Dassault Systemes SA $DASTY Shares Purchased by Azimuth Capital Investment Management LLC

Key Points

• Azimuth Capital Investment Management LLC increased its stake in Dassault Systemes SA by 27.5%, owning a total of 120,425 shares after purchasing an additional 25,988 shares.
• The company recently cut its dividend to $0.222 per share, yielding 58.0%, while its dividend payout ratio is currently at 23.91%.
• Wall Street analysts have mixed opinions on Dassault Systemes, with Goldman Sachs upgrading to a "strong-buy" while Wall Street Zen downgraded the stock from "buy" to "hold."

Azimuth Capital Investment Management LLC increased its stake in shares of Dassault Systemes SA (OTCMKTS:DASTY - Free Report) by 27.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,425 shares of the technology company's stock after purchasing an additional 25,988 shares during the period. Azimuth Capital Investment Management LLC's holdings in Dassault Systemes were worth $4,545,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Riverbridge Partners LLC acquired a new position in Dassault Systemes in the 1st quarter valued at $206,000. Rhumbline Advisers raised its holdings in 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 last quarter. Finally, Boston Common Asset Management LLC raised its holdings in 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 last quarter. 0.03% of the stock is currently owned by institutional investors and hedge funds.

Dassault Systemes Stock Down 1.9%

Dassault Systemes stock traded down $0.6050 during trading on Thursday, reaching $31.1850. 48,632 shares of the company's stock were exchanged, compared to its average volume of 123,874. The company's 50-day moving average is $34.95 and its two-hundred day moving average is $37.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.83 and a current ratio of 1.83. Dassault Systemes SA has a 52-week low of $30.55 and a 52-week high of $44.18. The firm has a market cap of $41.81 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 4.05 and a beta of 0.98.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DASTY shares. Citigroup reiterated a "neutral" rating on shares of Dassault Systemes in a report on Friday, July 25th. Wall Street Zen cut shares of Dassault Systemes from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Finally, The Goldman Sachs Group raised shares of Dassault Systemes to a "strong-buy" rating in a research note on Friday, June 6th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

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.