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

Shares of Dassault Systemes SA (OTCMKTS:DASTYGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $23.54, but opened at $24.5653. Dassault Systemes shares last traded at $24.3975, with a volume of 2,585 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DASTY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Dassault Systemes in a research report on Tuesday, September 1st. Citigroup reaffirmed a “neutral” rating on shares of Dassault Systemes in a research note on Monday, July 27th. Finally, Zacks Research upgraded Dassault Systemes from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Read Our Latest Research Report on DASTY

Dassault Systemes Price Performance

The firm has a market cap of $32.82 billion, a price-to-earnings ratio of 21.65, a P/E/G ratio of 4.71 and a beta of 0.98. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $23.77 and its 200-day moving average price is $22.26.

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 stake in Dassault Systemes SA (OTCMKTS:DASTYFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & 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 SE is a France-based software company that develops 3D design, engineering, simulation, manufacturing and business collaboration solutions. Its technologies are designed to help organizations create virtual representations of products, factories, infrastructure and biological systems, supporting product development and operational decision-making.

The company’s portfolio includes the 3DEXPERIENCE platform and brands such as CATIA for computer-aided design and engineering, SOLIDWORKS for 3D design and collaboration, SIMULIA for simulation, DELMIA for manufacturing and operations, ENOVIA for product lifecycle management, and BIOVIA for scientific modeling and materials research.

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