Dassault Systemes (OTCMKTS:DASTY) Sets New 12-Month High - Here's Why

Key Points

• Dassault Systemes hit a 52-week high of $29.09 on Wednesday and last traded at $28.82, up from its previous close of $27.95.
• Analyst sentiment remains broadly neutral: MarketBeat reports an average “Hold” rating, with one Strong Buy, five Holds and one Sell.
• GAMMA Investing increased its position by 20.6% in the third quarter, although institutional investors and hedge funds collectively own just 0.03% of the stock.

Dassault Systemes SA (OTCMKTS:DASTY - Get Free Report) reached a new 52-week high on Wednesday. The company traded as high as $29.09 and last traded at $28.82, with a volume of 11,334 shares. The stock had previously closed at $27.95.

Analysts Set New Price Targets

DASTY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Dassault Systemes in a research report on Tuesday, September 1st. Citigroup reaffirmed a "neutral" rating on shares of Dassault Systemes in a research note on Monday, July 27th. Finally, Jefferies Financial Group reiterated an "underperform" rating on shares of Dassault Systemes in a report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Dassault Systemes currently has an average rating of "Hold".

Dassault Systemes Price Performance

The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.23. The company has a market cap of $38.90 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. The business's 50 day moving average price is $25.20 and its 200-day moving average price is $23.23.

Institutional Trading of Dassault Systemes

An institutional investor recently raised its position in Dassault Systemes stock. GAMMA Investing LLC lifted its holdings in Dassault Systemes SA (OTCMKTS:DASTY - Free Report) by 20.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,718 shares of the technology company's stock after buying an additional 1,319 shares during the quarter. GAMMA Investing LLC's holdings in Dassault Systemes were worth $177,000 as of its most recent filing with the SEC. 0.03% of the stock is currently owned by institutional investors and hedge funds.

About Dassault Systemes

Dassault Systèmes SE is a France-based software company that develops three-dimensional design, engineering, simulation, manufacturing, and product-lifecycle management solutions. Its technologies help organizations create, test, manufacture, and manage products and processes in virtual environments.

The company's principal offering is the 3DEXPERIENCE platform, which connects design, engineering, simulation, manufacturing, and collaboration tools. Its portfolio includes CATIA for computer-aided design and engineering, SOLIDWORKS for 3D design, SIMULIA for simulation, DELMIA for manufacturing and operations, ENOVIA for product lifecycle management, and BIOVIA for scientific modeling and materials science.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.