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

Zacks Investment Research upgraded shares of Dassault Systemes (OTCMKTS:DASTY) from a sell rating to a hold rating in a report published 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 lowered Dassault Systemes from a strong-buy rating to a buy rating in a research report on Thursday, November 1st.

DASTY opened at $120.42 on Wednesday. The company has a market cap of $31.93 billion, a price-to-earnings ratio of 44.27, a PEG ratio of 2.64 and a beta of 0.92. Dassault Systemes has a 52 week low of $104.16 and a 52 week high of $163.00. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.23.

Dassault Systemes (OTCMKTS:DASTY) last released its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. The company had revenue of $961.32 million for the quarter, compared to analyst estimates of $962.56 million. Dassault Systemes had a return on equity of 16.60% and a net margin of 17.03%. Equities analysts predict that Dassault Systemes will post 3 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cypress Capital Management LLC acquired a new position in shares of Dassault Systemes in the second quarter valued at approximately $1,107,000. Azimuth Capital Management LLC increased its holdings in shares of Dassault Systemes by 1.1% in the second quarter. Azimuth Capital Management LLC now owns 38,175 shares of the technology company’s stock valued at $5,349,000 after purchasing an additional 400 shares during the period. Advisor Partners LLC acquired a new position in shares of Dassault Systemes in the third quarter valued at approximately $245,000. Henry James International Management Inc. acquired a new position in shares of Dassault Systemes in the third quarter valued at approximately $1,010,000. Finally, Glenmede Trust Co. NA increased its holdings in shares of Dassault Systemes by 36.7% in the third quarter. Glenmede Trust Co. NA now owns 2,982 shares of the technology company’s stock valued at $445,000 after purchasing an additional 801 shares during the period. 0.18% of the stock is currently owned by institutional investors.

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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