Dassault Systemes (OTCMKTS:DASTY) Sees Large Volume Increase – Here’s What Happened

Dassault Systemes SA (OTCMKTS:DASTY) shares saw unusually-strong trading volume on Tuesday . Approximately 872,948 shares traded hands during trading, an increase of 334% from the previous session’s volume of 201,193 shares.The stock last traded at $27.05 and had previously closed at $27.70.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Dassault Systemes from a “buy” rating to a “hold” rating in a research report on Sunday, September 14th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

Dassault Systemes Trading Down 2.3%

The company has a market cap of $36.31 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 6.18 and a beta of 0.99. The firm has a fifty day moving average price of $30.44 and a 200 day moving average price of $33.18. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.83 and a current ratio of 1.83.

Hedge Funds Weigh In On Dassault Systemes

A number of hedge funds have recently bought and sold shares of DASTY. Rhumbline Advisers raised its holdings in Dassault Systemes by 18.9% in the 1st quarter. Rhumbline Advisers now owns 20,836 shares of the technology company’s stock valued at $795,000 after acquiring an additional 3,306 shares in the last quarter. Yousif Capital Management LLC boosted its position in Dassault Systemes by 7.4% during the 2nd quarter. Yousif Capital Management LLC now owns 22,389 shares of the technology company’s stock worth $808,000 after buying an additional 1,550 shares during the period. Finally, Azimuth Capital Investment Management LLC increased its holdings in Dassault Systemes by 27.5% in the first quarter. Azimuth Capital Investment Management LLC now owns 120,425 shares of the technology company’s stock valued at $4,545,000 after purchasing an additional 25,988 shares during the period. 0.03% of the stock is owned by institutional investors.

About Dassault Systemes

Dassault Systèmes SE provides software solutions and services worldwide. It offers SOLIDWORKS provides easy-to-use 2D and 3D product development solutions accessible to any business; CATIA, an engineering and design software for product 3D computer-aided design; GEOVIA for intersection of natural resources, infrastructure, and urban planning; and BIOVIA that develops chemicals, biologics, and materials experiences.