Zacks Investment Research upgraded shares of Dassault Systemes (OTCMKTS:DASTY) from a sell rating to a hold rating in a research report report published on Tuesday morning.

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. “

Separately, ValuEngine cut shares of Dassault Systemes from a strong-buy rating to a buy rating in a research report on Thursday, November 1st.

DASTY opened at $121.94 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.46 and a quick ratio of 2.46. Dassault Systemes has a 52 week low of $104.00 and a 52 week high of $163.00. The firm has a market cap of $31.68 billion, a price-to-earnings ratio of 38.96, a price-to-earnings-growth ratio of 2.59 and a beta of 0.92.

Dassault Systemes (OTCMKTS:DASTY) last announced its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The company had revenue of $961.32 million for the quarter, compared to analysts’ expectations of $962.56 million. Dassault Systemes had a net margin of 17.03% and a return on equity of 16.60%. Equities analysts expect that Dassault Systemes will post 3 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Azimuth Capital Management LLC boosted its position in shares of Dassault Systemes by 1.1% during the second quarter. Azimuth Capital Management LLC now owns 38,175 shares of the technology company’s stock worth $5,349,000 after purchasing an additional 400 shares in the last quarter. Advisor Partners LLC bought a new position in shares of Dassault Systemes during the third quarter worth $245,000. Finally, Cypress Capital Management LLC bought a new position in shares of Dassault Systemes during the second quarter worth $1,107,000. 0.18% of the stock is currently owned by institutional investors.

Dassault Systemes Company Profile

Dassault Systèmes SE provides software applications and services worldwide. The company offers SOLIDWORKS 3D design software for 3D and electrical design, simulation, product data management, and technical communication; CATIA, an engineering and design software for product 3D computer-aided design (CAD); GEOVIA, which models and simulates the earth; and BIOVIA that provides a scientific collaborative environment for biological formulated products and advanced materials.

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