Several analysts have recently updated their ratings and price targets for Altair Engineering (NASDAQ: ALTR):

  • 11/27/2017 – Altair Engineering is now covered by analysts at Royal Bank of Canada. They set a “sector perform” rating and a $26.00 price target on the stock.
  • 11/27/2017 – Altair Engineering is now covered by analysts at Canaccord Genuity. They set a “hold” rating and a $25.00 price target on the stock.
  • 11/27/2017 – Altair Engineering is now covered by analysts at William Blair. They set an “outperform” rating on the stock.
  • 11/27/2017 – Altair Engineering is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $28.00 price target on the stock.
  • 11/27/2017 – Altair Engineering is now covered by analysts at J P Morgan Chase & Co. They set a “neutral” rating and a $25.00 price target on the stock.

Altair Engineering Inc (NASDAQ ALTR) traded down $0.44 during trading on Friday, reaching $21.00. The company had a trading volume of 176,800 shares, compared to its average volume of 372,863. Altair Engineering Inc has a fifty-two week low of $16.55 and a fifty-two week high of $25.59. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of -1.31.

Altair Engineering (NASDAQ:ALTR) last issued its earnings results on Thursday, November 30th. The semiconductor manufacturer reported ($0.59) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.63). The business had revenue of $84.90 million during the quarter, compared to analysts’ expectations of $83.07 million. The company’s revenue was up 8.7% on a year-over-year basis. equities analysts predict that Altair Engineering Inc will post 0.22 earnings per share for the current fiscal year.

In other news, CEO James Ralph Scapa sold 1,734,996 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $12.09, for a total transaction of $20,976,101.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Gc Investments Llc sold 800,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $12.09, for a total value of $9,672,000.00. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by company insiders.

Altair Engineering Inc is a United States-based software company. The Company is focused on developing engineering software and computing technologies. The Company’s products include HyperWorks, solidThinking, PBS Works, and Carriots. The Company offers a range of solutions such as product engineering, industrial design, and tailored solutions.

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