Dassault Systemes (OTCMKTS:DASTY) Shares Gap Up – Here’s What Happened

Shares of Dassault Systemes SA (OTCMKTS:DASTY) gapped up before the market opened on Tuesday . The stock had previously closed at $19.35, but opened at $19.89. Dassault Systemes shares last traded at $19.8847, with a volume of 19,302 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DASTY. Jefferies Financial Group reissued a “buy” rating on shares of Dassault Systemes in a research note on Monday, April 20th. Zacks Research cut Dassault Systemes from a “hold” rating to a “strong sell” rating in a research note on Friday, May 22nd. Finally, The Goldman Sachs Group downgraded Dassault Systemes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Dassault Systemes Price Performance

The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.12. The stock has a market cap of $26.72 billion, a P/E ratio of 18.79, a PEG ratio of 5.72 and a beta of 1.00. The firm’s fifty day moving average price is $22.16 and its 200-day moving average price is $23.67.

Institutional Investors Weigh In On Dassault Systemes

A hedge fund recently raised its position in Dassault Systemes stock. GAMMA Investing LLC raised its position in Dassault Systemes SA (OTCMKTS:DASTY) by 49.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,866 shares of the technology company’s stock after acquiring an additional 951 shares during the quarter. GAMMA Investing LLC’s holdings in Dassault Systemes were worth $80,000 at the end of the most recent quarter. 0.03% of the stock is owned by institutional investors and hedge funds.

About Dassault Systemes

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.