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

Dassault Systemes SA (OTCMKTS:DASTY) gapped up prior to trading 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 traded.

A number of other research firms have also recently weighed in on DASTY. The Goldman Sachs Group cut shares of Dassault Systemes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Jefferies Financial Group reiterated a “buy” rating on shares of Dassault Systemes in a research note 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On Dassault Systemes

An institutional investor recently bought a new position in Dassault Systemes stock. Douglass Winthrop Advisors LLC purchased a new stake in Dassault Systemes SA (OTCMKTS:DASTY) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 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.

Dassault Systemes Stock Performance

The company has a market capitalization of $26.36 billion, a P/E ratio of 18.53, a P/E/G ratio of 5.78 and a beta of 1.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 1.70. The business’s fifty day simple moving average is $22.13 and its 200-day simple moving average is $23.56.

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.