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 that occurred on Tuesday, November 5th. The stock was sold at an average price of $104.10, for a total transaction of $64,542.00. Following the sale, the director now owns 21,242 shares in the company, valued at approximately $2,211,292.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Altair Engineering Trading Down 0.5 %

Shares of ALTR stock opened at $103.99 on Thursday. Altair Engineering Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $113.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.27 and a current ratio of 3.27. The stock has a 50 day simple moving average of $95.16 and a two-hundred day simple moving average of $92.09. The company has a market cap of $8.83 billion, a P/E ratio of 273.66, a PEG ratio of 13.28 and a beta of 1.44.

Institutional Trading of Altair Engineering

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in Altair Engineering by 572.1% in the third quarter. Blue Trust Inc. now owns 289 shares of the software’s stock worth $28,000 after purchasing an additional 246 shares during the period. GAMMA Investing LLC increased its position in Altair Engineering by 81.7% in the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the software’s stock valued at $41,000 after buying an additional 188 shares in the last quarter. FSC Wealth Advisors LLC raised its stake in Altair Engineering by 41.3% during the 2nd quarter. FSC Wealth Advisors LLC now owns 832 shares of the software’s stock worth $82,000 after buying an additional 243 shares during the period. Van ECK Associates Corp raised its stake in Altair Engineering by 41.7% during the 2nd quarter. Van ECK Associates Corp now owns 1,057 shares of the software’s stock worth $104,000 after buying an additional 311 shares during the period. Finally, KBC Group NV boosted its holdings in Altair Engineering by 17.9% in the third quarter. KBC Group NV now owns 1,640 shares of the software’s stock worth $157,000 after acquiring an additional 249 shares in the last quarter. Institutional investors own 63.38% of the company’s stock.

Wall Street Analysts Forecast Growth

ALTR has been the topic of several analyst reports. William Blair reissued a “market perform” rating on shares of Altair Engineering in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 target price on shares of Altair Engineering in a report on Thursday, October 31st. Rosenblatt Securities increased their price target on Altair Engineering from $88.00 to $113.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Wolfe Research lowered Altair Engineering from a “strong-buy” rating to a “hold” rating in a research note on Sunday. Finally, Loop Capital reissued a “hold” rating and set a $113.00 target price on shares of Altair Engineering in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $100.71.

Altair Engineering Company Profile

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.