Altair Engineering Inc. (NASDAQ:ALTR – Get Free Report) major shareholder Jrs Investments Llc sold 6,500 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $95.10, for a total transaction of $618,150.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Jrs Investments Llc also recently made the following trade(s):
- On Wednesday, August 28th, Jrs Investments Llc sold 6,500 shares of Altair Engineering stock. The shares were sold at an average price of $89.04, for a total transaction of $578,760.00.
- On Monday, July 29th, Jrs Investments Llc sold 6,500 shares of Altair Engineering stock. The shares were sold at an average price of $88.11, for a total transaction of $572,715.00.
Altair Engineering Stock Performance
Shares of ALTR opened at $94.83 on Thursday. The company has a market capitalization of $7.87 billion, a PE ratio of 1,053.67, a price-to-earnings-growth ratio of 12.01 and a beta of 1.45. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.14 and a quick ratio of 3.14. Altair Engineering Inc. has a one year low of $57.59 and a one year high of $101.39. The company’s fifty day moving average price is $89.27 and its 200 day moving average price is $89.26.
Wall Street Analysts Forecast Growth
ALTR has been the topic of several research analyst reports. JPMorgan Chase & Co. cut shares of Altair Engineering from an “overweight” rating to a “neutral” rating and set a $95.00 price target on the stock. in a report on Monday, July 15th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Altair Engineering in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group cut Altair Engineering from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $85.00 to $71.00 in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Altair Engineering presently has a consensus rating of “Hold” and an average price target of $90.67.
Get Our Latest Stock Report on Altair Engineering
Institutional Investors Weigh In On Altair Engineering
Several hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. boosted its holdings in Altair Engineering by 11.6% in the 4th quarter. Principal Financial Group Inc. now owns 6,268 shares of the software’s stock valued at $527,000 after purchasing an additional 653 shares during the period. Norges Bank acquired a new position in shares of Altair Engineering during the fourth quarter valued at about $8,041,000. TD Asset Management Inc bought a new stake in shares of Altair Engineering in the fourth quarter valued at about $2,255,000. Stephens Investment Management Group LLC acquired a new stake in Altair Engineering during the fourth quarter worth about $12,490,000. Finally, Matrix Capital Management Company LP increased its stake in Altair Engineering by 8.3% during the fourth quarter. Matrix Capital Management Company LP now owns 12,233,174 shares of the software’s stock valued at $1,029,422,000 after acquiring an additional 932,717 shares during the period. 63.38% of the stock is owned by institutional investors.
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.
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