Dassault Systemes (OTCMKTS: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 report 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 shares of 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 assigned a hold rating and one has issued a buy rating to the company. Dassault Systemes presently has a consensus rating of Hold and a consensus target price of $147.00.

DASTY opened at $155.58 on Monday. Dassault Systemes has a 52-week low of $109.24 and a 52-week high of $166.07. The company has a quick ratio of 4.20, a current ratio of 4.20 and a debt-to-equity ratio of 0.69. The company has a market cap of $40.88 billion, a P/E ratio of 47.43 and a beta of 1.01. The firm’s 50-day moving average price is $153.11 and its 200-day moving average price is $150.31.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sky Investment Group LLC increased its holdings in shares of Dassault Systemes by 15.5% during the third quarter. Sky Investment Group LLC now owns 10,070 shares of the technology company’s stock valued at $1,427,000 after acquiring an additional 1,355 shares in the last quarter. Scout Investments Inc. increased its holdings in shares of Dassault Systemes by 22.4% during the third quarter. Scout Investments Inc. now owns 13,990 shares of the technology company’s stock valued at $1,994,000 after acquiring an additional 2,563 shares in the last quarter. Dougherty Wealth Advisers LLC acquired a new position in shares of Dassault Systemes during the second quarter valued at about $48,000. Meeder Asset Management Inc. acquired a new position in shares of Dassault Systemes during the second quarter valued at about $25,000. Finally, Hartwell J M Limited Partnership increased 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 valued at $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.

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