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

Dassault Systemes SA (OTCMKTS:DASTY - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 582,406 shares traded hands during trading, an increase of 451% from the previous session's volume of 105,792 shares.The stock last traded at $37.08 and had previously closed at $36.55.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Dassault Systemes to a "strong-buy" rating in a report on Friday, June 6th.

Dassault Systemes Price Performance

The stock has a market cap of $49.78 billion, a price-to-earnings ratio of 38.68, a price-to-earnings-growth ratio of 4.29 and a beta of 0.99. The stock has a fifty day moving average of $37.08 and a two-hundred day moving average of $38.13. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.23.

Dassault Systemes Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, June 26th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.222 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a dividend yield of 0.58%. Dassault Systemes's dividend payout ratio is currently 22.92%.

Institutional Investors Weigh In On Dassault Systemes

Several hedge funds have recently modified their holdings of the stock. Boston Common Asset Management LLC grew its stake 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 buying an additional 11,066 shares during the period. Rhumbline Advisers grew its stake 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 buying an additional 3,306 shares during the period. Riverbridge Partners LLC purchased a new stake in Dassault Systemes during the first quarter worth approximately $206,000. Finally, Azimuth Capital Investment Management LLC grew its stake 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 buying an additional 25,988 shares during the period. 0.03% of the stock is owned by institutional investors and hedge funds.

About Dassault Systemes

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.

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