Dassault Systemes Stock (OTC:DASTY), Trade Ideas

Dassault Systemes

DASSAULT SYSTEME A

Dassault Systèmes is a leading provider of computer-assisted design and product lifecycle management software, serving customers like Boeing and Tesla throughout the production process. The company's top line largely depends on the transportation and mobility, industrial equipment, and aerospace and defense industries.

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General

DASTY

Embraer-Empresa Brasileira De Aeronautica

EVEX

Embraer SA partners with Dassault Systemes SE to utilize advanced simulation technology for Eve Air Mobility&#39;s electric vertical take-off and landing (eVTOL) aircraft. Dassault Systèmes&#39; SIMULIA PowerFLOW application enables precise fluid dynamics simulations, aiding in crucial decision-making regarding flight dynamics and sound emissions testing.

Embraer Deploys Dassault&#39;s Simulation Technology For Eve Air Mobility: Details

Earnings

Guidance

Tech

Dassault Clocks 11% Revenue Growth In Q2

Dassault Systemes Clocks 8% Revenue Growth In Q1, Expands Margins

DASSAULT SYSTEMES SA ADR by Dassault Systemes SA

Dassault Systemes SE

Embraer S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>) has selected Dassault Systemes SA&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DASTY#OTC">DASTY</a>) simulation technology to simulate, analyze and test virtually Eve Holding, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVEX#NYSE">EVEX</a>) Eve Air Mobility&#8217;s electric vertical take-off and landing (eVTOL) aircraft.
Dassault&#8217;s SIMULIA PowerFLOW application provides fluid dynamics simulation to predict real-world operating conditions, helping Embraer and Eve&#8217;s engineers to decide how the aircraft flies and test its sound emission.
&#8220;One of the main advantages of eVTOL aircraft is that they are electrically powered and a more sustainable option than combustion-powered aircraft. However, they are meant to operate in urban areas, making noise reduction a key driver in their design,&#8221; said David Ziegler, Vice President, Aerospace &amp; Defense Industry, Dassault Systèmes.
Embraer has been collaborating with Eve along with global partners to provide more reliable, affordable, sustainable, integrated and human-centric Urban Air Mobility (UAM) solutions.
In July 2023, Embraer and Eve announced that Eve&#8217;s first eVTOL production facility will be located in the city of Taubaté, in the state of São Paulo, Brazil.
Eve&#8217;s eVTOL is scheduled to begin deliveries and enter into service in 2026.
Price Action: ERJ shares closed higher by 0.94% at $21.44 on Wednesday.

Embraer Deploys Dassault's Simulation Technology For Eve Air Mobility: Details

February 1st, 2024: BMW Group Partners with Dassault Syst&egrave;mes to Bring&nbsp;3DEXPERIENCE to Its Future Engineering Platform

BMWYY

BMW Group Partners with Dassault Systèmes to Bring 3DEXPERIENCE to Its Future Engineering Platform

Financial Objectives for 2024
Dassault Syst&egrave;mes&rsquo; first quarter and 2024 financial objectives presented below are given on a non-IFRS basis and reflect the principal 2024 currency exchange rate assumptions for the US dollar and Japanese yen as well as the potential impact from additional non-Euro currencies:
<table align="center">
<tbody>
<tr>
<td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>Q1 2024</td>
<td>FY 2024</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td colspan="2">Total Revenue (billion)</td>
<td>&euro;1.490 - &euro;1.515</td>
<td>&euro;6.350 - &euro;6.425</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td colspan="2">Growth</td>
<td>4 - 6%</td>
<td>7 - 8%</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td colspan="2">Growth ex FX</td>
<td>7 - 8%</td>
<td>8 - 10%</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td colspan="2">Software revenue growth &#x2A;</td>
<td>7 - 9%</td>
<td>8 - 10%</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>Of which licenses and other software revenue growth &#x2A;</td>
<td>(3) - 2%</td>
<td>(1) - 3%</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>Of which recurring revenue growth &#x2A;</td>
<td>9 - 10%</td>
<td>10 - 11%</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td colspan="2">Services revenue growth &#x2A;</td>
<td>4 - 5%</td>
<td>9 - 10%</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td colspan="2">Operating Margin</td>
<td>30.6% - 30.7%</td>
<td>32.5% - 32.8%</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td colspan="2">EPS Diluted</td>
<td>&euro;0.29 - &euro;0.30</td>
<td>&euro;1.29 - &euro;1.31</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td colspan="2">Growth</td>
<td>5 &ndash; 7%</td>
<td>7 - 10%</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td colspan="2">Growth ex FX</td>
<td>10 - 11%</td>
<td>10 - 12%</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td colspan="2">US dollar</td>
<td>$1.10 per Euro</td>
<td>$1.10 per Euro</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td colspan="2">Japanese yen (before hedging)</td>
<td>JPY 155.0 per Euro</td>
<td>JPY 155.0 per Euro</td>
</tr>
</tbody>
</table>

Dassault Systemes Projects Q1 Revenue of $1.64B-$1.67B Vs $1.67B Est and EPS of $0.32-$0.33 Vs $0.32 Est, FY24 Revenue of $6.99B-$7.07B Vs $7.04B Est and EPS of $1.42-$1.44 Vs $1.4 Est

Dassault Systemes (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DASTY#OTC">DASTY</a>) reported quarterly earnings of $0.39 per share which missed the analyst consensus estimate of $0.40 by 2.75 percent. This is a 11.14 percent increase over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $1.77 billion which missed the analyst consensus estimate of $1.82 billion by 2.48 percent. This is a 9.76 percent increase over sales of $1.62 billion the same period last year.

Dassault Systemes Q4 Adj EPS $0.39 Misses $0.40 Estimate, Sales $1.77B Miss $1.82B Estimate

&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Q3 2023 FY 2023 &nbsp; Total Revenue (billion) &euro;1.402 - &euro;1.424 &euro;5.940 - &euro;5.990 &nbsp; Growth 2 - 4% 5 - 6% &nbsp; Growth ex FX 8 - 10% 8 - 9% &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Software revenue growth &#x2A; 9 - 10% 8 - 9% &nbsp; &nbsp; Of which licenses and other software revenue growth &#x2A; 6 - 10% 2 - 5% &nbsp; &nbsp; Of which recurring revenue growth &#x2A; ~ 10% 10 - 11% &nbsp; Services revenue growth &#x2A; 2 - 5% &nbsp;5 - 7% &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Operating Margin 30.2% - 30.5% 32.3% - 32.6% &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;EPS Diluted &euro;0.26 - &euro;0.27 &euro;1.18 - &euro;1.20 &nbsp; Growth &nbsp;1 - 3% 4 - 6% &nbsp; Growth ex FX 8 - 10% 8 - 10% &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;US dollar $1.10 per Euro $1.09 per Euro &nbsp; Japanese yen (before hedging) JPY 140.0 per Euro JPY 142.9 per Euro&nbsp;

Dassault Systemes Reaffirms Its FY23 Guidance, Sees EPS Of €1.18-€1.20; And Revenue Of €5.94B-€5.99B; For Q3 Sees Revenue Of €1.402-€1.424 And EPS Of €0.26-€0.27

Dassault Systemes (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DASTY#OTC">DASTY</a>) reported quarterly earnings of $0.30 per share which beat the analyst consensus estimate of $0.30 by 1.67 percent. This is a 8.93 percent increase over earnings of $0.28 per share from the same period last year. The company reported quarterly sales of $1.58 billion which missed the analyst consensus estimate of $1.64 billion by 3.66 percent. This is a 7.12 percent increase over sales of $1.48 billion the same period last year.

Dassault Systemes Q2 EPS $0.30 Beats $0.30 Estimate, Sales $1.58B Miss $1.64B Estimate

Dassault Systemes (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DASTY#OTC">DASTY</a>) is set to give its latest quarterly earnings report on Wednesday, 2022-10-26. Here's what investors need to know before the announcement.
Analysts estimate that Dassault Systemes will report an earnings per share (EPS) of $0.25. 
Dassault Systemes bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at Dassault Systemes's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2022</th>
<th>Q1 2022</th>
<th>Q4 2021</th>
<th>Q3 2021</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td></td>
<td>0.33</td>
<td></td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.28</td>
<td>0.30</td>
<td>0.33</td>
<td>0.26</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.17%</td>
<td>6.18%</td>
<td>4.4%</td>
<td>-0.31%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Dassault Systemes were trading at $34.58 as of October 24. Over the last 52-week period, shares are down 33.2%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/DASTY/earnings">To track all earnings releases for Dassault Systemes visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Dassault Systemes

<ul>
<li>Dassault Systemes SA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dasty#OTC">DASTY</a>)&nbsp;<a class="editor-rtfLink" href="https://www.3ds.com/assets/invest/2022-07/2q22_earnings-pr_va.pdf" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reported second-quarter</a>&nbsp;FY22 revenue growth of 11% in CC year-on-year to &euro;1.38 billion.</li>
<li>Software revenue grew 11% in CC to &euro;1.25 billion. Licenses and other software revenue increased 14% in CC Y/Y to &euro;271.6 million.&nbsp;</li>
<li>Services revenue increased 14% in CC. 3DEXPERIENCE software revenue increased 30% Y/Y, and Cloud software revenue grew 23% Y/Y.</li>
<li>The non-IFRS operating margin remained flattish at 32%.</li>
<li>The non-IFRS EPS grew 11% in CC to &euro;0.26.</li>
<li>Dassault generated &euro;417.3 million in operating cash flow and held &euro;3.16 billion in cash and equivalents.</li>
<li>Outlook:&nbsp;Dassault reaffirmed revenue growth of 9%-10% in CC.</li>
<li>Dassault raised its EPS growth outlook to &euro;1.08 - &euro;1.10 from &euro;1.04 - &euro;1.06.&nbsp;</li>
<li>Price Action:&nbsp;DASTY shares traded higher by 0.75% at $40.22 on the last check Tuesday.</li>
</ul>

<ul>
<li>Dassault Systemes SA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dasty#OTC">DASTY</a>)&nbsp;<a class="editor-rtfLink" href="https://investor.3ds.com/news-releases/news-release-details/dassault-systemes-raising-2022-eps-objectives-good-first-quarter" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reported first-quarter</a>&nbsp;FY22 revenue growth of 8% year-on-year to &euro;1.32 billion.</li>
<li>Software revenue grew 8% Y/Y to &euro;1.21 billion. Licenses and other software revenue increased 10% Y/Y to &euro;234.7 million.&nbsp;</li>
<li>Services revenue increased 9% Y/Y.&nbsp;3DEXPERIENCE revenue increased 21% Y/Y, and Cloud software revenue grew 21% Y/Y.</li>
<li>The non-IFRS operating margin expanded by 117 bps to 35%.</li>
<li>The non-IFRS EPS grew 20% Y/Y to &euro;0.27.</li>
<li>Dassault generated &euro;630 million in operating cash flow and held &euro;3.009 billion in cash and equivalents.</li>
<li>COO Pascal Daloz commented: &quot;Revenue growth was broad-based across geographies, product lines, and sectors, demonstrating the diversification we have achieved in our addressable markets as well as the quality of our execution.&quot;</li>
<li>Outlook:&nbsp;Dassault reaffirmed revenue growth of 9%-10% to &euro;5.355 billion - &euro;5.405 billion.</li>
<li>Dassault raised its EPS growth outlook to 9%-11% to &euro;1.04 - &euro;1.06.&nbsp;</li>
<li>Price Action:&nbsp;DASTY shares traded higher by 2.99% at $42.56 on the last check Wednesday.</li>
</ul>

As manufacturing enters a new era that includes utilizing growth of 3D printing, global emissions could be lessened.
A new study from Dassault Systemes SE (Pink: <a class="ticker" href="https://www.benzinga.com/stock/dasty#OTC">DASTY</a>) <a href="https://www.3ds.com/factory-of-the-future">highlights </a>the &ldquo;factory of the future.&rdquo;
What Happened: Disruption to manufacturing could have a big impact on global emissions. Items like resource planning, manufacturing planning and optimization can help provide updated factory items that can help companies move forward as demonstrated in&nbsp;the image below.
<img alt="infography-factory-of-the-future-rethink.jpg" src="https://www.benzinga.com/files/u223047/infography-factory-of-the-future-rethink.jpg" style="height:3000px; width:424px" />
Related Link<a href="https://www.benzinga.com/news/21/07/22232578/could-these-5-stocks-be-worth-500-billion-decades-from-now-twitter-users-think-so">: Could These 5 Stocks Be Worth $500 Billion Decades From Now? Twitter Users Think So</a>
Why It&rsquo;s Important: According to the study, using these planning items could eliminate 45% of global emissions.
As seen above, companies can use these steps laid out by Dassault to help create the factory of the future.
Digital visualization can help increase time to production from companies and utilize the cloud.
Using the methods can also help with supply and production demands and potential disruptions.
Ultimately, the benefits for companies on using a factory of the future could be multi-pronged with decreases in time of production, better insight into the supply chain and lower costs for the company.

Economics

Media

Building The Factory Of The Future: How Rethinking Items Could Help Eliminate Emissions (Infographic)

Upgrades

Downgrades

Initiation

Intraday Update

Analyst Ratings

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Benzinga's Top Ratings Upgrades, Downgrades For August 12, 2021

Redburn Partners analyst Neil Steer downgrades Dassault Systemes (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DASTY#OTC">DASTY</a>) from Buy to Neutral.

Redburn Partners Downgrades Dassault Systemes to Neutral

&nbsp;
<h2>Upgrades</h2>
<ul>
<li>According to Craig-Hallum, the prior rating for Gentherm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THRM#NASDAQ">THRM</a>) was changed from Hold to Buy. For the second quarter, Gentherm had an EPS of $0.85, compared to year-ago quarter EPS of $0.30. The current stock performance of Gentherm shows a 52-week-high of $83.99 and a 52-week-low of $38.19. Moreover, at the end of the last trading period, the closing price was at $81.48.</li>
<li>RBC Capital upgraded the previous rating for T-Mobile US Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) from Sector Perform to Outperform. In the second quarter, T-Mobile US showed an EPS of $0.78, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $150.20 and a 52-week-low of $104.54. T-Mobile US closed at $144.63 at the end of the last trading period.</li>
<li>Needham upgraded the previous rating for KLA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) from Hold to Buy. In the fourth quarter, KLA showed an EPS of $4.43, compared to $2.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $359.69 and a 52-week-low of $171.31. KLA closed at $319.43 at the end of the last trading period.</li>
<li>Piper Sandler upgraded the previous rating for Alexander &amp; Baldwin Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALEX#NYSE">ALEX</a>) from Neutral to Overweight. Alexander &amp; Baldwin earned $0.18 in the second quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $20.28 and a 52-week-low of $10.04. At the end of the last trading period, Alexander &amp; Baldwin closed at $19.35.</li>
<li>B of A Securities upgraded the previous rating for The Hartford Financial Services Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) from Neutral to Buy. In the second quarter, Hartford Finl Servs Gr showed an EPS of $2.33, compared to $1.22 from the year-ago quarter. The current stock performance of Hartford Finl Servs Gr shows a 52-week-high of $69.94 and a 52-week-low of $34.69. Moreover, at the end of the last trading period, the closing price was at $63.21.</li>
<li>For SPS Commerce Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>), Baird upgraded the previous rating of Neutral to Outperform. For the second quarter, SPS Commerce had an EPS of $0.46, compared to year-ago quarter EPS of $0.37. The stock has a 52-week-high of $118.06 and a 52-week-low of $70.15. At the end of the last trading period, SPS Commerce closed at $100.37.</li>
<li>According to Citigroup, the prior rating for GreenSky Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSKY#NASDAQ">GSKY</a>) was changed from Sell to Neutral. In the second quarter, GreenSky showed an EPS of $0.25, compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $7.40 and a 52-week-low of $3.34. At the end of the last trading period, GreenSky closed at $6.28.</li>
<li>According to JP Morgan, the prior rating for Ashland Global Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASH#NYSE">ASH</a>) was changed from Underweight to Neutral. For the third quarter, Ashland Global Holdings had an EPS of $1.22, compared to year-ago quarter EPS of $0.84. At the moment, the stock has a 52-week-high of $95.96 and a 52-week-low of $66.95. Ashland Global Holdings closed at $84.91 at the end of the last trading period.</li>
<li>For Gibraltar Industries Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROCK#NASDAQ">ROCK</a>), Keybanc upgraded the previous rating of Sector Weight to Overweight. In the first quarter, Gibraltar Industries showed an EPS of $0.53, compared to $0.47 from the year-ago quarter. The stock has a 52-week-high of $103.02 and a 52-week-low of $50.43. At the end of the last trading period, Gibraltar Industries closed at $73.80.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>
&nbsp;
<h2>Downgrades</h2>
<ul>
<li>For Citrix Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTXS#NASDAQ">CTXS</a>), Barclays downgraded the previous rating of Overweight to Underweight. In the second quarter, Citrix Systems showed an EPS of $1.24, compared to $1.53 from the year-ago quarter. The stock has a 52-week-high of $148.47 and a 52-week-low of $94.66. At the end of the last trading period, Citrix Systems closed at $99.00.</li>
<li>For Pinterest Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>), JP Morgan downgraded the previous rating of Overweight to Neutral. In the second quarter, Pinterest showed an EPS of $0.25, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $89.90 and a 52-week-low of $24.24. At the end of the last trading period, Pinterest closed at $72.04.</li>
<li>According to Goldman Sachs, the prior rating for Agios Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGIO#NASDAQ">AGIO</a>) was changed from Neutral to Sell. Agios Pharmaceuticals earned $1.44 in the second quarter, compared to $1.31 in the year-ago quarter. At the moment, the stock has a 52-week-high of $62.16 and a 52-week-low of $32.47. Agios Pharmaceuticals closed at $49.84 at the end of the last trading period.</li>
<li>According to JP Morgan, the prior rating for Axcella Health Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXLA#NASDAQ">AXLA</a>) was changed from Neutral to Underweight. Axcella Health earned $0.42 in the second quarter, compared to $0.48 in the year-ago quarter. The current stock performance of Axcella Health shows a 52-week-high of $6.84 and a 52-week-low of $3.03. Moreover, at the end of the last trading period, the closing price was at $3.60.</li>
<li>According to Canaccord Genuity, the prior rating for Misonix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSON#NASDAQ">MSON</a>) was changed from Buy to Hold. In the third quarter, Misonix showed an EPS of $0.22, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $24.42 and a 52-week-low of $11.04. At the end of the last trading period, Misonix closed at $23.84.</li>
<li>JMP Securities downgraded the previous rating for Proofpoint Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFPT#NASDAQ">PFPT</a>) from Outperform to Market Perform. Proofpoint earned $0.63 in the second quarter, compared to $0.51 in the year-ago quarter. At the moment, the stock has a 52-week-high of $175.25 and a 52-week-low of $91.60. Proofpoint closed at $174.63 at the end of the last trading period.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>
&nbsp;
<h2>Initiations</h2>
<ul>
<li>Cantor Fitzgerald initiated coverage on PolyPid Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPD#NASDAQ">PYPD</a>) with an Overweight rating. The price target for PolyPid is set to $24.00. In the first quarter, PolyPid earned $0.47. At the moment, the stock has a 52-week-high of $16.50 and a 52-week-low of $6.95. PolyPid closed at $7.23 at the end of the last trading period.</li>
<li>With a Buy rating, Needham initiated coverage on N-able Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NABL#NYSE">NABL</a>). The price target seems to have been set at $17.00 for N-able. &nbsp;Moreover, at the end of the last trading period, the closing price was at $13.47.</li>
<li>With a Buy rating, Needham initiated coverage on ironSource Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IS#NYSE">IS</a>). The price target seems to have been set at $12.00 for ironSource. At the moment, the stock has a 52-week-high of $11.25 and a 52-week-low of $7.80. ironSource closed at $8.66 at the end of the last trading period.</li>
<li>JP Morgan initiated coverage on Grid Dynamics Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDYN#NASDAQ">GDYN</a>) with an Overweight rating. The price target for Grid Dynamics Holdings is set to $25.00. In the first quarter, Grid Dynamics Holdings showed an EPS of $0.05, compared to $0.04 from the year-ago quarter. The current stock performance of Grid Dynamics Holdings shows a 52-week-high of $21.13 and a 52-week-low of $6.45. Moreover, at the end of the last trading period, the closing price was at $19.06.</li>
<li>BTIG initiated coverage on Riot Blockchain Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) with a Buy rating. The price target for Riot Blockchain is set to $45.00. In the first quarter, Riot Blockchain showed an EPS of $0.09, compared to $0.15 from the year-ago quarter. The current stock performance of Riot Blockchain shows a 52-week-high of $79.50 and a 52-week-low of $2.35. Moreover, at the end of the last trading period, the closing price was at $31.90.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

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Benzinga's Top Ratings Upgrades, Downgrades For July 30, 2021

<ul>
<li>Societe Generale&nbsp;analyst&nbsp;Derric Marcon&nbsp;downgraded&nbsp;Dassault Systemes SE&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dasty#OTC">DASTY</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/quote/DASTY/analyst-ratings" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">to Hold from Buy</a>&nbsp;with a price target of &euro;46, up from &euro;45.40, implying a 0.1% upside.</li>
<li>Marcon acknowledged the solid fundamentals but dismissed the shares as fully priced at current levels&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/21/07/22173895/dassault-systemes-reports-q2-results-notes-strong-demand-issues-q3-guidance" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">post the Q2 results</a>.</li>
<li>Price action:&nbsp;DASTY shares closed lower by 0.51% at $54.66 on Thursday.</li>
</ul>

Price Target

Societe Generale Downgrades Dassault Systemes To Hold, Increased Price Target Is Fully Priced At Current Levels

Societe Generale downgrades Dassault Systemes (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DASTY#OTC">DASTY</a>) from Buy to Hold.

Societe Generale Downgrades Dassault Systemes to Hold

<ul>
<li>Dassault Systemes SE&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dasty#OTC">DASTY</a>)&nbsp;<a class="editor-rtfLink" href="https://investor.3ds.com/news-releases/news-release-details/dassault-systemes-reports-strong-second-quarter-results-raises" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reported second-quarter</a>&nbsp;&nbsp;FY21 Non-IFRS&nbsp;revenue growth of 8% year-on-year to &euro;1.16 billion.</li>
<li>Strong demand across product lines and geographies drove the numbers.</li>
<li>3DEXPERIENCE and Cloud both performed well, growing 26% Y/Y on a non-IFRS basis.</li>
<li>Non-IFRS software revenue grew 9% Y/Y to &euro;1.1 billion. It posted a 15% organic growth. Licenses and other software revenue increased 32% to &euro;223.1 million, while Subscription and Support revenue improved 5% to &euro;828.2 million.</li>
<li>Services revenue remained flat at &euro;110.2 million.</li>
<li>Industrial Innovation software revenue rose 5% Y/Y to &euro;571 million; Life Sciences software revenue increased 13% to &euro;218.4 million; Mainstream Innovation software revenue grew 18% to &euro;261.8 million.</li>
<li>The non-IFRS operating margin expanded 550 basis points to 32.2%, with operating income improving 31%.</li>
<li>The non-IFRS EPS was &euro;0.22, up 35% Y/Y.</li>
<li>It held &euro;2.9 billion in cash and equivalents.</li>
<li>The company generated &euro;391.4 million in operating cash flow.</li>
<li>Shareholders approved FY20 dividend of &euro;0.56 per share worth &euro;147.1 million in aggregate was fully paid on June 1, 2021.</li>
<li>Additionally, shareholders had approved a five-for-one split, effective July 7, 2021.</li>
<li>Outlook: For Q3, the company sees non-IFRS basis revenue of &euro;1.115 billion- &euro;1.140 billion and non-IFRS EPS of &euro;0.18 - &euro;0.19.</li>
<li>For FY21, it currently sees non-IFRS revenue of &euro;4.745 billion to &euro;4.790 billion.</li>
<li>&nbsp;Price action:&nbsp;DASTY shares traded higher by 2.22% at $53.86 on the last check Tuesday.</li>
</ul>