Azimuth Capital Management LLC lessened its holdings in shares of Dassault Systemes SE (OTCMKTS:DASTY) by 14.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,335 shares of the technology company’s stock after selling 5,600 shares during the period. Azimuth Capital Management LLC’s holdings in Dassault Systemes were worth $4,969,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Private Capital Group LLC lifted its holdings in Dassault Systemes by 44.9% in the first quarter. Private Capital Group LLC now owns 300 shares of the technology company’s stock valued at $45,000 after buying an additional 93 shares during the period. Advisor Partners LLC lifted its holdings in Dassault Systemes by 34.4% in the fourth quarter. Advisor Partners LLC now owns 2,198 shares of the technology company’s stock valued at $261,000 after buying an additional 562 shares during the period. Hartwell J M Limited Partnership acquired a new position in Dassault Systemes in the first quarter valued at $312,000. Quadrant Capital Group LLC lifted its holdings in Dassault Systemes by 10.9% in the first quarter. Quadrant Capital Group LLC now owns 3,781 shares of the technology company’s stock valued at $555,000 after buying an additional 373 shares during the period. Finally, Thomas White International Ltd. lifted its holdings in Dassault Systemes by 39.4% in the first quarter. Thomas White International Ltd. now owns 22,882 shares of the technology company’s stock valued at $3,411,000 after buying an additional 6,464 shares during the period. Institutional investors own 0.19% of the company’s stock.
Dassault Systemes stock traded down $1.31 during midday trading on Wednesday, hitting $158.24. 7,269 shares of the stock were exchanged, compared to its average volume of 19,617. Dassault Systemes SE has a 52-week low of $109.24 and a 52-week high of $163.00. The company has a market capitalization of $41.48 billion, a PE ratio of 48.24, a price-to-earnings-growth ratio of 2.96 and a beta of 0.94. The stock’s 50-day simple moving average is $153.25. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.13.
Dassault Systemes (OTCMKTS:DASTY) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.02. Dassault Systemes had a net margin of 16.89% and a return on equity of 16.90%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.06 billion. As a group, analysts predict that Dassault Systemes SE will post 3.45 EPS for the current year.
Several equities research analysts have weighed in on the stock. KeyCorp assumed coverage on shares of Dassault Systemes in a research note on Wednesday, April 10th. They issued a “sector weight” rating for the company. Zacks Investment Research downgraded shares of Dassault Systemes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Finally, Goldman Sachs Group raised shares of Dassault Systemes from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 5th.
Dassault Systemes Profile
Dassault Systèmes SE provides software solutions and services worldwide. The company 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 (CAD); GEOVIA, which models and simulates the earth; and BIOVIA that provides the scientific community with advanced biological, chemical, and materials experiences.
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