Dassault Systemes (DASTY) Upgraded to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Dassault Systemes (OTCMKTS:DASTY) from a hold rating to a buy rating in a research note published on Friday morning. Zacks Investment Research currently has $132.00 target price 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. “
A number of other research firms also recently weighed in on DASTY. HSBC reiterated a hold rating on shares of Dassault Systemes in a research report on Wednesday, January 24th. BNP Paribas upgraded shares of Dassault Systemes from a neutral rating to an outperform rating in a research report on Friday, January 12th. Finally, Societe Generale downgraded shares of Dassault Systemes from a buy rating to a hold rating in a research report on Thursday, October 26th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Dassault Systemes has an average rating of Buy and an average price target of $132.00.
Dassault Systemes (OTCMKTS:DASTY) last released its quarterly earnings results on Thursday, February 1st. The technology company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.13. Dassault Systemes had a net margin of 16.22% and a return on equity of 16.17%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. sell-side analysts anticipate that Dassault Systemes will post 3.28 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eqis Capital Management Inc. raised its position in shares of Dassault Systemes by 17.2% in the third quarter. Eqis Capital Management Inc. now owns 10,457 shares of the technology company’s stock valued at $1,055,000 after buying an additional 1,535 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Dassault Systemes by 2.1% in the third quarter. Parametric Portfolio Associates LLC now owns 217,025 shares of the technology company’s stock valued at $21,885,000 after buying an additional 4,565 shares in the last quarter. Lenox Wealth Management Inc. raised its position in shares of Dassault Systemes by 31.8% in the third quarter. Lenox Wealth Management Inc. now owns 8,568 shares of the technology company’s stock valued at $863,000 after buying an additional 2,067 shares in the last quarter. Finally, Horrell Capital Management Inc. raised its position in shares of Dassault Systemes by 2.0% in the fourth quarter. Horrell Capital Management Inc. now owns 57,282 shares of the technology company’s stock valued at $6,094,000 after buying an additional 1,142 shares in the last quarter. Institutional investors own 0.18% of the company’s stock.
Dassault Systemes 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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