Dassault Systemes (DASTY) Releases Earnings Results, Beats Estimates By $0.02 EPS

Dassault Systemes (OTCMKTS:DASTY) released its earnings results on Wednesday. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.02, Morningstar.com reports. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. Dassault Systemes had a return on equity of 16.38% and a net margin of 16.05%. Dassault Systemes updated its FY 2019 guidance to $3.88-3.93 EPS.

Dassault Systemes stock opened at $156.26 on Friday. The company has a current ratio of 1.97, a quick ratio of 2.01 and a debt-to-equity ratio of 0.14. Dassault Systemes has a 1-year low of $109.24 and a 1-year high of $163.00. The company has a market capitalization of $41.31 billion, a P/E ratio of 47.64, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91.

Several institutional investors have recently bought and sold shares of DASTY. Glenmede Trust Co. NA boosted its position in Dassault Systemes by 36.7% during the third quarter. Glenmede Trust Co. NA now owns 2,982 shares of the technology company’s stock worth $445,000 after purchasing an additional 801 shares in the last quarter. Scout Investments Inc. boosted its position in Dassault Systemes by 10.1% during the fourth quarter. Scout Investments Inc. now owns 12,311 shares of the technology company’s stock worth $1,459,000 after purchasing an additional 1,126 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Dassault Systemes by 14.2% during the fourth quarter. Quadrant Capital Group LLC now owns 3,408 shares of the technology company’s stock worth $390,000 after purchasing an additional 423 shares in the last quarter. Sky Investment Group LLC boosted its position in Dassault Systemes by 12.2% during the fourth quarter. Sky Investment Group LLC now owns 8,170 shares of the technology company’s stock worth $959,000 after purchasing an additional 890 shares in the last quarter. Finally, Advisor Partners LLC boosted its position in Dassault Systemes by 34.4% during the fourth quarter. Advisor Partners LLC now owns 2,198 shares of the technology company’s stock worth $261,000 after purchasing an additional 562 shares in the last quarter. Hedge funds and other institutional investors own 0.17% of the company’s stock.

A number of research firms recently weighed in on DASTY. KeyCorp began coverage on Dassault Systemes in a research note on Wednesday, April 10th. They issued a “sector weight” rating on the stock. Zacks Investment Research downgraded Dassault Systemes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 9th.

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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.

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Earnings History for Dassault Systemes (OTCMKTS:DASTY)

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