Dassault Systemes (OTCMKTS:DASTY) Hits New 52-Week Low - Time to Sell?

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.

Dassault Systemes SA (OTCMKTS:DASTY - Get Free Report)'s share price 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.

Analyst Ratings Changes

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

Dassault Systemes Trading Up 1.1%

The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $35.27 and a 200-day simple moving average of $37.87. The company has a market capitalization of $42.15 billion, a PE ratio of 34.17, a PEG ratio of 4.07 and a beta of 0.98.

Dassault Systemes Cuts Dividend

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

Hedge Funds Weigh In On Dassault Systemes

Several large investors have recently modified their holdings of DASTY. Boston Common Asset Management LLC lifted its stake in shares of Dassault Systemes by 38.0% in 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 purchasing an additional 11,066 shares during the last quarter. Rhumbline Advisers lifted its stake in Dassault Systemes by 18.9% during the 1st quarter. Rhumbline Advisers now owns 20,836 shares of the technology company's stock worth $795,000 after acquiring an additional 3,306 shares in the last quarter. Riverbridge Partners LLC acquired a new position in Dassault Systemes during the 1st quarter worth about $206,000. Azimuth Capital Investment Management LLC lifted its stake 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 worth $4,545,000 after acquiring an additional 25,988 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake 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 worth $808,000 after acquiring an additional 1,550 shares in the last quarter. Institutional investors and hedge funds own 0.03% of the company's stock.

Dassault Systemes Company Profile

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.