Dassault Systemes (OTCMKTS:DASTY) Sees Large Volume Increase – Here’s Why

Dassault Systemes SA (OTCMKTS:DASTY) shares saw strong trading volume on Thursday . 1,815,762 shares were traded during trading, an increase of 580% from the previous session’s volume of 267,068 shares.The stock last traded at $27.46 and had previously closed at $28.70.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DASTY shares. Citigroup restated a “neutral” rating on shares of Dassault Systemes in a research report on Thursday, December 11th. Rothschild Redb raised Dassault Systemes to a “hold” rating in a research note on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Dassault Systemes Stock Down 4.0%

The firm has a market capitalization of $36.96 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 6.52 and a beta of 0.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a fifty day moving average of $27.79 and a two-hundred day moving average of $30.55.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Dassault Systemes stock. GAMMA Investing LLC grew its position in Dassault Systemes SA (OTCMKTS:DASTY) by 49.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,866 shares of the technology company’s stock after purchasing an additional 951 shares during the quarter. GAMMA Investing LLC’s holdings in Dassault Systemes were worth $80,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.03% of the company’s stock.

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.