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

Dassault Systemes SA (OTCMKTS:DASTYGet Free Report) 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 traded.

Analysts Set New Price Targets

DASTY has been the topic of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Dassault Systemes in a research note on Monday, April 20th. The Goldman Sachs Group cut shares of Dassault Systemes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Zacks Research lowered shares of 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 assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.

View Our Latest Stock Analysis on Dassault Systemes

Dassault Systemes Stock Performance

The company has a 50 day simple moving average of $22.16 and a 200-day simple moving average of $23.67. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market cap of $26.72 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 5.72 and a beta of 1.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Dassault Systemes stock. Douglass Winthrop Advisors LLC acquired a new position in Dassault Systemes SA (OTCMKTS:DASTYFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 87,451 shares of the technology company’s stock, valued at approximately $2,442,000. 0.03% of the stock is owned by hedge funds and other institutional investors.

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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