Dassault Systemes (OTCMKTS:DASTY) Shares Gap Down – Here’s Why

Dassault Systemes SA (OTCMKTS:DASTY) gapped down prior to trading on Thursday . The stock had previously closed at $23.03, but opened at $21.51. Dassault Systemes shares last traded at $21.77, with a volume of 5,369 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup restated a “neutral” rating on shares of Dassault Systemes in a report on Friday, February 20th. Jefferies Financial Group restated a “buy” rating on shares of Dassault Systemes in a report on Monday, April 20th. 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 upgraded shares of Dassault Systemes to a “strong-buy” rating in a report on Thursday, February 19th. 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 given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Dassault Systemes Stock Down 5.6%

The company has a market cap of $29.17 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 6.48 and a beta of 1.01. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average price is $21.65 and its 200-day moving average price is $24.42.

Hedge Funds Weigh In On Dassault Systemes

A hedge fund recently bought a new stake in Dassault Systemes stock. Douglass Winthrop Advisors LLC purchased a new stake in Dassault Systemes SA (OTCMKTS:DASTY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 87,451 shares of the technology company’s stock, valued at approximately $2,442,000. Institutional investors and hedge funds own 0.03% of the company’s stock.

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.