Dassault Systemes (OTCMKTS:DASTY) Shares Down 5.1% – Here’s What Happened

Dassault Systemes SA (OTCMKTS:DASTYGet Free Report)’s share price fell 5.1% during mid-day trading on Thursday . The company traded as low as $21.1380 and last traded at $21.15. 26,106 shares traded hands during trading, a decline of 91% from the average session volume of 306,716 shares. The stock had previously closed at $22.2790.

Analyst Ratings Changes

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

Read Our Latest Report on Dassault Systemes

Dassault Systemes Trading Down 7.1%

The firm has a market capitalization of $26.76 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 6.27 and a beta of 1.00. 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 firm’s 50 day moving average is $22.23 and its 200 day moving average is $24.03.

Institutional Investors Weigh In On Dassault Systemes

A hedge fund recently bought a new stake in Dassault Systemes stock. Douglass Winthrop Advisors LLC bought a new position in Dassault Systemes SA (OTCMKTS:DASTYFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 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

(Get Free Report)

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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