Dassault Systemes (OTCMKTS:DASTY) Cut to Hold at The Goldman Sachs Group

The Goldman Sachs Group cut shares of Dassault Systemes (OTCMKTS:DASTY) from a strong-buy rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Citigroup reissued a “neutral” rating on shares of Dassault Systemes in a report on Friday, February 20th. Rothschild & Co Redburn upgraded shares of Dassault Systemes to a “hold” rating in a research report on Friday, January 9th. Finally, Kepler Capital Markets upgraded shares of Dassault Systemes to a “strong-buy” rating in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Dassault Systemes Stock Up 2.4%

OTCMKTS DASTY opened at $21.74 on Tuesday. The business has a fifty day moving average price of $25.52 and a two-hundred day moving average price of $28.60. The stock has a market capitalization of $29.17 billion, a PE ratio of 21.52, a PEG ratio of 5.85 and a beta of 1.01. Dassault Systemes has a fifty-two week low of $19.18 and a fifty-two week high of $44.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 1.55.

Institutional Trading of Dassault Systemes

A hedge fund recently raised its stake in Dassault Systemes stock. GAMMA Investing LLC boosted its stake in shares of Dassault Systemes SA (OTCMKTS:DASTY) by 49.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,866 shares of the technology company’s stock after buying an additional 951 shares during the quarter. GAMMA Investing LLC’s holdings in Dassault Systemes were worth $80,000 as of its most recent SEC filing. 0.03% of the stock is owned by institutional investors and hedge funds.

About Dassault Systemes

Dassault Systèmes is a France-based software company that develops solutions for 3D design, digital mock-up and product lifecycle management (PLM). Founded as a technology spin-off from Dassault Aviation in 1981, the company is headquartered near Paris and has grown into a global provider of engineering and business software used to model, simulate and manage products and processes across their lifecycles. Its platforms and applications are aimed at enabling digital continuity from ideation and design through manufacturing, operation and service.

The company’s product portfolio centers on the 3DEXPERIENCE platform, which integrates applications for computer-aided design (CAD), simulation, data management and collaboration.