Dassault Systemes SA (OTCMKTS:DASTY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday. The firm presently has a $98.00 target price on the stock. Zacks Investment Research’s target price would indicate a potential upside of 11.97% from the company’s previous close.

According to Zacks, “Dassault Systemes is a worldwide recognized leader in CAD/CAM/CAE and PDM II markets. The company’s mission to provide solutions to enable customers to build their digital enterprise, by defining, simulating, managing and optimizing concurrently product, manufacturing process, and resources. In this virtual space, customers create innovative, high quality, safe and affordable products. The company delivers scaleable process and design-centric solutions on both Unix and Windows NT environments. “

Separately, Societe Generale raised shares of Dassault Systemes SA from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Dassault Systemes SA currently has a consensus rating of “Hold” and a consensus target price of $98.00.

Shares of Dassault Systemes SA (OTCMKTS:DASTY) opened at 87.52 on Tuesday. The firm’s 50-day moving average is $84.72 and its 200 day moving average is $79.72. The company has a market cap of $22.23 billion, a price-to-earnings ratio of 47.67 and a beta of 0.97. Dassault Systemes SA has a 1-year low of $69.90 and a 1-year high of $87.78.

Institutional investors have recently added to or reduced their stakes in the stock. World Asset Management Inc raised its position in Dassault Systemes SA by 8.4% in the second quarter. World Asset Management Inc now owns 15,888 shares of the company’s stock worth $1,205,000 after buying an additional 1,226 shares in the last quarter. Fisher Asset Management LLC raised its position in Dassault Systemes SA by 1.8% in the first quarter. Fisher Asset Management LLC now owns 97,109 shares of the company’s stock worth $7,786,000 after buying an additional 1,701 shares in the last quarter. Glenmede Trust Co. NA raised its position in Dassault Systemes SA by 80.2% in the second quarter. Glenmede Trust Co. NA now owns 1,899 shares of the company’s stock worth $143,000 after buying an additional 845 shares in the last quarter. Blair William & Co. IL raised its position in Dassault Systemes SA by 9.0% in the second quarter. Blair William & Co. IL now owns 3,561 shares of the company’s stock worth $270,000 after buying an additional 293 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in Dassault Systemes SA by 40.5% in the second quarter. Sterling Capital Management LLC now owns 3,734 shares of the company’s stock worth $283,000 after buying an additional 1,076 shares in the last quarter. 0.18% of the stock is currently owned by institutional investors.

About Dassault Systemes SA

Dassault Systemes SA provides end-to-end software, content and services, designed to support companies’ innovation processes. The Company’s software applications and services encompass three principal spheres: Product-Sphere, Geo-Sphere and Bio- Sphere. The Company’s products and services include CATIA, 3D CAD design software; SOLIDWORKS, 3D design software; ENOVIA, collaborative innovation solution; DELMIA, global industrial operations software; SIMULIA, finite element analysis (FEA) FEM and simulation software; GEOVIA, a natural resources 3D modeling and simulation software; EXALEAD, information intelligence, search-based applications and semantic software; 3DVIA, 3D space planning software; BIOVIA, a chemical research and material science research and development software; NETVIBES is dashboard intelligence, data systems software, and 3DEXCITE, 3D visualization software.

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