Zacks Investment Research Downgrades Dassault Systèmes (OTCMKTS:DASTY) to Sell

Dassault Systèmes (OTCMKTS:DASTYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday, 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. “

Other equities analysts have also recently issued reports about the company. UBS Group upgraded Dassault Systèmes from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 9th. Berenberg Bank began coverage on shares of Dassault Systèmes in a report on Friday, February 18th. They set a “buy” rating on the stock. Bryan, Garnier & Co lowered shares of Dassault Systèmes from a “buy” rating to a “neutral” rating and set a €49.00 ($52.69) price objective for the company. in a research note on Friday, March 25th. Morgan Stanley cut their target price on Dassault Systèmes from €61.00 ($65.59) to €53.00 ($56.99) in a research note on Monday, March 28th. Finally, Societe Generale raised Dassault Systèmes from a “hold” rating to a “buy” rating in a report on Friday, February 4th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $56.33.

DASTY opened at $43.06 on Thursday. Dassault Systèmes has a 1-year low of $42.84 and a 1-year high of $64.00. The company has a market cap of $57.59 billion, a price-to-earnings ratio of 60.82, a PEG ratio of 4.09 and a beta of 0.90. The company’s fifty day moving average price is $47.05 and its two-hundred day moving average price is $52.81. The company has a current ratio of 1.36, a quick ratio of 1.39 and a debt-to-equity ratio of 0.48.

Dassault Systèmes (OTCMKTS:DASTYGet Rating) last posted its earnings results on Thursday, February 3rd. The technology company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). Dassault Systèmes had a return on equity of 18.25% and a net margin of 15.91%. The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.54 billion. As a group, equities analysts forecast that Dassault Systèmes will post 1.05 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Mar Vista Investment Partners LLC raised its position in shares of Dassault Systèmes by 400.0% in the third quarter. Mar Vista Investment Partners LLC now owns 1,555 shares of the technology company’s stock worth $82,000 after buying an additional 1,244 shares in the last quarter. Castleview Partners LLC bought a new position in Dassault Systèmes in the 4th quarter worth about $197,000. Toroso Investments LLC purchased a new stake in shares of Dassault Systèmes in the 3rd quarter valued at about $299,000. One Wealth Advisors LLC bought a new stake in shares of Dassault Systèmes during the 3rd quarter valued at about $673,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Dassault Systèmes by 418.0% during the third quarter. PNC Financial Services Group Inc. now owns 17,031 shares of the technology company’s stock worth $898,000 after purchasing an additional 13,743 shares in the last quarter. 0.20% of the stock is currently owned by hedge funds and other institutional investors.

Dassault Systèmes Company Profile (Get Rating)

Dassault Systèmes SE provides software solutions and services worldwide. It 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; GEOVIA for modeling and simulating the earth; and BIOVIA that provides the scientific community with advanced biological, chemical, and materials experiences.

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