Dassault Systemes (OTCMKTS:DASTY) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Dassault Systemes has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, prompting a reevaluation of its stock outlook.
• Despite the downgrade, the current consensus rating among analysts remains a "buy" for Dassault Systemes, with some ratings as high as "strong-buy."
• Institutional investors have shown increased interest in Dassault Systemes, with several firms raising their stakes in the company over the past quarters.

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

Other research analysts have also issued reports about the company. The Goldman Sachs Group raised Dassault Systemes to a "strong-buy" rating in a research report on Friday, June 6th. Citigroup reiterated a "neutral" rating on shares of Dassault Systemes in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Dassault Systemes currently has an average rating of "Buy".

Dassault Systemes Stock Down 1.7%

OTCMKTS:DASTY traded down $0.55 during midday trading on Friday, reaching $32.77. 275,759 shares of the stock traded hands, compared to its average volume of 136,898. Dassault Systemes has a 12-month low of $30.55 and a 12-month high of $44.18. The business has a 50-day moving average of $32.96 and a two-hundred day moving average of $36.32. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $43.94 billion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99.

Institutional Trading of Dassault Systemes

Institutional investors have recently modified their holdings of the stock. Riverbridge Partners LLC purchased a new position in shares of Dassault Systemes in the first quarter valued at approximately $206,000. Rhumbline Advisers boosted 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 purchasing an additional 3,306 shares during the last quarter. Yousif Capital Management LLC raised its position in shares of Dassault Systemes by 7.4% in the second quarter. Yousif Capital Management LLC now owns 22,389 shares of the technology company's stock valued at $808,000 after buying an additional 1,550 shares during the last quarter. Boston Common Asset Management LLC lifted its stake in shares of 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 in the last quarter. Finally, Azimuth Capital Investment Management LLC boosted its position 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 worth $4,545,000 after acquiring an additional 25,988 shares during 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.