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

Dassault Systemes SA (OTCMKTS:DASTY) gapped up prior to trading on Monday . The stock had previously closed at $23.25, but opened at $24.57. Dassault Systemes shares last traded at $24.6985, with a volume of 15,492 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DASTY. Citigroup reaffirmed a “neutral” rating on shares of Dassault Systemes in a research report on Monday, July 27th. Zacks Research upgraded shares of Dassault Systemes from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Jefferies Financial Group reaffirmed 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 given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Dassault Systemes has an average rating of “Moderate Buy”.

Dassault Systemes Price Performance

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 firm has a market capitalization of $32.17 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 4.68 and a beta of 0.97. The business has a 50 day simple moving average of $21.44 and a two-hundred day simple moving average of $22.34.

Hedge Funds Weigh In On Dassault Systemes

A hedge fund recently bought a new stake in Dassault Systemes stock. Douglass Winthrop Advisors LLC bought a new stake in Dassault Systemes SA (OTCMKTS:DASTY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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.

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.