Dassault Systemes (OTCMKTS:DASTY) Shares Gap Up After Analyst Upgrade

Dassault Systemes SA (OTCMKTS:DASTY) gapped up before the market opened on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. 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.

Several other equities research analysts also recently issued reports on the company. The Goldman Sachs Group downgraded Dassault Systemes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Jefferies Financial Group reiterated a “buy” rating on shares of Dassault Systemes in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Dassault Systemes

A hedge fund recently raised its stake in Dassault Systemes stock. GAMMA Investing LLC lifted its position in shares of Dassault Systemes SA (OTCMKTS:DASTY) by 49.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,866 shares of the technology company’s stock after purchasing 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 and Exchange Commission. Hedge funds and other institutional investors own 0.03% of the company’s stock.

Dassault Systemes Stock Performance

The company has a market cap of $26.36 billion, a P/E ratio of 18.53, a price-to-earnings-growth ratio of 5.78 and a beta of 1.00. The stock has a 50 day moving average price of $22.13 and a two-hundred day moving average price of $23.56. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.12.

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.