Short Interest in Dassault Systèmes SE (OTCMKTS:DASTY) Declines By 87.9%

Dassault Systèmes SE (OTCMKTS:DASTY - Get Free Report) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 6,100 shares, a drop of 87.9% from the March 15th total of 50,300 shares. Based on an average daily trading volume, of 142,500 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Dassault Systèmes

A hedge fund recently raised its stake in Dassault Systèmes stock. Rhumbline Advisers boosted its position in Dassault Systèmes SE (OTCMKTS:DASTY - Free Report) by 18.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,836 shares of the technology company's stock after acquiring an additional 3,306 shares during the period. Rhumbline Advisers' holdings in Dassault Systèmes were worth $795,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.03% of the company's stock.

Analysts Set New Price Targets

Separately, Berenberg Bank raised Dassault Systèmes from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd.

Dassault Systèmes Stock Performance

DASTY stock traded down $0.29 during midday trading on Friday, hitting $37.37. 61,584 shares of the company traded hands, compared to its average volume of 114,869. The stock has a market capitalization of $50.02 billion, a price-to-earnings ratio of 38.13, a price-to-earnings-growth ratio of 3.83 and a beta of 0.95. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.26. Dassault Systèmes has a twelve month low of $32.85 and a twelve month high of $44.18. The business has a 50 day simple moving average of $40.21 and a 200-day simple moving average of $37.44.

Dassault Systèmes (OTCMKTS:DASTY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). Dassault Systèmes had a net margin of 19.29% and a return on equity of 18.50%. As a group, equities research analysts predict that Dassault Systèmes will post 1.31 earnings per share for the current year.

Dassault Systèmes 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.