Dassault Systemes (OTCMKTS:DASTY) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Dassault Systemes (OTCMKTS:DASTY) from a hold rating to a sell rating in a research note published on Monday morning, Zacks.com reports.

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 downgraded Dassault Systemes from a buy rating to a hold rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $147.00.

Dassault Systemes stock opened at $158.06 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 4.20 and a quick ratio of 4.20. The stock has a market capitalization of $40.88 billion, a price-to-earnings ratio of 48.19 and a beta of 1.01. Dassault Systemes has a 1-year low of $109.24 and a 1-year high of $166.07. The business has a fifty day moving average price of $152.96 and a 200-day moving average price of $150.29.

Dassault Systemes (OTCMKTS:DASTY) last announced its earnings results on Thursday, October 24th. The technology company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.06. Dassault Systemes had a return on equity of 16.23% and a net margin of 16.16%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. On average, equities research analysts anticipate that Dassault Systemes will post 3.43 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Sky Investment Group LLC grew its stake in Dassault Systemes by 15.5% during the 3rd quarter. Sky Investment Group LLC now owns 10,070 shares of the technology company’s stock valued at $1,427,000 after purchasing an additional 1,355 shares during the last quarter. Scout Investments Inc. increased its holdings in shares of Dassault Systemes by 22.4% in the third quarter. Scout Investments Inc. now owns 13,990 shares of the technology company’s stock valued at $1,994,000 after purchasing an additional 2,563 shares during the period. Dougherty Wealth Advisers LLC purchased a new position in shares of Dassault Systemes in the second quarter worth about $48,000. Meeder Asset Management Inc. purchased a new position in shares of Dassault Systemes in the second quarter worth about $25,000. Finally, Hartwell J M Limited Partnership lifted its holdings in shares of Dassault Systemes by 53.2% during the second quarter. Hartwell J M Limited Partnership now owns 3,217 shares of the technology company’s stock worth $515,000 after purchasing an additional 1,117 shares during the period. Institutional investors own 0.22% of the company’s stock.

About Dassault Systemes

Dassault Systèmes SE provides software solutions and services worldwide. The company offers SOLIDWORKS design software for 3D design, electrical and printed circuit board design, product data management, simulation, manufacturing, 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 the scientific community with advanced biological, chemical, and materials experiences.

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