Dassault Systemes (OTCMKTS:DASTY) Downgraded by Wall Street Zen to "Hold"

Key Points

• Dassault Systemes was downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment regarding the stock's potential.
• Despite the downgrade, Goldman Sachs recently upgraded Dassault Systemes to a "strong-buy" rating, indicating mixed analyst perspectives on the stock.
• The company's stock is currently trading around $32.27, down from a twelve month high of $44.18, with a market cap of approximately $43.27 billion.

Dassault Systemes (OTCMKTS:DASTY - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Sunday.

Other research analysts have also recently issued reports about the company. The Goldman Sachs Group upgraded Dassault Systemes to a "strong-buy" rating in a research note on Friday, June 6th. Citigroup reaffirmed a "neutral" rating on shares of Dassault Systemes in a research report on Friday, July 25th.

Dassault Systemes Stock Performance

Shares of Dassault Systemes stock traded down $0.61 on Friday, hitting $32.27. The stock had a trading volume of 153,892 shares, compared to its average volume of 180,676. Dassault Systemes has a twelve month low of $32.12 and a twelve month high of $44.18. The business's 50 day moving average is $36.41 and its two-hundred day moving average is $38.27. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.23. The stock has a market cap of $43.27 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 4.18 and a beta of 0.98.

Institutional Trading of Dassault Systemes

Several large investors have recently modified their holdings of DASTY. Riverbridge Partners LLC bought a new stake in Dassault Systemes during the 1st quarter valued at approximately $206,000. Rhumbline Advisers boosted its position in Dassault Systemes by 18.9% during the 1st quarter. Rhumbline Advisers now owns 20,836 shares of the technology company's stock valued at $795,000 after acquiring an additional 3,306 shares in the last quarter. Yousif Capital Management LLC boosted its position in Dassault Systemes by 7.4% during the 2nd quarter. Yousif Capital Management LLC now owns 22,389 shares of the technology company's stock valued at $808,000 after acquiring an additional 1,550 shares in the last quarter. Boston Common Asset Management LLC boosted its position in Dassault Systemes by 38.0% during the 1st quarter. Boston Common Asset Management LLC now owns 40,184 shares of the technology company's stock valued at $1,517,000 after acquiring an additional 11,066 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC boosted its position in Dassault Systemes by 27.5% during the 1st quarter. Azimuth Capital Investment Management LLC now owns 120,425 shares of the technology company's stock valued at $4,545,000 after acquiring an additional 25,988 shares in the last quarter. 0.03% of the stock is owned by institutional investors.

About Dassault Systemes

Dassault Systèmes SE provides software solutions and services worldwide. It offers SOLIDWORKS provides easy-to-use 2D and 3D product development solutions accessible to any business; CATIA, an engineering and design software for product 3D computer-aided design; GEOVIA for intersection of natural resources, infrastructure, and urban planning; and BIOVIA that develops chemicals, biologics, and materials experiences.

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