Bentley Systems, Incorporated Class B (BSY)

Bentley Systems' stock price has experienced a decline over the past year, with a 12.49% decrease between January 10, 2025, and January 9, 2026, and a 24.5% decrease over the past six months. The stock was down 5.16% over the 30 days leading up to December 26, 2025, and down 17.95% for the past 12 months as of that date. Recent events impacting the stock price include analyst downgrades and price target reductions in late 2025 and early 2026. Bentley Systems acquired Talon Aerolytics and Pointivo technology for asset analytics leadership on January 5, 2026. The company declared a fourth-quarter 2025 dividend and announced an extension of its stock repurchase program on November 21, 2025. Bentley Systems announced its third-quarter 2025 results on November 5, 2025.

Demand for Bentley Systems' products and services exhibits some seasonality, with the third quarter (Q3) typically identified as the "seasonal low quarter" for Annual Recurring Revenue (ARR). The fourth quarter (Q4) is expected to see an acceleration in ARR due to renewal timing and potential asset analytics deals. This seasonality can also be observed in operating income, which experienced a drop in Q2 2023. The company's transition to a subscription-based model aims to improve revenue stability and reduce exposure to market cycles.

Bentley Systems, Inc. (BSY) is a U.S.-based software development company specializing in infrastructure engineering software solutions, operating within the Technology sector, specifically in the Computer Software industry. The company develops, manufactures, licenses, sells, and supports computer software and services globally for the design, construction, and operation of infrastructure, serving various markets, including building, plant, civil, and geospatial, across architecture, engineering, construction (AEC), and operations. Its principal software product lines include MicroStation, ProjectWise, and AssetWise. The iTwin Platform powers digital twin capabilities for infrastructure. The company offers a broad portfolio of engineering applications, geo-professional applications, and open simulation applications. Bentley Infrastructure Cloud encompasses ProjectWise, SYNCHRO, and AssetWise. Bentley Asset Analytics Solutions include Blyncsy, Bridge Monitoring, Dam Monitoring, OpenTower iQ, Talon Aerolytics, and Pointivo.

Bentley Systems, Inc. is headquartered in Exton, Pennsylvania, U.S., and has a significant global presence, with development, sales, and other departments in over 50 countries. Its software solutions are provided across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. In 2021, Bentley Systems generated revenue in 186 countries.

Bentley Systems maintains a strong brand reputation as a market leader in infrastructure engineering software and is recognized for pioneering the concept of "digital twins" for infrastructure projects. The company's reputation has been affected by strategic acquisitions, such as Talon Aerolytics and Pointivo technology, enhancing its asset analytics leadership. A strategic partnership with EARTHBRAIN to advance smart construction was announced in November 2025. The company announced the winners of its 2025 Partner Excellence Awards in October 2025 and the 2025 Going Digital Awards, reinforcing its standing within the industry. Analyst sentiment is generally positive, but recent downgrades and price target reductions could reflect a more cautious outlook on its short-term stock performance.

Bentley Systems, Inc. (BSY) has a diverse ownership structure, including institutional, individual, and insider investors. Approximately 40.27% to 44.16% of the company's stock is held by institutional investors, with 457 institutional investors holding 133.46 million shares as of September 2025. Largest Institutional Shareholders include Vanguard Group Inc, BlackRock, Inc., Kayne Anderson Rudnick Investment Management LLC, Swedbank AB, Morgan Stanley, State Street Corp, Geode Capital Management, Llc, Pictet Asset Management Holding SA, and William Blair Investment Management, Llc. Insiders own approximately 18.62% to 39.14% of the stock. Major Individual/Insider Owners include Aktiengesellschaft Siemens, Spt Invest Management Sarl, Keith A. Bentley, Raymond B. Bentley, Barry J. Bentley, and Gregory S. Bentley. Other significant individual holders include Corinne Patricia Bentley and Marie Therese Verdugo Bentley.