Dassault Systemes (OTCMKTS:DASTY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Dassault Systemes SA (OTCMKTS:DASTY) saw strong trading volume on Friday . Approximately 521,643 shares traded hands during trading, an increase of 74% from the previous session’s volume of 299,049 shares.The stock last traded at $23.09 and had previously closed at $23.20.

Wall Street Analysts Forecast Growth

DASTY has been the topic of a number of recent analyst reports. Citigroup reissued a “neutral” rating on shares of Dassault Systemes in a report on Monday. Jefferies Financial Group reiterated a “buy” rating on shares of Dassault Systemes in a research report on Monday, April 20th. Finally, Zacks Research raised Dassault Systemes from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Dassault Systemes currently has a consensus rating of “Moderate Buy”.

Dassault Systemes Stock Down 0.2%

The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. The company has a 50-day simple moving average of $21.44 and a 200 day simple moving average of $22.38. The company has a market cap of $31.08 billion, a P/E ratio of 20.50, a P/E/G ratio of 4.82 and a beta of 1.00.

Institutional Investors Weigh In On Dassault Systemes

An institutional investor recently bought a new stake in Dassault Systemes stock. Douglass Winthrop Advisors LLC acquired a new position in Dassault Systemes SA (OTCMKTS:DASTY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 87,451 shares of the technology company’s stock, valued at approximately $2,442,000. Institutional investors and hedge funds 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.