Dassault Systemes SA (DASTY) Rating Lowered to Sell at Zacks Investment Research
Dassault Systemes SA (OTCMKTS:DASTY) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research report issued on Tuesday.
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, Societe Generale cut Dassault Systemes SA from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th.
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Several hedge funds and other institutional investors have recently modified their holdings of DASTY. Trent Capital Management Inc. NC acquired a new stake in shares of Dassault Systemes SA in the second quarter valued at $254,000. Lenox Wealth Management Inc. acquired a new stake in shares of Dassault Systemes SA in the second quarter valued at $584,000. Eqis Capital Management Inc. increased its stake in shares of Dassault Systemes SA by 25.7% in the second quarter. Eqis Capital Management Inc. now owns 8,922 shares of the technology company’s stock valued at $798,000 after buying an additional 1,825 shares in the last quarter. Horrell Capital Management Inc. increased its stake in shares of Dassault Systemes SA by 2.5% in the second quarter. Horrell Capital Management Inc. now owns 55,882 shares of the technology company’s stock valued at $5,003,000 after buying an additional 1,362 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Dassault Systemes SA by 1.4% in the second quarter. Fisher Asset Management LLC now owns 59,548 shares of the technology company’s stock valued at $5,331,000 after buying an additional 841 shares in 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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