Azimuth Capital Investment Management LLC Acquires 25,988 Shares of Dassault Systemes SA $DASTY

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

Other institutional investors have also recently made changes to their positions in the company. Boston Common Asset Management LLC increased its position in shares of Dassault Systemes by 38.0% during the first 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 during the period. Rhumbline Advisers boosted its stake in Dassault Systemes 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 acquiring an additional 3,306 shares in the last quarter. Finally, Riverbridge Partners LLC acquired a new stake in Dassault Systemes in the first quarter valued at approximately $206,000. Institutional investors own 0.03% of the company's stock.

Dassault Systemes Price Performance

DASTY stock traded up $0.4125 during trading on Wednesday, reaching $31.6925. 116,533 shares of the company were exchanged, compared to its average volume of 123,963. The stock's 50 day moving average price is $35.04 and its 200 day moving average price is $37.76. Dassault Systemes SA has a 52-week low of $30.55 and a 52-week high of $44.18. The company has a market cap of $42.49 billion, a P/E ratio of 34.45, a PEG ratio of 4.04 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.83 and a current ratio of 1.83.

Wall Street Analysts Forecast Growth

DASTY has been the subject of several research reports. Citigroup reiterated a "neutral" rating on shares of Dassault Systemes in a research note on Friday, July 25th. Wall Street Zen lowered shares of Dassault Systemes from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, The Goldman Sachs Group upgraded shares of Dassault Systemes to a "strong-buy" rating in a report on Friday, June 6th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

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.