Dassault Systemes (DASTY) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Dassault Systemes (OTCMKTS:DASTY) from a sell rating to a hold rating in a research report released on Tuesday.

According to Zacks, “Dassault Systemes is a worldwide recognized leader in CAD/CAM/CAE and PDM II markets. The company’s mission to provide solutions to enable customers to build their digital enterprise, by defining, simulating, managing and optimizing concurrently product, manufacturing process, and resources. In this virtual space, customers create innovative, high quality, safe and affordable products. The company delivers scaleable process and design-centric solutions on both Unix and Windows NT environments. “

Separately, ValuEngine upgraded shares of Dassault Systemes from a buy rating to a strong-buy rating in a report on Wednesday, July 11th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Dassault Systemes presently has a consensus rating of Buy and a consensus target price of $132.00.

Shares of OTCMKTS DASTY opened at $150.35 on Tuesday. Dassault Systemes has a twelve month low of $96.48 and a twelve month high of $152.65. The company has a market capitalization of $38.35 billion, a P/E ratio of 55.27, a PEG ratio of 3.03 and a beta of 0.63. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.25.

Dassault Systemes (OTCMKTS:DASTY) last announced its quarterly earnings data on Wednesday, July 25th. The technology company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. Dassault Systemes had a net margin of 16.74% and a return on equity of 16.99%. The company had revenue of $999.00 million during the quarter, compared to analyst estimates of $987.47 million. sell-side analysts expect that Dassault Systemes will post 3.04 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in DASTY. Hartwell J M Limited Partnership purchased a new stake in Dassault Systemes during the 2nd quarter valued at $498,000. Cypress Capital Management LLC purchased a new stake in Dassault Systemes during the 2nd quarter valued at $1,107,000. Finally, Azimuth Capital Management LLC raised its stake in Dassault Systemes by 1.1% during the 2nd quarter. Azimuth Capital Management LLC now owns 38,175 shares of the technology company’s stock valued at $5,349,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 0.20% of the company’s stock.

About Dassault Systemes

Dassault Systèmes SE provides software applications and services worldwide. The company offers SOLIDWORKS 3D design software for 3D and electrical design, simulation, product data management, and technical communication; CATIA, an engineering and design software for product 3D computer-aided design (CAD); GEOVIA, which models and simulates the earth; and BIOVIA that provides a scientific collaborative environment for biological formulated products and advanced materials.

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