Dassault Systemes (OTCMKTS:DASTY) Shares Gap Down – What’s Next?

Dassault Systemes SA (OTCMKTS:DASTY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $28.17, but opened at $27.30. Dassault Systemes shares last traded at $27.3340, with a volume of 24,596 shares traded.

Analysts Set New Price Targets

A number of research firms have issued reports on DASTY. Wall Street Zen cut shares of Dassault Systemes from a “buy” rating to a “hold” rating in a report on Sunday, September 14th. Citigroup reissued a “neutral” rating on shares of Dassault Systemes in a research report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Dassault Systemes has a consensus rating of “Buy”.

Dassault Systemes Stock Up 0.1%

The business has a 50 day moving average price of $27.57 and a 200 day moving average price of $31.41. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The stock has a market cap of $37.96 billion, a PE ratio of 29.78, a P/E/G ratio of 5.91 and a beta of 0.98.

Hedge Funds Weigh In On Dassault Systemes

Large investors have recently made changes to their positions in the company. Rhumbline Advisers raised its position in shares of Dassault Systemes by 18.9% during the 1st quarter. Rhumbline Advisers now owns 20,836 shares of the technology company’s stock worth $795,000 after purchasing an additional 3,306 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in Dassault Systemes by 7.4% in the 2nd quarter. Yousif Capital Management LLC now owns 22,389 shares of the technology company’s stock worth $808,000 after buying an additional 1,550 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Dassault Systemes by 49.7% during the 4th quarter. GAMMA Investing LLC now owns 2,866 shares of the technology company’s stock worth $80,000 after buying an additional 951 shares in the last quarter. 0.03% of the stock is currently owned by institutional investors and hedge funds.

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.