The Goldman Sachs Group upgraded shares of Dassault Systèmes (OTCMKTS:DASTY - Free Report) to a strong-buy rating in a report issued on Friday,Zacks.com reports.
Separately, Berenberg Bank upgraded Dassault Systèmes from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd.
Read Our Latest Analysis on Dassault Systèmes
Dassault Systèmes Trading Down 1.1%
OTCMKTS:DASTY traded down $0.42 during mid-day trading on Friday, hitting $36.73. The company had a trading volume of 51,501 shares, compared to its average volume of 105,538. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.93 and a current ratio of 1.93. Dassault Systèmes has a fifty-two week low of $32.85 and a fifty-two week high of $44.18. The firm has a market cap of $49.25 billion, a P/E ratio of 37.48, a P/E/G ratio of 3.83 and a beta of 1.01. The business's fifty day moving average is $37.36 and its two-hundred day moving average is $37.91.
Dassault Systèmes Cuts Dividend
The business also recently declared a dividend, which will be paid on Thursday, June 26th. Shareholders of record on Friday, May 23rd will be paid a $0.222 dividend. This represents a yield of 0.58%. The ex-dividend date of this dividend is Thursday, May 22nd. Dassault Systèmes's payout ratio is currently 22.92%.
Institutional Investors Weigh In On Dassault Systèmes
Institutional investors have recently added to or reduced their stakes in the stock. Boston Common Asset Management LLC grew its stake in shares of Dassault Systèmes 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 acquiring an additional 11,066 shares in the last quarter. Rhumbline Advisers grew its position in Dassault Systèmes by 18.9% in the first quarter. Rhumbline Advisers now owns 20,836 shares of the technology company's stock valued at $795,000 after purchasing an additional 3,306 shares in the last quarter. Riverbridge Partners LLC bought a new position in Dassault Systèmes in the first quarter valued at $206,000. Finally, Azimuth Capital Investment Management LLC increased its stake in Dassault Systèmes 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 last quarter. 0.03% of the stock is owned by institutional investors.
Dassault Systèmes Company Profile
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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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