Dassault Systemes (OTCMKTS:DASTY) Trading Up 5.4% – What’s Next?

Dassault Systemes SA (OTCMKTS:DASTY) shot up 5.4% during trading on Friday . The company traded as high as $23.47 and last traded at $23.31. 2,943 shares were traded during mid-day trading, a decline of 99% from the average session volume of 316,918 shares. The stock had previously closed at $22.11.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Dassault Systemes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Kepler Capital Markets raised shares of Dassault Systemes to a “strong-buy” rating in a research note on Thursday, February 19th. Zacks Research downgraded shares of Dassault Systemes from a “hold” rating to a “strong sell” rating in a research note on Friday, May 22nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Dassault Systemes in a research note on Monday, April 20th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Dassault Systemes in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Dassault Systemes Stock Performance

The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.12. The business has a 50 day simple moving average of $21.94 and a two-hundred day simple moving average of $24.21. The firm has a market cap of $30.67 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 6.14 and a beta of 1.00.

Hedge Funds Weigh In On Dassault Systemes

A hedge fund recently raised its stake in Dassault Systemes stock. GAMMA Investing LLC lifted its position in shares of Dassault Systemes SA (OTCMKTS:DASTY) by 49.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,866 shares of the technology company’s stock after buying 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. 0.03% of the stock is currently owned by hedge funds and other institutional investors.

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.