Dassault Systemes (OTCMKTS:DASTY) Sees Unusually-High Trading Volume – Time to Buy?

by · The Cerbat Gem

Shares of Dassault Systemes SA (OTCMKTS:DASTY – Get Free Report) saw strong trading volume on Tuesday . 872,948 shares traded hands during mid-day trading, an increase of 334% from the previous session’s volume of 201,193 shares.The stock last traded at $27.05 and had previously closed at $27.70.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Dassault Systemes from a “buy” rating to a “hold” rating in a research note on Sunday, September 14th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Read Our Latest Stock Report on Dassault Systemes

Dassault Systemes Trading Down 2.3%

The firm’s 50-day simple moving average is $30.44 and its 200-day simple moving average is $33.18. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $36.31 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 6.18 and a beta of 0.99.

Institutional Investors Weigh In On Dassault Systemes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Yousif Capital Management LLC grew its holdings in Dassault Systemes by 7.4% in the 2nd quarter. Yousif Capital Management LLC now owns 22,389 shares of the technology company’s stock worth $808,000 after acquiring an additional 1,550 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Dassault Systemes by 18.9% during the first quarter. Rhumbline Advisers now owns 20,836 shares of the technology company’s stock worth $795,000 after purchasing an additional 3,306 shares during the period. Finally, Azimuth Capital Investment Management LLC grew its stake in shares of Dassault Systemes by 27.5% in the first quarter. Azimuth Capital Investment Management LLC now owns 120,425 shares of the technology company’s stock worth $4,545,000 after purchasing an additional 25,988 shares during the last quarter. 0.03% of the stock is currently owned by institutional investors.

Dassault Systemes Company Profile

(Get Free Report)

Dassault Systèmes SE provides software solutions and services worldwide. It offers SOLIDWORKS provides easy-to-use 2D and 3D product development solutions accessible to any business; CATIA, an engineering and design software for product 3D computer-aided design; GEOVIA for intersection of natural resources, infrastructure, and urban planning; and BIOVIA that develops chemicals, biologics, and materials experiences.

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