Dassault Systèmes (OTCMKTS:DASTY) Upgraded to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Dassault Systèmes (OTCMKTS:DASTY) to a strong-buy rating in a report issued on Friday morning,Zacks.com reports.

Separately, Berenberg Bank upgraded shares of Dassault Systèmes from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd.

Dassault Systèmes Price Performance

Shares of DASTY opened at $36.73 on Friday. The company has a market cap of $49.25 billion, a P/E ratio of 37.48, a PEG ratio of 3.83 and a beta of 1.01. Dassault Systèmes has a fifty-two week low of $32.85 and a fifty-two week high of $44.18. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average price is $37.36 and its 200 day moving average price is $37.97.

Dassault Systèmes Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 26th. Shareholders of record on Friday, May 23rd will be paid a $0.222 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a dividend yield of 0.58%. Dassault Systèmes’s dividend payout ratio (DPR) is 22.92%.

Hedge Funds Weigh In On Dassault Systèmes

Institutional investors have recently modified their holdings of the business. Riverbridge Partners LLC acquired a new position in shares of Dassault Systèmes in the first quarter worth $206,000. Rhumbline Advisers grew its stake in shares of Dassault Systèmes by 18.9% in the first quarter. Rhumbline Advisers now owns 20,836 shares of the technology company’s stock worth $795,000 after acquiring an additional 3,306 shares in the last quarter. Boston Common Asset Management LLC grew its stake in shares of Dassault Systèmes by 38.0% during the first quarter. Boston Common Asset Management LLC now owns 40,184 shares of the technology company’s stock worth $1,517,000 after purchasing an additional 11,066 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC grew its stake in shares of Dassault Systèmes by 27.5% during the first quarter. Azimuth Capital Investment Management LLC now owns 120,425 shares of the technology company’s stock worth $4,545,000 after purchasing an additional 25,988 shares in the last quarter. Institutional investors and hedge funds own 0.03% of the company’s stock.

About Dassault Systèmes

Dassault Systèmes SE provides software solutions and services worldwide. It offers SOLIDWORKS provides easy-to-use 2D and 3D product development solutions accessible to any business; CATIA, an engineering and design software for product 3D computer-aided design; GEOVIA for intersection of natural resources, infrastructure, and urban planning; and BIOVIA that develops chemicals, biologics, and materials experiences.