Dassault Systèmes (OTCMKTS:DASTY) Price Target Lowered to €54.00 at JPMorgan Chase & Co.

Dassault Systèmes (OTCMKTS:DASTYGet Rating) had its price objective lowered by equities research analysts at JPMorgan Chase & Co. from €58.00 ($62.37) to €54.00 ($58.06) in a research note issued to investors on Friday, The Fly reports.

DASTY has been the subject of a number of other research reports. Berenberg Bank assumed coverage on Dassault Systèmes in a research note on Friday, February 18th. They set a “buy” rating for the company. Societe Generale upgraded Dassault Systèmes from a “hold” rating to a “buy” rating in a research note on Friday, February 4th. Morgan Stanley cut their price target on Dassault Systèmes from €61.00 ($65.59) to €53.00 ($56.99) in a research note on Monday, March 28th. Barclays upgraded Dassault Systèmes from an “equal weight” rating to an “overweight” rating in a research note on Thursday. Finally, Zacks Investment Research downgraded Dassault Systèmes from a “hold” rating to a “sell” rating in a research note on Thursday, April 21st. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $55.75.

DASTY stock opened at $45.21 on Friday. The stock has a 50-day moving average price of $46.76 and a 200-day moving average price of $52.59. Dassault Systèmes has a 1-year low of $40.75 and a 1-year high of $64.00. The company has a current ratio of 1.36, a quick ratio of 1.39 and a debt-to-equity ratio of 0.48. The firm has a market cap of $60.46 billion, a PE ratio of 63.86, a price-to-earnings-growth ratio of 4.06 and a beta of 0.90.

Dassault Systèmes (OTCMKTS:DASTYGet Rating) last issued its earnings results on Thursday, February 3rd. The technology company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Dassault Systèmes had a net margin of 15.91% and a return on equity of 18.25%. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.54 billion. On average, analysts forecast that Dassault Systèmes will post 1.03 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Sustainable Growth Advisers LP raised its holdings in Dassault Systèmes by 400.0% during the 3rd quarter. Sustainable Growth Advisers LP now owns 210,015 shares of the technology company’s stock valued at $11,067,000 after acquiring an additional 168,012 shares during the period. Boston Common Asset Management LLC raised its holdings in Dassault Systèmes by 374.2% during the 3rd quarter. Boston Common Asset Management LLC now owns 72,162 shares of the technology company’s stock valued at $3,802,000 after acquiring an additional 56,945 shares during the period. Sky Investment Group LLC raised its holdings in Dassault Systèmes by 383.7% during the 3rd quarter. Sky Investment Group LLC now owns 47,500 shares of the technology company’s stock valued at $2,503,000 after acquiring an additional 37,680 shares during the period. Henry James International Management Inc. raised its holdings in Dassault Systèmes by 6.9% during the 4th quarter. Henry James International Management Inc. now owns 25,932 shares of the technology company’s stock valued at $1,548,000 after acquiring an additional 1,685 shares during the period. Finally, Captrust Financial Advisors raised its holdings in Dassault Systèmes by 394.7% during the 3rd quarter. Captrust Financial Advisors now owns 23,709 shares of the technology company’s stock valued at $1,249,000 after acquiring an additional 18,916 shares during the period. Institutional investors and hedge funds own 0.20% of the company’s stock.

Dassault Systèmes Company Profile (Get Rating)

Dassault Systèmes SE provides software solutions and services worldwide. It 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; GEOVIA for modeling and simulating the earth; and BIOVIA that provides the scientific community with advanced biological, chemical, and materials experiences.

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