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

Dassault Systemes SA (OTCMKTS:DASTY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $23.03, but opened at $21.51. Dassault Systemes shares last traded at $21.77, with a volume of 5,369 shares trading hands.

Analyst Ratings Changes

DASTY has been the topic of a number of recent analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Dassault Systemes in a research report on Monday, April 20th. Kepler Capital Markets upgraded shares of Dassault Systemes to a “strong-buy” rating in a research report on Thursday, February 19th. Zacks Research lowered shares of Dassault Systemes from a “hold” rating to a “strong sell” rating in a research report on Friday, May 22nd. Citigroup reiterated a “neutral” rating on shares of Dassault Systemes in a research report on Friday, February 20th. Finally, The Goldman Sachs Group cut shares of Dassault Systemes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Dassault Systemes Stock Down 5.6%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 1.70. The firm’s 50-day moving average is $21.65 and its two-hundred day moving average is $24.42. The stock has a market cap of $29.17 billion, a P/E ratio of 20.51, a PEG ratio of 6.48 and a beta of 1.01.

Hedge Funds Weigh In On Dassault Systemes

An institutional investor recently bought a new position in Dassault Systemes stock. Douglass Winthrop Advisors LLC acquired a new stake in Dassault Systemes SA (OTCMKTS:DASTY) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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.

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.