Dassault Systemes (OTCMKTS:DASTY) Sees Large Volume Increase - Here's Why

Key Points

• Dassault Systemes experienced a significant increase in trading volume, with 549,551 shares changing hands, marking a 335% rise from the previous session.
• Analysts have mixed opinions on the stock, with Goldman Sachs upgrading it to a "strong-buy" rating, while Wall Street Zen downgraded it from "buy" to "hold".
• The company has a market capitalization of $42.62 billion and key financial metrics including a PE ratio of 34.55 and a debt-to-equity ratio of 0.25.

Dassault Systemes SA (OTCMKTS:DASTY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 549,551 shares were traded during trading, an increase of 335% from the previous session's volume of 126,412 shares.The stock last traded at $31.82 and had previously closed at $32.24.

Analyst Ratings Changes

DASTY has been the subject of several recent research reports. Citigroup reissued a "neutral" rating on shares of Dassault Systemes in a report on Friday, July 25th. Wall Street Zen lowered shares of Dassault Systemes from a "buy" rating to a "hold" rating in a research report on Sunday, September 14th. Finally, The Goldman Sachs Group upgraded shares of Dassault Systemes to a "strong-buy" rating in a research report on Friday, June 6th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy".

Dassault Systemes Trading Down 1.7%

The company's 50-day moving average price is $32.87 and its 200-day moving average price is $36.26. The firm has a market cap of $43.94 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.25.

Hedge Funds Weigh In On Dassault Systemes

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Azimuth Capital Investment Management LLC boosted its position in Dassault Systemes by 27.5% during the first quarter. Azimuth Capital Investment Management LLC now owns 120,425 shares of the technology company's stock worth $4,545,000 after acquiring an additional 25,988 shares during the last quarter. Boston Common Asset Management LLC boosted its position in Dassault Systemes by 38.0% during the first quarter. Boston Common Asset Management LLC now owns 40,184 shares of the technology company's stock worth $1,517,000 after acquiring an additional 11,066 shares during the last quarter. Yousif Capital Management LLC boosted its position in Dassault Systemes by 7.4% during the second quarter. Yousif Capital Management LLC now owns 22,389 shares of the technology company's stock worth $808,000 after acquiring an additional 1,550 shares during the last quarter. Rhumbline Advisers boosted its position in Dassault Systemes by 18.9% during 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 during the last quarter. Finally, Riverbridge Partners LLC acquired a new position in Dassault Systemes during the first quarter worth about $206,000. 0.03% of the stock is currently owned by institutional investors and hedge funds.

Dassault Systemes Company Profile

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.