Dassault Systèmes (OTCMKTS:DASTY) Raised to "Strong-Buy" at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Dassault Systèmes (OTCMKTS:DASTY - Free Report) to a strong-buy rating in a report published on Friday morning,Zacks.com reports.

Separately, Berenberg Bank upgraded shares of Dassault Systèmes from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd.

Dassault Systèmes Stock Performance

OTCMKTS DASTY traded up $0.25 during trading hours on Friday, reaching $37.06. The company's stock had a trading volume of 58,704 shares, compared to its average volume of 104,660. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.26. The business has a 50-day simple moving average of $37.32 and a 200 day simple moving average of $37.99. Dassault Systèmes has a 52 week low of $32.85 and a 52 week high of $44.18. The stock has a market cap of $49.69 billion, a PE ratio of 37.82, a PEG ratio of 3.83 and a beta of 1.01.

Dassault Systèmes Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 26th. Investors of record on Friday, May 23rd will be given a $0.222 dividend. This represents a yield of 0.58%. The ex-dividend date is Thursday, May 22nd. Dassault Systèmes's dividend payout ratio is currently 22.92%.

Hedge Funds Weigh In On Dassault Systèmes

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Azimuth Capital Investment Management LLC grew its holdings in shares of 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 worth $4,545,000 after acquiring an additional 25,988 shares during the last quarter. Boston Common Asset Management LLC raised its holdings in Dassault Systèmes by 38.0% during the first quarter. Boston Common Asset Management LLC now owns 40,184 shares of the technology company's stock valued at $1,517,000 after buying an additional 11,066 shares in the last quarter. Riverbridge Partners LLC acquired a new stake in Dassault Systèmes in the 1st quarter worth approximately $206,000. Finally, Rhumbline Advisers boosted its holdings in shares of Dassault Systèmes by 18.9% during the 1st quarter. Rhumbline Advisers now owns 20,836 shares of the technology company's stock worth $795,000 after buying an additional 3,306 shares during the period. 0.03% of the stock is owned by institutional investors.

Dassault Systèmes 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.