Dassault Systemes SA (OTCMKTS:DASTY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday, June 8th. The brokerage currently has a $105.00 price target on the technology company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 13.96% from the company’s previous close.

According to Zacks, “Dassault Systemes is a worldwide recognized leader in CAD/CAM/CAE and PDM II markets. The company’s mission to provide solutions to enable customers to build their digital enterprise, by defining, simulating, managing and optimizing concurrently product, manufacturing process, and resources. In this virtual space, customers create innovative, high quality, safe and affordable products. The company delivers scaleable process and design-centric solutions on both Unix and Windows NT environments. “

Shares of Dassault Systemes SA (OTCMKTS:DASTY) opened at 92.14 on Thursday. Dassault Systemes SA has a 12-month low of $70.74 and a 12-month high of $94.74. The stock has a 50 day moving average of $91.89 and a 200 day moving average of $83.39. The company has a market cap of $23.39 billion, a price-to-earnings ratio of 48.14 and a beta of 0.70.

Dassault Systemes SA (OTCMKTS:DASTY) last released its quarterly earnings results on Wednesday, April 26th. The technology company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.47 by $0.03. The company had revenue of $809.60 million for the quarter, compared to analyst estimates of $803.82 million. Dassault Systemes SA had a return on equity of 15.27% and a net margin of 14.17%. Equities research analysts predict that Dassault Systemes SA will post $3.04 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC raised its position in Dassault Systemes SA by 15.3% in the first quarter. Parametric Portfolio Associates LLC now owns 198,120 shares of the technology company’s stock valued at $17,182,000 after buying an additional 26,249 shares during the period. Sky Investment Group LLC raised its position in Dassault Systemes SA by 96.1% in the first quarter. Sky Investment Group LLC now owns 7,130 shares of the technology company’s stock valued at $618,000 after buying an additional 3,495 shares during the period. Eqis Capital Management Inc. raised its position in shares of Dassault Systemes SA by 70.5% in the first quarter. Eqis Capital Management Inc. now owns 7,097 shares of the technology company’s stock worth $615,000 after buying an additional 2,934 shares during the last quarter. Azimuth Capital Management LLC raised its position in shares of Dassault Systemes SA by 2.1% in the first quarter. Azimuth Capital Management LLC now owns 65,585 shares of the technology company’s stock worth $5,692,000 after buying an additional 1,365 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Dassault Systemes SA by 26.2% in the first quarter. Quadrant Capital Group LLC now owns 4,065 shares of the technology company’s stock worth $344,000 after buying an additional 844 shares during the last quarter. 0.18% of the stock is currently owned by hedge funds and other institutional investors.

About Dassault Systemes SA

Dassault Systemes S.E. operates as a holding company. The Company is engaged in the sale of software solutions. The Company is engaged in the development of various software solutions integrated in the 3DEXPERIENCE platform. The Company’s 3DEXPERIENCE portfolio consisted of three dimensional (3D) modeling applications, simulation applications creating virtual twins of products or production systems, social and collaborative applications, and information intelligence applications.

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