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.

Several other equities analysts have also weighed in on the stock. Citigroup reissued a "neutral" rating on shares of Dassault Systemes in a research report on Friday, July 25th. The Goldman Sachs Group raised shares of Dassault Systemes to a "strong-buy" rating in a research report on Friday, June 6th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Dassault Systemes presently has a consensus rating of "Buy".

Dassault Systemes Trading Up 0.8%

Shares of DASTY traded up $0.27 during midday trading on Friday, hitting $32.24. The stock had a trading volume of 93,768 shares, compared to its average volume of 133,387. Dassault Systemes has a fifty-two week low of $30.55 and a fifty-two week high of $44.18. The business has a 50-day simple moving average of $33.32 and a two-hundred day simple moving average of $36.49. The firm has a market cap of $43.23 billion, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 4.14 and a beta of 0.99. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.25.

Hedge Funds Weigh In On Dassault Systemes

A number of large investors have recently bought and sold shares of the company. Azimuth Capital Investment Management LLC raised its stake in shares of 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 purchasing an additional 25,988 shares in the last quarter. Boston Common Asset Management LLC increased 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 worth $1,517,000 after buying an additional 11,066 shares during the period. Yousif Capital Management LLC grew its holdings in shares of 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 purchasing an additional 1,550 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of 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 in the last quarter. Finally, Riverbridge Partners LLC acquired a new stake in shares of Dassault Systemes during the 1st quarter worth $206,000. Institutional investors and hedge funds 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.

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