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

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)'s share price shot up 2.7% on Monday . The stock traded as high as $32.35 and last traded at $32.14. 177,960 shares were traded during mid-day trading, an increase of 4% from the average session volume of 170,626 shares. The stock had previously closed at $31.30.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DASTY. Citigroup reissued a "neutral" rating on shares of Dassault Systemes in a research note on Friday, July 25th. The Goldman Sachs Group raised shares of 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 note on Saturday, August 23rd. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Dassault Systemes currently has a consensus rating of "Buy".

Dassault Systemes Price Performance

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 stock has a market cap of $43.09 billion, a PE ratio of 34.94, a PEG ratio of 4.05 and a beta of 0.99. The stock's 50-day moving average is $33.68 and its two-hundred day moving average is $36.71.

Hedge Funds Weigh In On Dassault Systemes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DASTY. Azimuth Capital Investment Management LLC boosted its position in 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 buying an additional 25,988 shares during the period. Boston Common Asset Management LLC boosted its position in Dassault Systemes by 38.0% in 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 buying an additional 11,066 shares during the period. Riverbridge Partners LLC purchased a new position in Dassault Systemes in the 1st quarter valued at approximately $206,000. Rhumbline Advisers boosted its position in Dassault Systemes by 18.9% in the 1st 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 during the period. Finally, Yousif Capital Management LLC boosted its position 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 buying an additional 1,550 shares during the period. Hedge funds and other institutional investors own 0.03% of the company's stock.

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.

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