Dassault Systemes (OTCMKTS:DASTY) Shares Gap Down - Here's What Happened

Shares of Dassault Systemes SA (OTCMKTS:DASTY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $38.09, but opened at $34.67. Dassault Systemes shares last traded at $34.40, with a volume of 32,206 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup reiterated a "neutral" rating on shares of Dassault Systemes in a research report on Friday. The Goldman Sachs Group raised Dassault Systemes to a "strong-buy" rating in a research note on Friday, June 6th. Finally, Wall Street Zen raised shares of Dassault Systemes from a "hold" rating to a "buy" rating in a research report on Monday.

Dassault Systemes Price Performance

The firm has a market cap of $46.10 billion, a P/E ratio of 37.37, a price-to-earnings-growth ratio of 4.08 and a beta of 0.99. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.23. The stock's 50-day moving average is $36.87 and its 200-day moving average is $38.35.

Dassault Systemes Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 26th. Investors of record on Friday, May 23rd were paid a $0.222 dividend. The ex-dividend date was Thursday, May 22nd. This represents a yield of 0.58%. Dassault Systemes's payout ratio is currently 23.91%.

Institutional Trading of Dassault Systemes

Large investors have recently bought and sold shares of the stock. Riverbridge Partners LLC bought a new stake in Dassault Systemes during the 1st quarter worth approximately $206,000. Rhumbline Advisers lifted its stake in Dassault Systemes by 18.9% in the first quarter. Rhumbline Advisers now owns 20,836 shares of the technology company's stock valued at $795,000 after buying an additional 3,306 shares in the last quarter. Yousif Capital Management LLC lifted its stake 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 valued at $808,000 after acquiring an additional 1,550 shares in the last quarter. Boston Common Asset Management LLC lifted its position in Dassault Systemes by 38.0% during the 1st 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 in the last quarter. Finally, Azimuth Capital Investment Management LLC raised its holdings in shares of Dassault Systemes by 27.5% in the 1st quarter. Azimuth Capital Investment Management LLC now owns 120,425 shares of the technology company's stock valued at $4,545,000 after purchasing an additional 25,988 shares during the period. 0.03% of the stock is currently owned by institutional investors.

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.