Dassault Systemes (OTCMKTS:DASTY) Shares Gap Up – Should You Buy?

Dassault Systemes SA (OTCMKTS:DASTY) shares 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.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DASTY. Deutsche Bank Aktiengesellschaft reiterated 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 raised shares of Dassault Systemes from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. One 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 MarketBeat, the company currently has a consensus rating of “Hold”.

Dassault Systemes Trading Up 4.5%

The company has a fifty day moving average of $23.77 and a 200-day moving average of $22.26. 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 company has a market capitalization of $32.82 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 4.71 and a beta of 0.98.

Institutional Inflows and Outflows

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

About Dassault Systemes

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.