Altair Engineering Inc (NASDAQ:ALTR) Director Jan Kowal sold 8,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $37.62, for a total value of $300,960.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

ALTR stock opened at $39.02 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $2.72 billion, a PE ratio of 105.46 and a beta of 1.63. Altair Engineering Inc has a 1 year low of $25.28 and a 1 year high of $43.99.

A number of equities analysts have commented on the company. Needham & Company LLC increased their target price on Altair Engineering from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday. ValuEngine raised Altair Engineering from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, Zacks Investment Research upgraded Altair Engineering from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, January 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $38.57.

Several hedge funds have recently bought and sold shares of the company. American Century Companies Inc. purchased a new stake in shares of Altair Engineering in the fourth quarter valued at approximately $676,000. Geode Capital Management LLC grew its position in shares of Altair Engineering by 10.6% in the fourth quarter. Geode Capital Management LLC now owns 310,603 shares of the software’s stock valued at $8,566,000 after purchasing an additional 29,726 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Altair Engineering in the fourth quarter valued at approximately $536,000. Legal & General Group Plc grew its position in shares of Altair Engineering by 313.6% in the fourth quarter. Legal & General Group Plc now owns 18,869 shares of the software’s stock valued at $520,000 after purchasing an additional 14,307 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Altair Engineering in the fourth quarter valued at approximately $803,000. Institutional investors and hedge funds own 38.17% of the company’s stock.

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Altair Engineering Company Profile

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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Insider Buying and Selling by Quarter for Altair Engineering (NASDAQ:ALTR)

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