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

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Dassault Systemes (OTCMKTS:DASTY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday, 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 research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $147.00.

OTCMKTS DASTY traded up $0.25 on Monday, reaching $158.06. The stock had a trading volume of 4,689 shares, compared to its average volume of 17,187. The business has a 50 day moving average price of $152.96 and a 200 day moving average price of $150.29. The company has a current ratio of 4.20, a quick ratio of 4.20 and a debt-to-equity ratio of 0.69. Dassault Systemes has a 1 year low of $109.24 and a 1 year high of $166.07. The company has a market capitalization of $40.88 billion, a price-to-earnings ratio of 48.19 and a beta of 1.01.

Dassault Systemes (OTCMKTS:DASTY) last issued its earnings results on Thursday, October 24th. The technology company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates 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, analysts anticipate that Dassault Systemes will post 3.43 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Sky Investment Group LLC boosted its stake in shares of Dassault Systemes by 15.5% during the 3rd quarter. Sky Investment Group LLC now owns 10,070 shares of the technology company’s stock worth $1,427,000 after acquiring an additional 1,355 shares in the last quarter. Scout Investments Inc. boosted its stake in shares of Dassault Systemes by 22.4% during the 3rd quarter. Scout Investments Inc. now owns 13,990 shares of the technology company’s stock worth $1,994,000 after acquiring an additional 2,563 shares in the last quarter. Advisor Partners LLC boosted its stake in shares of Dassault Systemes by 5.9% during the 2nd quarter. Advisor Partners LLC now owns 2,502 shares of the technology company’s stock worth $400,000 after acquiring an additional 139 shares in the last quarter. ARK Investment Management LLC bought a new stake in shares of Dassault Systemes during the 2nd quarter worth about $1,302,000. Finally, Hartwell J M Limited Partnership boosted its stake in shares of Dassault Systemes by 53.2% during the 2nd quarter. Hartwell J M Limited Partnership now owns 3,217 shares of the technology company’s stock worth $515,000 after acquiring an additional 1,117 shares in the last quarter. Hedge funds and other 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.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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