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Dassault Systèmes (OTCMKTS:DASTY – Get Rating) was upgraded by HSBC from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, The Fly reports.
DASTY has been the subject of several other research reports. Berenberg Bank lowered their price objective on shares of Dassault Systèmes from €46.50 ($50.00) to €41.50 ($44.62) and set a “buy” rating for the company in a research note on Tuesday, October 18th. JPMorgan Chase & Co. reduced their price target on shares of Dassault Systèmes from €31.00 ($33.33) to €30.00 ($32.26) and set an “underweight” rating for the company in a research report on Monday. Barclays downgraded shares of Dassault Systèmes from an “overweight” rating to an “equal weight” rating in a research report on Monday, November 21st. Sanford C. Bernstein raised shares of Dassault Systèmes from an “underperform” rating to a “market perform” rating in a research report on Wednesday, January 4th. Finally, Morgan Stanley reduced their price target on shares of Dassault Systèmes from €43.50 ($46.77) to €40.75 ($43.82) and set an “overweight” rating for the company in a research report on Friday, October 14th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $41.66.
Dassault Systèmes Stock Performance
OTCMKTS:DASTY opened at $37.14 on Wednesday. The company has a fifty day moving average of $36.43 and a 200-day moving average of $37.37. The firm has a market capitalization of $49.54 billion, a P/E ratio of 53.83, a P/E/G ratio of 3.27 and a beta of 0.98. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. Dassault Systèmes has a twelve month low of $31.12 and a twelve month high of $54.53.
Dassault Systèmes (OTCMKTS:DASTY – Get Rating) last released its quarterly earnings data on Wednesday, October 26th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.31 billion. Dassault Systèmes had a net margin of 15.52% and a return on equity of 18.53%. As a group, sell-side analysts anticipate that Dassault Systèmes will post 1.03 EPS for the current year.
Hedge Funds Weigh In On Dassault Systèmes
A number of hedge funds have recently bought and sold shares of DASTY. PNC Financial Services Group Inc. boosted its holdings in Dassault Systèmes by 4.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 16,699 shares of the technology company’s stock worth $830,000 after acquiring an additional 746 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Dassault Systèmes by 14.1% during the 1st quarter. Captrust Financial Advisors now owns 25,168 shares of the technology company’s stock worth $1,242,000 after purchasing an additional 3,113 shares during the period. Boston Common Asset Management LLC raised its stake in shares of Dassault Systèmes by 3.4% during the 2nd quarter. Boston Common Asset Management LLC now owns 46,309 shares of the technology company’s stock worth $1,700,000 after purchasing an additional 1,536 shares during the period. Azimuth Capital Investment Management LLC bought a new stake in shares of Dassault Systèmes during the 2nd quarter worth $3,884,000. Finally, Sky Investment Group LLC raised its stake in shares of Dassault Systèmes by 1.2% during the 3rd quarter. Sky Investment Group LLC now owns 44,970 shares of the technology company’s stock worth $1,551,000 after purchasing an additional 555 shares during the period. 0.19% of the stock is owned by hedge funds and other institutional investors.
Dassault Systèmes Company Profile
Dassault Systèmes SE provides software solutions and services worldwide. It offers SOLIDWORKS design software for 3D design, electrical and printed circuit board design, product data management, simulation, manufacturing, and technical communication; CATIA, an engineering and design software for product 3D computer-aided design; GEOVIA for modeling and simulating the earth; and BIOVIA that provides the scientific community with advanced biological, chemical, and materials experiences.
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