Dassault Systemes (OTCMKTS:DASTY) Sees Large Volume Increase – Here’s What Happened

Dassault Systemes SA (OTCMKTS:DASTY) saw strong trading volume on Monday . 506,356 shares changed hands during trading, an increase of 142% from the previous session’s volume of 209,462 shares.The stock last traded at $27.20 and had previously closed at $27.56.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Dassault Systemes from a “buy” rating to a “hold” rating in a research report on Sunday, September 14th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Dassault Systemes currently has a consensus rating of “Buy”.

Dassault Systemes Trading Down 1.6%

The firm has a market capitalization of $36.38 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 5.99 and a beta of 1.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 1.55. The company has a fifty day moving average of $30.01 and a 200-day moving average of $32.88.

Hedge Funds Weigh In On Dassault Systemes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its position in Dassault Systemes by 18.9% in the first quarter. Rhumbline Advisers now owns 20,836 shares of the technology company’s stock worth $795,000 after acquiring an additional 3,306 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of Dassault Systemes by 7.4% during the 2nd quarter. Yousif Capital Management LLC now owns 22,389 shares of the technology company’s stock valued at $808,000 after purchasing an additional 1,550 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC lifted its stake in shares of Dassault Systemes by 27.5% in the 1st 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 during the last quarter. Institutional investors own 0.03% of the company’s stock.

About Dassault Systemes

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.