Dassault Systemes (OTCMKTS:DASTY) Shares Up 2.7% - Here's Why

Key Points

• Dassault Systemes' shares increased by 2.7% to a last trading price of $32.14, following trading activity that surpassed the average volume by 4%.
• Analyst ratings for Dassault Systemes have recently improved, with Goldman Sachs upgrading to a "strong-buy" and Wall Street Zen raising the stock from "hold" to "buy".
• Several institutional investors have actively increased their stakes in Dassault Systemes, with Azimuth Capital boosting its holdings by 27.5% during the first quarter.

Dassault Systemes SA (OTCMKTS:DASTY - Get Free Report) traded up 2.7% during mid-day trading on Monday . The company traded as high as $32.35 and last traded at $32.14. 177,960 shares changed hands during trading, an increase of 4% from the average session volume of 170,626 shares. The stock had previously closed at $31.30.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup restated a "neutral" rating on shares of Dassault Systemes in a research note on Friday, July 25th. Wall Street Zen upgraded shares of Dassault Systemes from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Finally, The Goldman Sachs Group raised 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 assigned a Hold rating to the stock. According to data from MarketBeat, Dassault Systemes has a consensus rating of "Buy".

Dassault Systemes Trading Up 0.8%

The stock has a market capitalization of $43.23 billion, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 4.14 and a beta of 0.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.83 and a current ratio of 1.83. The firm's fifty day simple moving average is $33.32 and its 200 day simple moving average is $36.52.

Institutional Investors Weigh In On Dassault Systemes

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Yousif Capital Management LLC grew its holdings in shares of Dassault Systemes by 7.4% during the 2nd quarter. Yousif Capital Management LLC now owns 22,389 shares of the technology company's stock valued at $808,000 after purchasing an additional 1,550 shares during the last quarter. Rhumbline Advisers grew its holdings 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 valued at $795,000 after purchasing an additional 3,306 shares during the last quarter. Riverbridge Partners LLC bought a new stake in shares of Dassault Systemes during the 1st quarter valued at approximately $206,000. Boston Common Asset Management LLC grew its holdings in shares of 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 valued at $1,517,000 after purchasing an additional 11,066 shares during the last quarter. Finally, Azimuth Capital Investment Management LLC boosted its position in Dassault Systemes by 27.5% during the 1st 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.

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.