Dassault Systemes (OTCMKTS:DASTY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
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 raised Dassault Systemes from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 11th.
Several large investors have recently made changes to their positions in the company. Azimuth Capital Management LLC increased its holdings in shares of Dassault Systemes by 1.1% in the 2nd quarter. Azimuth Capital Management LLC now owns 38,175 shares of the technology company’s stock valued at $5,349,000 after acquiring an additional 400 shares during the period. Cypress Capital Management LLC purchased a new position in Dassault Systemes during the 2nd quarter worth $1,107,000. Hartwell J M Limited Partnership purchased a new position in Dassault Systemes during the 2nd quarter worth $498,000. Finally, Advisor Partners LLC purchased a new position in Dassault Systemes during the 3rd quarter worth $245,000. Institutional investors and hedge funds own 0.18% of the company’s stock.
Dassault Systemes Company Profile
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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