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

Key Points

• Dassault Systemes shares reached a new 52-week low, trading as low as $31.92 before slightly rebounding to $32.06.
• Analysts have given mixed ratings, with Goldman Sachs upgrading the stock to a "strong-buy," while Wall Street Zen downgraded it from "buy" to "hold."
• The company recently paid a dividend of $0.222 per share, reflecting a high dividend yield of 58.0% despite ongoing stock price declines.

Dassault Systemes SA (OTCMKTS:DASTY - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $31.92 and last traded at $32.06, with a volume of 90061 shares. The stock had previously closed at $32.05.

Analysts Set New Price Targets

DASTY has been the subject of a number of recent research reports. Citigroup reiterated a "neutral" rating on shares of Dassault Systemes in a research note on Friday, July 25th. The Goldman Sachs Group upgraded shares of Dassault Systemes to a "strong-buy" rating in a research report on Friday, June 6th. Finally, Wall Street Zen downgraded shares of Dassault Systemes from a "buy" rating to a "hold" rating in a research report on Sunday.

Dassault Systemes Stock Up 0.0%

The firm has a market cap of $42.98 billion, a PE ratio of 34.85, a P/E/G ratio of 4.15 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.88 and a current ratio of 1.83. The firm's 50-day moving average price is $36.07 and its two-hundred day moving average price is $38.18.

Dassault Systemes Cuts Dividend

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

Institutional Trading of Dassault Systemes

Several institutional investors have recently modified their holdings of DASTY. Boston Common Asset Management LLC increased its holdings 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 acquiring an additional 11,066 shares during the period. Rhumbline Advisers increased its holdings in shares of Dassault Systemes by 18.9% in 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 during the period. Riverbridge Partners LLC acquired a new position in shares of Dassault Systemes in the 1st quarter valued at $206,000. Azimuth Capital Investment Management LLC increased its stake in Dassault Systemes by 27.5% in 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 buying an additional 25,988 shares during the period. Finally, Yousif Capital Management LLC increased its stake in Dassault Systemes by 7.4% in the 2nd 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 period. 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.

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