Dassault Systemes (OTCMKTS:DASTY) Trading Down 0.2% – Here’s What Happened

Dassault Systemes SA (OTCMKTS:DASTY)’s stock price dropped 0.2% during mid-day trading on Monday . The company traded as low as $36.63 and last traded at $36.89. Approximately 42,885 shares traded hands during trading, a decline of 64% from the average daily volume of 117,927 shares. The stock had previously closed at $36.97.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Dassault Systemes to a “strong-buy” rating in a research note on Friday, June 6th.

Dassault Systemes Stock Performance

The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $49.46 billion, a P/E ratio of 38.43, a price-to-earnings-growth ratio of 4.30 and a beta of 0.99. The business’s 50 day simple moving average is $37.05 and its two-hundred day simple moving average is $38.22.

Dassault Systemes Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 26th. Investors of record on Friday, May 23rd were issued a $0.222 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a yield of 0.58%. Dassault Systemes’s payout ratio is 22.92%.

Institutional Trading of Dassault Systemes

Several large investors have recently modified their holdings of the company. Riverbridge Partners LLC bought a new stake in Dassault Systemes during the 1st quarter worth approximately $206,000. Rhumbline Advisers boosted its stake in shares of Dassault Systemes by 18.9% in the first quarter. Rhumbline Advisers now owns 20,836 shares of the technology company’s stock worth $795,000 after acquiring an additional 3,306 shares during the period. Boston Common Asset Management LLC grew its position in shares of Dassault Systemes by 38.0% during the first quarter. Boston Common Asset Management LLC now owns 40,184 shares of the technology company’s stock worth $1,517,000 after purchasing an additional 11,066 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC raised its stake in Dassault Systemes by 27.5% during the 1st quarter. Azimuth Capital Investment Management LLC now owns 120,425 shares of the technology company’s stock valued at $4,545,000 after purchasing an additional 25,988 shares during the period. Institutional investors own 0.03% of the company’s stock.

Dassault Systemes Company Profile

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.