Dassault Systemes SA (OTCMKTS:DASTY – Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 78,305 shares, a drop of 48.4% from the April 15th total of 151,805 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 371,231 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On Dassault Systemes
A hedge fund recently raised its stake in Dassault Systemes stock. GAMMA Investing LLC increased its stake in shares of Dassault Systemes SA (OTCMKTS:DASTY – Free Report) by 49.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,866 shares of the technology company’s stock after acquiring an additional 951 shares during the period. GAMMA Investing LLC’s holdings in Dassault Systemes were worth $80,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.03% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on DASTY. The Goldman Sachs Group lowered shares of Dassault Systemes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Kepler Capital Markets raised Dassault Systemes to a “strong-buy” rating in a research report on Thursday, February 19th. Citigroup reiterated a “neutral” rating on shares of Dassault Systemes in a research note on Friday, February 20th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Dassault Systemes in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
Dassault Systemes Trading Up 1.6%
Shares of Dassault Systemes stock opened at $23.10 on Friday. The stock has a market cap of $31.00 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 6.41 and a beta of 1.01. The firm has a fifty day moving average price of $21.32 and a 200 day moving average price of $24.72. Dassault Systemes has a 1 year low of $18.99 and a 1 year high of $39.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.60 and a quick ratio of 1.60.
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.
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