Dassault Systemes (DASTY) Earns Sector Weight Rating from Analysts at KeyCorp

Equities research analysts at KeyCorp initiated coverage on shares of Dassault Systemes (OTCMKTS:DASTY) in a research note issued on Wednesday, April 10th, The Fly reports. The brokerage set a “sector weight” rating on the technology company’s stock.

Separately, Zacks Investment Research raised shares of Dassault Systemes from a “hold” rating to a “buy” rating and set a $163.00 price target for the company in a report on Friday, February 8th.

DASTY stock traded down $0.85 during trading on Wednesday, hitting $151.70. The company had a trading volume of 15,455 shares, compared to its average volume of 7,479. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.97 and a quick ratio of 2.01. Dassault Systemes has a 12 month low of $109.24 and a 12 month high of $163.00. The stock has a market capitalization of $39.53 billion, a PE ratio of 46.25, a price-to-earnings-growth ratio of 2.84 and a beta of 0.92.

Dassault Systemes (OTCMKTS:DASTY) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Dassault Systemes had a net margin of 16.89% and a return on equity of 17.25%. As a group, equities analysts expect that Dassault Systemes will post 3.45 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in DASTY. Henry James International Management Inc. acquired a new position in shares of Dassault Systemes in the 3rd quarter valued at $1,010,000. Hartwell J M Limited Partnership acquired a new position in shares of Dassault Systemes in the 1st quarter valued at $312,000. Scout Investments Inc. grew its holdings in shares of Dassault Systemes by 10.1% in the 4th quarter. Scout Investments Inc. now owns 12,311 shares of the technology company’s stock valued at $1,459,000 after buying an additional 1,126 shares during the period. Sky Investment Group LLC boosted its stake in Dassault Systemes by 12.2% in the 4th 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 during the period. Finally, Glenmede Trust Co. NA boosted its stake in Dassault Systemes by 36.7% in the 3rd 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 during the period. 0.18% 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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