Dassault Systemes (OTCMKTS:DASTY) Reaches New 1-Year Low - What's Next?

Key Points

• Dassault Systemes' share price has reached a new 12-month low, trading down to $30.55 before closing at $30.90 amidst high trading volume.
• Brokerages have issued mixed ratings, with Wall Street Zen downgrading the stock to a "hold" while Goldman Sachs upgraded it to a "strong-buy".
• The company recently declared a $0.222 dividend, yielding 58.0%, as part of its financial updates amidst changing institutional investor stakes.

Shares of Dassault Systemes SA (OTCMKTS:DASTY - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $30.55 and last traded at $30.90, with a volume of 303316 shares changing hands. The stock had previously closed at $31.47.

Analysts Set New Price Targets

A number of analysts have commented on DASTY shares. Wall Street Zen lowered shares of Dassault Systemes from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. The Goldman Sachs Group upgraded Dassault Systemes to a "strong-buy" rating in a report on Friday, June 6th. Finally, Citigroup reiterated a "neutral" rating on shares of Dassault Systemes in a report on Friday, July 25th.

Dassault Systemes Stock Up 1.1%

The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $42.15 billion, a PE ratio of 34.17, a price-to-earnings-growth ratio of 4.04 and a beta of 0.98. The business's 50-day moving average price is $35.38 and its 200-day moving average price is $37.93.

Dassault Systemes Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Friday, May 23rd were given a $0.222 dividend. The ex-dividend date was Thursday, May 22nd. This represents a yield of 58.0%. Dassault Systemes's dividend payout ratio is presently 23.91%.

Institutional Investors Weigh In On Dassault Systemes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Riverbridge Partners LLC acquired a new position in Dassault Systemes in the first quarter worth approximately $206,000. Rhumbline Advisers increased its holdings in Dassault Systemes by 18.9% in the first quarter. Rhumbline Advisers now owns 20,836 shares of the technology company's stock worth $795,000 after buying an additional 3,306 shares during the last quarter. Yousif Capital Management LLC increased its holdings in Dassault Systemes by 7.4% in the second quarter. Yousif Capital Management LLC now owns 22,389 shares of the technology company's stock worth $808,000 after buying an additional 1,550 shares during the last quarter. Boston Common Asset Management LLC increased its holdings in Dassault Systemes by 38.0% in the first quarter. Boston Common Asset Management LLC now owns 40,184 shares of the technology company's stock worth $1,517,000 after buying an additional 11,066 shares during the last quarter. Finally, Azimuth Capital Investment Management LLC grew its holdings in Dassault Systemes by 27.5% during the first quarter. Azimuth Capital Investment Management LLC now owns 120,425 shares of the technology company's stock valued at $4,545,000 after purchasing an additional 25,988 shares during the last quarter. Hedge funds and other institutional investors own 0.03% of the company's stock.

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.