Dassault Systemes (OTCMKTS:DASTY) Shares Gap Up – What’s Next?

Dassault Systemes SA (OTCMKTS:DASTY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $21.93, but opened at $23.20. Dassault Systemes shares last traded at $23.0760, with a volume of 18,964 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Kepler Capital Markets raised Dassault Systemes to a “strong-buy” rating in a report on Thursday, February 19th. Jefferies Financial Group reissued a “buy” rating on shares of Dassault Systemes in a report on Monday, April 20th. The Goldman Sachs Group lowered Dassault Systemes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Citigroup reissued a “neutral” rating on shares of Dassault Systemes in a report on Friday, February 20th. Finally, Zacks Research lowered Dassault Systemes from a “hold” rating to a “strong sell” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Dassault Systemes Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market capitalization of $30.41 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 6.55 and a beta of 1.00. The business has a fifty day moving average of $21.75 and a two-hundred day moving average of $24.32.

Institutional Trading of Dassault Systemes

A hedge fund recently bought a new stake in Dassault Systemes stock. Douglass Winthrop Advisors LLC purchased a new stake in Dassault Systemes SA (OTCMKTS:DASTY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 87,451 shares of the technology company’s stock, valued at approximately $2,442,000. Institutional investors own 0.03% of the company’s stock.

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.