Dassault Systemes (OTCMKTS:DASTY) Shares Gap Down – What’s Next?

Dassault Systemes SA (OTCMKTS:DASTY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $21.4624, but opened at $20.17. Dassault Systemes shares last traded at $19.97, with a volume of 8,345 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DASTY shares. Kepler Capital Markets raised shares of Dassault Systemes to a “strong-buy” rating in a research report on Thursday, February 19th. The Goldman Sachs Group downgraded shares of Dassault Systemes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Jefferies Financial Group restated 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 report on Friday, February 20th. Finally, Zacks Research cut shares of Dassault Systemes from a “hold” rating to a “strong sell” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Dassault Systemes Trading Down 7.0%

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 stock has a market cap of $26.79 billion, a P/E ratio of 18.84, a PEG ratio of 6.18 and a beta of 1.00. The firm’s 50-day simple moving average is $22.24 and its 200 day simple moving average is $24.06.

Institutional Inflows and Outflows

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