QRG Capital Administration Inc. elevated its stake in shares of Altair Engineering Inc. (NASDAQ:ALTR – Free Report) by 9.2% within the third quarter, HoldingsChannel experiences. The agency owned 25,874 shares of the software program’s inventory after shopping for an extra 2,190 shares throughout the interval. QRG Capital Administration Inc.’s holdings in Altair Engineering have been price $2,471,000 as of its most up-to-date SEC submitting.
Different hedge funds have additionally purchased and offered shares of the corporate. Blue Belief Inc. raised its place in shares of Altair Engineering by 572.1% throughout the third quarter. Blue Belief Inc. now owns 289 shares of the software program’s inventory valued at $28,000 after shopping for an extra 246 shares throughout the interval. GAMMA Investing LLC grew its stake in Altair Engineering by 81.7% within the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the software program’s inventory price $41,000 after buying an extra 188 shares throughout the interval. FSC Wealth Advisors LLC grew its place in Altair Engineering by 41.3% throughout the second quarter. FSC Wealth Advisors LLC now owns 832 shares of the software program’s inventory valued at $82,000 after buying an extra 243 shares throughout the interval. Van ECK Associates Corp grew its holdings in Altair Engineering by 41.7% throughout the 2nd quarter. Van ECK Associates Corp now owns 1,057 shares of the software program’s inventory valued at $104,000 after buying an extra 311 shares within the final quarter. Lastly, SG Americas Securities LLC purchased a brand new stake in Altair Engineering within the first quarter valued at about $177,000. Institutional traders and hedge funds personal 63.38% of the corporate’s inventory.
Altair Engineering Inventory Efficiency
Shares of NASDAQ ALTR opened at $103.99 on Thursday. Altair Engineering Inc. has a 52-week low of $66.51 and a 52-week excessive of $113.12. The inventory has a market capitalization of $8.83 billion, a P/E ratio of 273.66, a P/E/G ratio of 13.28 and a beta of 1.44. The agency’s 50-day transferring common value is $94.86 and its two-hundred day transferring common value is $92.01. The corporate has a fast ratio of three.27, a present ratio of three.27 and a debt-to-equity ratio of 0.27.
Analyst Scores Modifications
Quite a lot of equities analysts not too long ago weighed in on ALTR shares. Loop Capital reissued a “maintain” ranking and issued a $113.00 value goal on shares of Altair Engineering in a analysis word on Thursday, October thirty first. William Blair restated a “market carry out” ranking on shares of Altair Engineering in a report on Thursday, October thirty first. Wolfe Analysis reduce shares of Altair Engineering from a “strong-buy” ranking to a “maintain” ranking in a analysis report on Sunday. Needham & Firm LLC reaffirmed a “maintain” ranking and set a $100.00 value goal on shares of Altair Engineering in a analysis report on Thursday, October thirty first. Lastly, Rosenblatt Securities elevated their value goal on Altair Engineering from $88.00 to $113.00 and gave the inventory a “impartial” ranking in a analysis report on Thursday, October thirty first. One analyst has rated the inventory with a promote ranking, seven have issued a maintain ranking and one has assigned a purchase ranking to the inventory. In response to MarketBeat.com, the inventory presently has a consensus ranking of “Maintain” and a consensus value goal of $100.71.
Verify Out Our Newest Evaluation on Altair Engineering
Insider Shopping for and Promoting at Altair Engineering
In different Altair Engineering information, Director Teresa A. Harris offered 620 shares of the corporate’s inventory in a transaction that occurred on Tuesday, November fifth. The shares have been offered at a mean value of $104.10, for a complete worth of $64,542.00. Following the completion of the sale, the director now owns 21,242 shares of the corporate’s inventory, valued at roughly $2,211,292.20. This represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which is accessible by way of the SEC web site. In different information, Director Teresa A. Harris offered 620 shares of the inventory in a transaction dated Tuesday, November fifth. The shares have been offered at a mean value of $104.10, for a complete worth of $64,542.00. Following the completion of the transaction, the director now owns 21,242 shares of the corporate’s inventory, valued at roughly $2,211,292.20. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which might be accessed by way of the SEC web site. Additionally, CEO James Ralph Scapa offered 13,000 shares of the corporate’s inventory in a transaction dated Monday, October twenty eighth. The shares have been offered at a mean value of $102.59, for a complete transaction of $1,333,670.00. Following the transaction, the chief govt officer now owns 134,045 shares within the firm, valued at $13,751,676.55. This represents a 0.00 % lower of their place. The disclosure for this sale might be discovered right here. Insiders have offered 360,360 shares of firm inventory valued at $35,490,008 within the final 90 days. 21.75% of the inventory is presently owned by insiders.
Altair Engineering Profile
Altair Engineering Inc, along with its subsidiaries, offers software program and cloud options within the areas of simulation and design, high-performance computing, information analytics, and synthetic intelligence in the USA and internationally. It operates in two segments, Software program and Shopper Engineering Companies.
Additional Studying
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