Dassault Systemes (OTCMKTS:DASTY) Stock Price Down 4.8% - Here's What Happened

Key Points

• Dassault Systèmes shares fell 4.8% to $24.164, while trading volume dropped 98% below the average daily volume.
• Analyst sentiment remains generally positive, with the stock carrying a “Moderate Buy” consensus rating: one Strong Buy, one Buy and four Hold recommendations.
• Douglass Winthrop Advisors initiated a position of 87,451 shares valued at approximately $2.44 million, although institutional investors collectively own just 0.03% of the company.

Dassault Systemes SA (OTCMKTS:DASTY - Get Free Report) was down 4.8% on Thursday . The stock traded as low as $24.1640 and last traded at $24.1640. Approximately 5,487 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 291,831 shares. The stock had previously closed at $25.39.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DASTY shares. Citigroup reissued a "neutral" rating on shares of Dassault Systemes in a research note on Monday, July 27th. Jefferies Financial Group reiterated a "buy" rating on shares of Dassault Systemes in a report on Monday, April 20th. Finally, Zacks Research raised shares of Dassault Systemes from a "strong sell" rating to a "hold" rating in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Dassault Systemes has an average rating of "Moderate Buy".

Dassault Systemes Stock Performance

The company has a 50-day simple moving average of $21.79 and a two-hundred day simple moving average of $22.17. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market capitalization of $32.34 billion, a P/E ratio of 21.33, a PEG ratio of 5.11 and a beta of 0.97.

Hedge Funds Weigh In On Dassault Systemes

An institutional investor recently bought a new stake in Dassault Systemes stock. Douglass Winthrop Advisors LLC bought a new stake in shares of Dassault Systemes SA (OTCMKTS:DASTY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 87,451 shares of the technology company's stock, valued at approximately $2,442,000. Hedge funds and other institutional investors own 0.03% of the company's stock.

Dassault Systemes Company Profile

Dassault Systèmes is a France-based software company that develops solutions for 3D design, digital mock-up and product lifecycle management (PLM). Founded as a technology spin-off from Dassault Aviation in 1981, the company is headquartered near Paris and has grown into a global provider of engineering and business software used to model, simulate and manage products and processes across their lifecycles. Its platforms and applications are aimed at enabling digital continuity from ideation and design through manufacturing, operation and service.

The company's product portfolio centers on the 3DEXPERIENCE platform, which integrates applications for computer-aided design (CAD), simulation, data management and collaboration.

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