Altair Engineering Inc. (NASDAQ:ALTR) Director Teresa A. Harris Sells 620 Shares

Altair Engineering Inc. (NASDAQ:ALTR) Director Teresa A. Harris sold 620 shares of Altair Engineering stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $104.10, for a total transaction of $64,542.00. Following the transaction, the director now owns 21,242 shares of the company’s stock, valued at $2,211,292.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Altair Engineering Trading Down 0.5 %

NASDAQ ALTR opened at $103.99 on Thursday. The business’s fifty day moving average is $95.16 and its 200-day moving average is $92.09. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.27 and a quick ratio of 3.27. The stock has a market capitalization of $8.83 billion, a price-to-earnings ratio of 273.66, a PEG ratio of 13.28 and a beta of 1.44. Altair Engineering Inc. has a one year low of $66.51 and a one year high of $113.12.

Institutional Trading of Altair Engineering

Hedge funds have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. purchased a new stake in shares of Altair Engineering during the 1st quarter worth approximately $1,465,000. SG Americas Securities LLC purchased a new stake in Altair Engineering in the first quarter worth $177,000. Swiss National Bank raised its stake in shares of Altair Engineering by 1.2% in the first quarter. Swiss National Bank now owns 107,800 shares of the software’s stock valued at $9,287,000 after buying an additional 1,300 shares during the period. Sei Investments Co. lifted its position in shares of Altair Engineering by 40.6% during the 1st quarter. Sei Investments Co. now owns 30,813 shares of the software’s stock valued at $2,655,000 after buying an additional 8,905 shares during the last quarter. Finally, QRG Capital Management Inc. grew its stake in shares of Altair Engineering by 9.5% during the 1st quarter. QRG Capital Management Inc. now owns 20,532 shares of the software’s stock worth $1,769,000 after acquiring an additional 1,781 shares during the period. Institutional investors own 63.38% of the company’s stock.

Analysts Set New Price Targets

ALTR has been the subject of a number of analyst reports. Loop Capital reiterated a “hold” rating and set a $113.00 price target on shares of Altair Engineering in a research note on Thursday, October 31st. William Blair reiterated a “market perform” rating on shares of Altair Engineering in a report on Thursday, October 31st. Wolfe Research lowered Altair Engineering from a “strong-buy” rating to a “hold” rating in a research report on Sunday. Rosenblatt Securities lifted their price objective on shares of Altair Engineering from $88.00 to $113.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. downgraded shares of Altair Engineering from an “overweight” rating to a “neutral” rating and set a $95.00 target price for the company. in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $100.71.

About Altair Engineering

Altair Engineering Inc, together with its subsidiaries, provides software and cloud solutions in the areas of simulation and design, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. It operates in two segments, Software and Client Engineering Services.