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

Dassault Systemes SA (OTCMKTS:DASTY) shares gapped up before the market opened on Monday . The stock had previously closed at $21.93, but opened at $23.20. Dassault Systemes shares last traded at $23.0760, with a volume of 18,964 shares trading hands.

Analysts Set New Price Targets

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

Dassault Systemes Trading Up 7.1%

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 simple moving average is $21.69 and its 200 day simple moving average is $24.35. The stock has a market capitalization of $31.52 billion, a P/E ratio of 22.16, a PEG ratio of 6.09 and a beta of 1.00.

Institutional Investors Weigh In On Dassault Systemes

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