Dassault Systemes (OTCMKTS:DASTY) Sees Strong Trading Volume – Here’s What Happened

Dassault Systemes SA (OTCMKTS:DASTY) shares saw an uptick in trading volume on Monday . 580,516 shares were traded during mid-day trading, an increase of 266% from the previous session’s volume of 158,742 shares.The stock last traded at $27.2850 and had previously closed at $27.70.

Wall Street Analysts Forecast Growth

DASTY has been the topic of several research analyst reports. Citigroup reissued a “neutral” rating on shares of Dassault Systemes in a report on Friday, July 25th. Wall Street Zen cut Dassault Systemes from a “buy” rating to a “hold” rating in a report on Sunday, September 14th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Dassault Systemes Price Performance

The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $36.18 billion, a price-to-earnings ratio of 28.39, a P/E/G ratio of 6.18 and a beta of 0.99. The business’s 50 day simple moving average is $31.35 and its 200-day simple moving average is $33.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DASTY. Azimuth Capital Investment Management LLC boosted its stake in shares of Dassault Systemes by 27.5% during 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 in the last quarter. Rhumbline Advisers raised its stake in shares of Dassault Systemes by 18.9% during the first 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 during the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of Dassault Systemes by 7.4% during the second quarter. Yousif Capital Management LLC now owns 22,389 shares of the technology company’s stock worth $808,000 after purchasing an additional 1,550 shares during the period. Institutional investors own 0.03% of the company’s stock.

Dassault Systemes Company Profile

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.