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 Friday . The stock had previously closed at $21.4624, but opened at $20.17. Dassault Systemes shares last traded at $19.97, with a volume of 8,345 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Kepler Capital Markets upgraded shares of Dassault Systemes to a “strong-buy” rating in a report on Thursday, February 19th. Citigroup restated a “neutral” rating on shares of Dassault Systemes in a report on Friday, February 20th. Jefferies Financial Group reiterated a “buy” rating on shares of Dassault Systemes in a report on Monday, April 20th. Zacks Research lowered shares of Dassault Systemes from a “hold” rating to a “strong sell” rating in a report on Friday, May 22nd. Finally, The Goldman Sachs Group lowered shares of Dassault Systemes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Dassault Systemes currently has an average rating of “Hold”.

Dassault Systemes Trading Down 7.0%

The firm has a market cap of $26.79 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 6.18 and a beta of 1.00. The business’s 50 day moving average price is $22.24 and its 200-day moving average price is $24.06. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 1.70.

Institutional Investors Weigh In On Dassault Systemes

A hedge fund recently bought a new stake in Dassault Systemes stock. Douglass Winthrop Advisors LLC acquired a new stake in shares of Dassault Systemes SA (OTCMKTS:DASTY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 87,451 shares of the technology company’s stock, valued at approximately $2,442,000. 0.03% of the stock is currently 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.