Zacks Investment Research upgraded shares of Dassault Systemes (OTCMKTS:DASTY) from a hold rating to a buy rating in a report issued on Thursday, Zacks.com reports. The firm currently has $189.00 price target on the technology company’s stock.

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, Goldman Sachs Group began coverage on shares of Dassault Systemes in a research note on Thursday, December 5th. They set a buy rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $161.50.

Shares of DASTY stock traded down $1.09 during trading on Thursday, reaching $167.45. 7,404 shares of the company’s stock traded hands, compared to its average volume of 17,019. The company has a market capitalization of $43.59 billion, a P/E ratio of 64.08 and a beta of 1.01. The company has a current ratio of 4.20, a quick ratio of 4.20 and a debt-to-equity ratio of 0.69. The firm’s 50-day moving average is $171.19 and its 200 day moving average is $154.91. Dassault Systemes has a 1 year low of $136.26 and a 1 year high of $181.20.

Several hedge funds have recently made changes to their positions in DASTY. MAI Capital Management purchased a new stake in shares of Dassault Systemes during the 4th quarter valued at approximately $489,000. Quadrant Capital Group LLC lifted its stake in shares of Dassault Systemes by 56.3% during the 4th quarter. Quadrant Capital Group LLC now owns 5,988 shares of the technology company’s stock valued at $970,000 after buying an additional 2,156 shares in the last quarter. Sky Investment Group LLC increased its holdings in Dassault Systemes by 15.5% during the 3rd quarter. Sky Investment Group LLC now owns 10,070 shares of the technology company’s stock worth $1,427,000 after acquiring an additional 1,355 shares during the period. Finally, Azimuth Capital Management LLC increased its holdings in Dassault Systemes by 2.6% during the 4th quarter. Azimuth Capital Management LLC now owns 35,100 shares of the technology company’s stock worth $5,774,000 after acquiring an additional 895 shares during the period. Institutional investors own 0.22% of the company’s stock.

Dassault Systemes Company Profile

Dassault Systèmes SE provides software solutions and services worldwide. The company 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 (CAD); GEOVIA, which models and simulates the earth; and BIOVIA that provides the scientific community with advanced biological, chemical, and materials experiences.

Recommended Story: How can you know how many shares are floating?

Get a free copy of the Zacks research report on Dassault Systemes (DASTY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Dassault Systemes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dassault Systemes and related companies with MarketBeat.com's FREE daily email newsletter.