Dassault Systemes (OTCMKTS:DASTY) Downgraded by Zacks Investment Research
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. “
DASTY has been the subject of several other reports. Jefferies Financial Group started coverage on shares of Dassault Systemes in a report on Monday, July 22nd. They set a “hold” rating for the company. ValuEngine lowered shares of Dassault Systemes from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $147.00.
A number of hedge funds have recently made changes to their positions in DASTY. Advisor Partners LLC boosted its holdings in shares of Dassault Systemes by 5.9% in the 2nd quarter. Advisor Partners LLC now owns 2,502 shares of the technology company’s stock valued at $400,000 after buying an additional 139 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Dassault Systemes in the 2nd quarter valued at about $25,000. Dougherty Wealth Advisers LLC acquired a new position in shares of Dassault Systemes in the 2nd quarter valued at about $48,000. Sky Investment Group LLC boosted its holdings in shares of Dassault Systemes by 6.9% in the 2nd quarter. Sky Investment Group LLC now owns 8,715 shares of the technology company’s stock valued at $1,395,000 after buying an additional 565 shares during the period. Finally, Hartwell J M Limited Partnership boosted its holdings in shares of Dassault Systemes by 53.2% in the 2nd quarter. Hartwell J M Limited Partnership now owns 3,217 shares of the technology company’s stock valued at $515,000 after buying an additional 1,117 shares during the period. 0.19% of the stock is owned by institutional investors.
About Dassault Systemes
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.
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