Altair Engineering Inc (ALTR) Director Jan Kowal Sells 8,000 Shares of Stock

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Altair Engineering Inc (NASDAQ:ALTR) Director Jan Kowal sold 8,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $37.62, for a total value of $300,960.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ ALTR traded up $0.75 during midday trading on Friday, reaching $39.02. 472,931 shares of the company traded hands, compared to its average volume of 227,095. The stock has a market cap of $2.72 billion, a PE ratio of 105.46 and a beta of 1.63. Altair Engineering Inc has a 12 month low of $25.28 and a 12 month high of $43.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.19 and a current ratio of 1.21.

Several research analysts recently commented on the company. Zacks Investment Research cut Altair Engineering from a “buy” rating to a “hold” rating in a research report on Monday, December 17th. Needham & Company LLC raised their target price on Altair Engineering from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, ValuEngine raised Altair Engineering from a “hold” rating to a “buy” rating in a research report on Saturday, December 1st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $38.57.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc lifted its holdings in shares of Altair Engineering by 22.9% during the third quarter. Legal & General Group Plc now owns 4,562 shares of the software’s stock valued at $198,000 after acquiring an additional 850 shares during the period. Rhumbline Advisers lifted its holdings in shares of Altair Engineering by 8.4% during the third quarter. Rhumbline Advisers now owns 25,688 shares of the software’s stock valued at $1,116,000 after acquiring an additional 1,982 shares during the period. Quantbot Technologies LP lifted its holdings in shares of Altair Engineering by 39.4% during the third quarter. Quantbot Technologies LP now owns 9,811 shares of the software’s stock valued at $426,000 after acquiring an additional 2,775 shares during the period. NumerixS Investment Technologies Inc bought a new position in shares of Altair Engineering during the fourth quarter valued at $78,000. Finally, Barclays PLC lifted its holdings in shares of Altair Engineering by 32.0% during the fourth quarter. Barclays PLC now owns 15,727 shares of the software’s stock valued at $435,000 after acquiring an additional 3,815 shares during the period. 38.17% of the stock is owned by institutional investors.

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About Altair Engineering

Altair Engineering Inc, together with its subsidiaries, provides software and cloud solutions worldwide. The company operates through two segments, Software and Client Engineering Services. Its integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling and embedded systems.

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