Dassault Systemes (DASTY) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research cut shares of Dassault Systemes (OTCMKTS:DASTY) from a hold rating to a sell rating in a research report report published on Friday, 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, KeyCorp started coverage on Dassault Systemes in a research note on Wednesday, April 10th. They set a sector weight rating for the company.

DASTY stock traded down $0.85 during midday trading on Friday, reaching $151.70. The stock had a trading volume of 15,455 shares, compared to its average volume of 24,014. The firm has a market capitalization of $39.53 billion, a price-to-earnings ratio of 46.25, a price-to-earnings-growth ratio of 2.92 and a beta of 0.92. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.97 and a quick ratio of 2.01. Dassault Systemes has a 52-week low of $109.24 and a 52-week high of $163.00.

Dassault Systemes (OTCMKTS:DASTY) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.02. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.06 billion. Dassault Systemes had a return on equity of 17.25% and a net margin of 16.89%. As a group, equities research analysts expect that Dassault Systemes will post 3.52 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DASTY. Scout Investments Inc. raised its stake in shares of Dassault Systemes by 10.1% during the 4th quarter. Scout Investments Inc. now owns 12,311 shares of the technology company’s stock valued at $1,459,000 after buying an additional 1,126 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Dassault Systemes by 14.2% during the 4th quarter. Quadrant Capital Group LLC now owns 3,408 shares of the technology company’s stock valued at $390,000 after buying an additional 423 shares during the last quarter. Sky Investment Group LLC increased its stake in shares of Dassault Systemes by 12.2% in the 4th quarter. Sky Investment Group LLC now owns 8,170 shares of the technology company’s stock valued at $959,000 after purchasing an additional 890 shares in the last quarter. Advisor Partners LLC increased its stake in shares of Dassault Systemes by 34.4% in the 4th quarter. Advisor Partners LLC now owns 2,198 shares of the technology company’s stock valued at $261,000 after purchasing an additional 562 shares in the last quarter. Finally, Hartwell J M Limited Partnership purchased a new position in shares of Dassault Systemes in the 1st quarter valued at about $312,000. Institutional investors and hedge funds own 0.18% of the company’s stock.

Dassault Systemes Company Profile

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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