Dassault Systemes (OTCMKTS:DASTY) Stock Price Down 5.1% – What’s Next?

Dassault Systemes SA (OTCMKTS:DASTY)’s stock price fell 5.1% on Thursday . The company traded as low as $21.1380 and last traded at $21.15. 26,106 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 306,716 shares. The stock had previously closed at $22.2790.

Analysts Set New Price Targets

A number of brokerages have weighed in on DASTY. Jefferies Financial Group reissued a “buy” rating on shares of Dassault Systemes in a research report on Monday, April 20th. Citigroup restated a “neutral” rating on shares of Dassault Systemes in a research note on Friday, February 20th. Zacks Research downgraded Dassault Systemes from a “hold” rating to a “strong sell” rating in a research note on Friday, May 22nd. The Goldman Sachs Group downgraded Dassault Systemes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Kepler Capital Markets upgraded Dassault Systemes to a “strong-buy” rating in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Dassault Systemes Trading Down 4.3%

The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $28.60 billion, a P/E ratio of 20.10, a P/E/G ratio of 6.33 and a beta of 1.00. The stock has a 50 day moving average of $22.21 and a 200-day moving average of $24.10.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Dassault Systemes stock. GAMMA Investing LLC boosted its holdings in Dassault Systemes SA (OTCMKTS:DASTY) by 49.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,866 shares of the technology company’s stock after purchasing an additional 951 shares during the quarter. GAMMA Investing LLC’s holdings in Dassault Systemes were worth $80,000 as of its most recent SEC filing. Institutional investors own 0.03% of the company’s stock.

About Dassault Systemes

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.