Dassault Systemes (OTCMKTS:DASTY) Rating Increased to Hold at Zacks Research

Dassault Systemes (OTCMKTS:DASTY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities analysts have also issued reports on DASTY. Jefferies Financial Group restated a “buy” rating on shares of Dassault Systemes in a research note on Monday, April 20th. The Goldman Sachs Group lowered shares of Dassault Systemes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Dassault Systemes Stock Up 2.3%

OTCMKTS:DASTY opened at $19.79 on Monday. The company’s 50-day simple moving average is $22.16 and its 200-day simple moving average is $23.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 1.70. Dassault Systemes has a fifty-two week low of $18.99 and a fifty-two week high of $38.49. The stock has a market capitalization of $26.56 billion, a P/E ratio of 18.67, a P/E/G ratio of 5.65 and a beta of 1.00.

Hedge Funds Weigh In On Dassault Systemes

A hedge fund recently bought a new position in Dassault Systemes stock. Douglass Winthrop Advisors LLC acquired a new stake in Dassault Systemes SA (OTCMKTS:DASTY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 87,451 shares of the technology company’s stock, valued at approximately $2,442,000. 0.03% of the stock is owned by hedge funds and other institutional investors.

Dassault Systemes Company Profile

Dassault Systèmes is a France-based software company that develops solutions for 3D design, digital mock-up and product lifecycle management (PLM). Founded as a technology spin-off from Dassault Aviation in 1981, the company is headquartered near Paris and has grown into a global provider of engineering and business software used to model, simulate and manage products and processes across their lifecycles. Its platforms and applications are aimed at enabling digital continuity from ideation and design through manufacturing, operation and service.

The company’s product portfolio centers on the 3DEXPERIENCE platform, which integrates applications for computer-aided design (CAD), simulation, data management and collaboration.