Dassault Systemes (OTCMKTS:DASTY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday, Zacks.com reports. The firm presently has a $160.00 price objective on the technology company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 12.95% from the company’s previous close.
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. “
DASTY has been the subject of a number of other reports. Goldman Sachs Group raised shares of Dassault Systemes from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 5th. Jefferies Financial Group started coverage on shares of Dassault Systemes in a research note on Monday, July 22nd. They issued a “hold” rating for the company. Finally, Barclays reaffirmed a “hold” rating and issued a $134.00 target price on shares of Dassault Systemes in a research note on Tuesday, July 9th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $147.00.
Shares of OTCMKTS DASTY traded down $1.16 during trading on Monday, reaching $141.66. The company had a trading volume of 10,028 shares, compared to its average volume of 16,394. Dassault Systemes has a 52 week low of $109.24 and a 52 week high of $166.07. The stock has a market cap of $36.63 billion, a PE ratio of 43.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.93 and a current ratio of 1.93. The business’s 50 day moving average price is $142.09 and its 200-day moving average price is $150.16.
Dassault Systemes (OTCMKTS:DASTY) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.01. Dassault Systemes had a net margin of 16.30% and a return on equity of 16.62%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. Equities analysts anticipate that Dassault Systemes will post 3.43 earnings per share for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sky Investment Group LLC raised its stake in shares of Dassault Systemes by 6.9% during the second quarter. Sky Investment Group LLC now owns 8,715 shares of the technology company’s stock worth $1,395,000 after buying an additional 565 shares during the last quarter. ARK Investment Management LLC bought a new stake in shares of Dassault Systemes during the second quarter worth approximately $1,302,000. Hartwell J M Limited Partnership raised its stake 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 buying an additional 1,117 shares during the last quarter. Advisor Partners LLC raised its stake in shares of Dassault Systemes by 5.9% during the second quarter. Advisor Partners LLC now owns 2,502 shares of the technology company’s stock worth $400,000 after buying an additional 139 shares during the last quarter. Finally, Dougherty Wealth Advisers LLC bought a new stake in shares of Dassault Systemes during the second quarter worth approximately $48,000. 0.19% of the stock is owned by institutional investors and hedge funds.
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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