Dassault Systemes (OTCMKTS:DASTY) Shares Gap Up – Should You Buy?

Dassault Systemes SA (OTCMKTS:DASTY) gapped up prior to trading on Monday . The stock had previously closed at $23.25, but opened at $24.57. Dassault Systemes shares last traded at $24.6985, with a volume of 15,492 shares trading hands.

Wall Street Analysts Forecast Growth

DASTY has been the topic of several research reports. Jefferies Financial Group restated a “buy” rating on shares of Dassault Systemes in a report on Monday, April 20th. Zacks Research upgraded Dassault Systemes from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Citigroup reissued a “neutral” rating on shares of Dassault Systemes in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Dassault Systemes has an average rating of “Moderate Buy”.

Dassault Systemes Trading Up 3.1%

The stock has a market capitalization of $33.20 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 4.83 and a beta of 0.97. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $21.47 and a 200 day moving average price of $22.28.

Institutional Trading of Dassault Systemes

A hedge fund recently bought a new position in Dassault Systemes stock. Douglass Winthrop Advisors LLC purchased a new stake in Dassault Systemes SA (OTCMKTS:DASTY) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 87,451 shares of the technology company’s stock, valued at approximately $2,442,000. Hedge funds and other institutional investors 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.