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

Shares of Dassault Systemes SA (OTCMKTS:DASTY) gapped down prior to trading on Friday . The stock had previously closed at $26.1210, but opened at $24.95. Dassault Systemes shares last traded at $24.5840, with a volume of 10,015 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DASTY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Dassault Systemes in a research report on Tuesday. Zacks Research raised Dassault Systemes from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Citigroup restated a “neutral” rating on shares of Dassault Systemes in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Dassault Systemes Price Performance

The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. The firm has a market cap of $32.87 billion, a P/E ratio of 21.68, a PEG ratio of 5.14 and a beta of 0.98. The firm has a 50-day simple moving average of $23.41 and a 200-day simple moving average of $22.12.

Hedge Funds Weigh In On Dassault Systemes

A hedge fund recently bought a new position in Dassault Systemes stock. Douglass Winthrop Advisors LLC purchased a new position in shares of Dassault Systemes SA (OTCMKTS:DASTY) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 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.