Dassault Systemes SA (OTCMKTS:DASTY) Short Interest Down 68.5% in June

Dassault Systemes SA (OTCMKTS:DASTY) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 9,191 shares, a decrease of 68.5% from the May 31st total of 29,201 shares. Based on an average daily volume of 308,910 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Dassault Systemes

A hedge fund recently raised its stake in Dassault Systemes stock. GAMMA Investing LLC lifted its holdings in shares of Dassault Systemes SA (OTCMKTS:DASTY) by 49.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,866 shares of the technology company’s stock after acquiring an additional 951 shares during the quarter. GAMMA Investing LLC’s holdings in Dassault Systemes were worth $80,000 at the end of the most recent quarter. Institutional investors own 0.03% of the company’s stock.

Dassault Systemes Stock Performance

Shares of DASTY opened at $20.64 on Tuesday. 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 stock has a 50 day moving average price of $22.07 and a two-hundred day moving average price of $23.41. The firm has a market capitalization of $27.70 billion, a P/E ratio of 19.47, a P/E/G ratio of 5.95 and a beta of 1.00. Dassault Systemes has a 52 week low of $18.99 and a 52 week high of $38.49.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DASTY shares. The Goldman Sachs Group cut Dassault Systemes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Zacks Research upgraded shares of Dassault Systemes from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Jefferies Financial Group restated a “buy” rating on shares of Dassault Systemes in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Dassault Systemes presently has a consensus rating of “Moderate Buy”.

Dassault Systemes Company Profile

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.