Dassault Systemes SA (OTCMKTS:DASTY) Downgraded by Zacks Investment Research

Dassault Systemes SA (OTCMKTS:DASTY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday, July 3rd.

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. “

Dassault Systemes SA (OTCMKTS:DASTY) traded up 0.86% during mid-day trading on Monday, hitting $97.40. The stock had a trading volume of 41,965 shares. Dassault Systemes SA has a 12-month low of $72.13 and a 12-month high of $97.72.

Dassault Systemes SA (OTCMKTS:DASTY) last released its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.61 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.61. Dassault Systemes SA had a net margin of 14.63% and a return on equity of 15.05%. The company had revenue of $886.87 million during the quarter, compared to analysts’ expectations of $935.89 million. Equities analysts forecast that Dassault Systemes SA will post $3.04 EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake 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 in the last quarter. Eqis Capital Management Inc. boosted 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. Sky Investment Group LLC boosted its position in shares of 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 worth $618,000 after buying an additional 3,495 shares during the last quarter. World Asset Management Inc boosted its position in shares of Dassault Systemes SA by 1.6% in the first quarter. World Asset Management Inc now owns 16,025 shares of the technology company’s stock worth $1,391,000 after buying an additional 250 shares during the last quarter. Finally, Horrell Capital Management Inc. boosted its position in shares of Dassault Systemes SA by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 54,520 shares of the technology company’s stock worth $4,731,000 after buying an additional 200 shares during the last quarter. 0.18% of the stock is owned by institutional investors.

Dassault Systemes SA Company Profile

Dassault Systemes SE is a France-based company that operates as a holding. 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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