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

Dassault Systemes (OTCMKTS:DASTY) was downgraded by research analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

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

Dassault Systemes Stock Performance

Shares of DASTY opened at $21.23 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $25.64 and a two-hundred day simple moving average of $28.64. The stock has a market cap of $28.48 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 5.94 and a beta of 1.01. Dassault Systemes has a 52 week low of $19.18 and a 52 week high of $44.18.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Dassault Systemes stock. Douglass Winthrop Advisors LLC acquired a new stake in Dassault Systemes SA (OTCMKTS:DASTY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 87,451 shares of the technology company’s stock, valued at approximately $2,442,000. 0.03% of the stock is currently owned by institutional investors and hedge funds.

Dassault Systemes Company Profile

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.