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

Key Points

• Dassault Systèmes shares opened higher, rising from a previous close of $25.07 to $26.38 before last trading at $26.17 on limited volume.
• Analyst sentiment remains cautious, with the stock carrying an average “Hold” rating from MarketBeat-covered analysts; ratings range from Strong Buy to Sell.
• The company has a $34.7 billion market capitalization and modest leverage, while institutional and hedge-fund ownership remains very limited at 0.03%.

Dassault Systemes SA (OTCMKTS:DASTY - Get Free Report) gapped up before the market opened on Friday. The stock had previously closed at $25.07, but opened at $26.38. Dassault Systemes shares last traded at $26.17, with a volume of 7,300 shares traded.

Analyst Ratings Changes

Several brokerages have commented on DASTY. Citigroup reissued a "neutral" rating on shares of Dassault Systemes in a report on Monday, July 27th. Zacks Research upgraded Dassault Systemes from a "strong sell" rating to a "hold" rating in a report on Monday, June 22nd. Jefferies Financial Group upgraded shares of Dassault Systemes to a "moderate sell" rating in a report on Friday, September 25th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Dassault Systemes in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Dassault Systemes presently has an average rating of "Hold".

Dassault Systemes Trading Down 0.3%

The stock has a fifty day moving average of $24.73 and a 200-day moving average of $22.82. The company has a market cap of $34.70 billion, a PE ratio of 22.89, a PEG ratio of 4.73 and a beta of 0.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.99 and a current ratio of 1.99.

Hedge Funds Weigh In On Dassault Systemes

A hedge fund recently raised its stake in Dassault Systemes stock. GAMMA Investing LLC raised its holdings in Dassault Systemes SA (OTCMKTS:DASTY - Free Report) by 20.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,718 shares of the technology company's stock after acquiring 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 owned by institutional investors and hedge funds.

Dassault Systemes Company Profile

Dassault Systèmes SE is a French software company that develops three-dimensional design, engineering, simulation, manufacturing, and product-lifecycle-management solutions. Its technologies help organizations design products, model production processes, test virtual prototypes, and manage data throughout a product's life cycle.

The company's portfolio includes the 3DEXPERIENCE platform and applications such as CATIA for computer-aided design and engineering, SOLIDWORKS for 3D design, ENOVIA for product lifecycle management, DELMIA for manufacturing and operations, SIMULIA for simulation, and BIOVIA and MEDIDATA for scientific research and life sciences.

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