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

Dassault Systemes SA (OTCMKTS:DASTY) saw strong trading volume on Monday . 230,299 shares were traded during mid-day trading, a decline of 23% from the previous session’s volume of 299,960 shares.The stock last traded at $20.87 and had previously closed at $20.83.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DASTY shares. Jefferies Financial Group restated a “buy” rating on shares of Dassault Systemes in a research report on Monday, April 20th. Zacks Research raised Dassault Systemes from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Dassault Systemes Price 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 company has a market capitalization of $28.43 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 6.10 and a beta of 1.00. The firm’s 50 day simple moving average is $21.81 and its 200 day simple moving average is $22.99.

Institutional Trading of Dassault Systemes

A hedge fund 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 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 87,451 shares of the technology company’s stock, valued at approximately $2,442,000. 0.03% of the stock is 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.