastructure professionals and their innovative use of Bentley software to improve the way infrastructure is designed, built, and operated. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241009975422/en/Bentley Systems announced the winners of the 2024 Going Digital Awards on October 9, 202

Bentley makes carbon impact analysis a systematic part of the design process for new and existing infrastructure assets, simplifies embodied carbon reporting with added 3D visualizations Bentley Systems' Year in Infrastructure 2024–Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced the general availability of new Carbon Analysis capabilities in iTwin Experience to assess and reduce carbon impacts for more sustainable infrastructure. The new Carbon Analysis capabilities enable infrastructure engineers to simplify carbon reporting, easily visualize embodied carbon, and rapidly explore alternatives for better designs. This press releas

Company unveils first-to-market AI-powered civil engineering application that delivers optimized, accurate site designs up to 10 times faster than traditional methods Bentley Systems' Year in Infrastructure 2024 – Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced new generative AI capabilities for civil site design, including a design copilot, site layout optimizations, and automated drawing production that will drive new levels of productivity and accuracy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241009012509/en/Bentley's OpenSite+ software uses AI to automate an

At its Year in Infrastructure conference, Bentley highlights the value of open data ecosystems to improve infrastructure resilience and sustainability Bentley Systems' Year in Infrastructure 2024 — Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, unveiled its vision for open data ecosystems to advance infrastructure engineering at its annual Year in Infrastructure conference. During the event, Bentley executives were joined by representatives from global engineering and construction firms and infrastructure owner-operators to discuss how infrastructure professionals can improve project delivery and asset performance. This press release features m

Collaboration enables use of Google 2D, 3D geospatial content within Bentley's applications and platforms to deliver actionable insights to infrastructure professionals Bentley Systems' Year in Infrastructure 2024—Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced a strategic partnership with Google to integrate Google's high-quality geospatial content with Bentley's infrastructure engineering software and digital twin platform to improve the way infrastructure is designed, built, and operated. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241009782475/en/Google 3D Tiles

Combination of Cesium plus iTwin offers developers the most comprehensive digital platform for the built and natural environment Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced it has acquired 3D geospatial company Cesium. Cesium is recognized as the foundational open platform for creating powerful 3D geospatial applications, and its 3D Tiles open standard has been widely adopted by leading enterprises, governments, and tens of thousands of application developers globally. Cesium ion, the company's SaaS platform, brings 3D geospatial experiences to more than 1 million active devices every month, while Cesium's open-source offeri

Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.06 per share dividend for the third quarter of 2024. The cash dividend is payable on September 26, 2024, to all stockholders of record of Class A and Class B common stock as of the close of business September 17, 2024. About Bentley Systems Bentley Systems (NASDAQ:BSY) is the infrastructure engineering software company. We provide innovative software to advance the world's infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, f

Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.06 per share dividend for the second quarter of 2024. The cash dividend is payable on June 13, 2024, to all stockholders of record of Class A and Class B common stock as of the close of business on June 4, 2024. About Bentley Systems Bentley Systems (NASDAQ:BSY) is the infrastructure engineering software company. We provide innovative software to advance the world's infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for th

Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.05 per share dividend for the fourth quarter of 2023. The cash dividend is payable on December 14, 2023 to all stockholders of record of Class A and Class B common stock as of the close of business on December 4, 2023. About Bentley Systems Bentley Systems (NASDAQ:BSY) is the infrastructure engineering software company. We provide innovative software to advance the world's infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size,

To Broaden and Accelerate Infrastructure Asset Analytics Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced the acquisition of Blyncsy provider of breakthrough artificial intelligence services for departments of transportation to support operations and maintenance activities. The digital twin ecosystem focus of Bentley's iTwin Ventures portfolio is bolstered by accelerating the development and propagation of such broadly valuable infrastructure asset analytics. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230814236279/en/Blyncsy's automated AI road inspection technolo

Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.05 per share dividend for the third quarter of 2023. The cash dividend is payable on August 24, 2023 to all stockholders of record of Class A and Class B common stock as of the close of business on August 15, 2023. About Bentley Systems Bentley Systems (NASDAQ:BSY) is the infrastructure engineering software company. We provide innovative software to advance the world's infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for

Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.05 per share dividend for the second quarter of 2023. The cash dividend is payable on June 20, 2023 to all stockholders of record of Class A and Class B common stock as of the close of business on June 8, 2023. About Bentley Systems Bentley Systems (NASDAQ:BSY) is the infrastructure engineering software company. We provide innovative software to advance the world's infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the

Worldsensing Acquires sensemetrics' Thread Connectivity Device Business, While Bentley Becomes Lead Investor in Worldsensing's Series D Capital Raise, and Both Parties Align on a Unique Joint Go-to-Market Offering Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced it has entered into a non-exclusive commercial agreement to strategically accelerate the adoption of Infrastructure IoT, further unlocking value for infrastructure designers, constructors, and owner-operators in their use of infrastructure digital twins. To this end, Worldsensing is acquiring from Bentley sensemetrics' Thread connectivity device business to expand its hard

Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that its Board of Directors increased by two cents the regular quarterly dividend effective from the first quarter of 2023 and declared a $0.05 per share dividend for the first quarter of 2023. The cash dividend is payable on March 7, 2023 to all stockholders of record of Class A and Class B common stock as of the close of business on February 21, 2023. CFO Werner Andre said, "Our increased dividend reflects our strong cash flow generation and commitment to broadly balanced capital allocation between acquisitions, dividends, repurchase of stock and convertible debt to offset dilutio

Enhancing its Position as a Global Partner for EAM Operational Excellence, Expanding Market Capacity and Geographical Reach Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that its Cohesive Group digital integrator business has acquired Vetasi, a leading international consultancy specializing in enterprise asset management (EAM) solutions, with a strong focus on IBM Maximo. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221130006068/en/Image courtesy - Getty Images Vetasi brings to Cohesive the largest IBM Maximo consultancy team across Europe, Africa, and ASEAN countr

William Blair initiated coverage of Bentley Systems with a rating of Outperform

Rosenblatt upgraded Bentley Systems from Neutral to Buy and set a new price target of $60.00 from $54.00 previously

Wolfe Research downgraded Bentley Systems from Outperform to Peer Perform

Piper Sandler initiated coverage of Bentley Systems with a rating of Overweight and set a new price target of $60.00

Goldman downgraded Bentley Systems from Buy to Neutral and set a new price target of $47.00 from $45.00 previously

Griffin Securities upgraded Bentley Systems from Neutral to Buy and set a new price target of $58.00

Rosenblatt downgraded Bentley Systems from Buy to Neutral and set a new price target of $47.00 from $43.00 previously

Goldman upgraded Bentley Systems from Neutral to Buy and set a new price target of $44.00 from $38.00 previously

Rosenblatt initiated coverage of Bentley Systems with a rating of Buy and set a new price target of $37.00

Wolfe Research initiated coverage of Bentley Systems with a rating of Outperform and set a new price target of $48.00

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Bentley Systems's (NYSE:BSY) short percent of float has risen 11.77% since its last report. The company recently reported that it has 10.58 million shares sold short, which is 8.45% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.57 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short intere

U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Wednesday. Shares of Modine Manufacturing Company (NYSE:MOD) shares fell sharply in today’s pre-market trading following mixed fourth-quarter results. Modine Manufacturing posted adjusted earnings of 77 cents per share, versus market estimates of 76 cents per share. The company's quarterly sales came in at $603.50 million compared to expectations of $605.36 million, according to data from Benzinga Pro. Modine Manufacturing shares tumbled 8.8% to $92.50 in pre-market trading. Here are some big stocks recording losses in today's pre-market trading session. LifeStance Health Group, Inc.

Mizuho analyst Matthew Broome maintains Bentley Systems (NASDAQ:BSY) with a Buy and raises the price target from $57 to $60.

Piper Sandler analyst Clarke Jeffries reiterates Bentley Systems (NASDAQ:BSY) with a Overweight and raises the price target from $60 to $63.

Bentley Systems (NASDAQ:BSY) reported quarterly earnings of $0.31 per share which beat the analyst consensus estimate of $0.26 by 19.23 percent. The company reported quarterly sales of $337.763 million which missed the analyst consensus estimate of $340.125 million by 0.69 percent. This is a 7.43 percent increase over sales of $314.411 million the same period last year.

Across the recent three months, 6 analysts have shared their insights on Bentley Systems (NASDAQ:BSY), expressing a variety of opinions spanning from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 4 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 1 3 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $60.0, a high estimate of $6

Rosenblatt analyst Blair Abernethy maintains Bentley Systems (NASDAQ:BSY) with a Buy and maintains $60 price target.

The Nasdaq 100 closed lower by over 90 points on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. GameStop The Trade: GameStop Corp. (NYSE:GME) PFO and PAO Daniel William Moore sold a total of 7,779 shares at an average pric

Bentley Systems's (NYSE:BSY) short percent of float has risen 4.69% since its last report. The company recently reported that it has 8.83 million shares sold short, which is 6.47% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.95 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest