Dassault Systèmes SE (OTCMKTS:DASTY) Short Interest Down 77.9% in May

Dassault Systèmes SE (OTCMKTS:DASTYGet Rating) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 3,000 shares, a decline of 77.9% from the May 15th total of 13,600 shares. Based on an average daily trading volume, of 192,000 shares, the days-to-cover ratio is presently 0.0 days.

Hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in shares of Dassault Systèmes during the first quarter worth $29,000. Toroso Investments LLC bought a new stake in Dassault Systèmes in the third quarter valued at about $299,000. Castleview Partners LLC bought a new stake in Dassault Systèmes in the fourth quarter valued at about $197,000. One Wealth Advisors LLC bought a new stake in Dassault Systèmes in the third quarter valued at about $673,000. Finally, PNC Financial Services Group Inc. increased its holdings in Dassault Systèmes by 4.7% in the first quarter. PNC Financial Services Group Inc. now owns 16,699 shares of the technology company’s stock valued at $830,000 after purchasing an additional 746 shares during the last quarter. Institutional investors own 0.20% of the company’s stock.

DASTY traded down $1.64 during trading on Friday, hitting $38.06. The company’s stock had a trading volume of 138,210 shares, compared to its average volume of 84,288. The firm’s 50 day moving average price is $42.52 and its two-hundred day moving average price is $48.83. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.42. Dassault Systèmes has a 12 month low of $37.64 and a 12 month high of $64.00. The stock has a market capitalization of $50.90 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 3.33 and a beta of 0.93.

The company also recently announced a dividend, which will be paid on Tuesday, June 14th. Stockholders of record on Friday, May 20th will be given a dividend of $0.1479 per share. The ex-dividend date of this dividend is Thursday, May 19th. This represents a dividend yield of 0.37%. Dassault Systèmes’s payout ratio is currently 19.48%.

A number of research firms have weighed in on DASTY. Morgan Stanley lowered their price objective on Dassault Systèmes from €61.00 ($65.59) to €53.00 ($56.99) in a research note on Monday, March 28th. Barclays upgraded Dassault Systèmes from an “equal weight” rating to an “overweight” rating in a report on Thursday, April 28th. Bryan, Garnier & Co cut Dassault Systèmes from a “buy” rating to a “neutral” rating and set a €49.00 ($52.69) target price for the company. in a research report on Friday, March 25th. JPMorgan Chase & Co. cut their target price on Dassault Systèmes from €58.00 ($62.37) to €54.00 ($58.06) in a research note on Friday, April 29th. Finally, Berenberg Bank started coverage on Dassault Systèmes in a research note on Friday, February 18th. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $52.00.

About Dassault Systèmes (Get Rating)

Dassault Systèmes SE provides software solutions and services worldwide. It offers SOLIDWORKS design software for 3D design, electrical and printed circuit board design, product data management, simulation, manufacturing, and technical communication; CATIA, an engineering and design software for product 3D computer-aided design; GEOVIA for modeling and simulating the earth; and BIOVIA that provides the scientific community with advanced biological, chemical, and materials experiences.

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