Captrust Financial Advisors Has $593,000 Stock Holdings in Altair Engineering Inc. (NASDAQ:ALTR)

Captrust Financial Advisors cut its stake in Altair Engineering Inc. (NASDAQ:ALTR) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,204 shares of the software’s stock after selling 247 shares during the period. Captrust Financial Advisors’ holdings in Altair Engineering were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in ALTR. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Altair Engineering in the 3rd quarter valued at $1,356,000. Glenmede Trust Co. NA increased its stake in Altair Engineering by 11.1% in the third quarter. Glenmede Trust Co. NA now owns 23,343 shares of the software’s stock valued at $2,229,000 after acquiring an additional 2,334 shares during the last quarter. Mirabella Financial Services LLP boosted its stake in Altair Engineering by 560.7% in the third quarter. Mirabella Financial Services LLP now owns 37,262 shares of the software’s stock valued at $3,420,000 after buying an additional 31,622 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Altair Engineering by 27.0% in the 3rd quarter. Fisher Asset Management LLC now owns 401,612 shares of the software’s stock valued at $38,358,000 after purchasing an additional 85,303 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Altair Engineering by 44.1% in the third quarter. Daiwa Securities Group Inc. now owns 24,500 shares of the software’s stock valued at $2,340,000 after buying an additional 7,500 shares in the last quarter. 63.38% of the stock is owned by institutional investors.

Altair Engineering Trading Down 0.3 %

NASDAQ ALTR opened at $105.80 on Thursday. The stock has a market capitalization of $9.00 billion, a P/E ratio of 278.43, a P/E/G ratio of 12.20 and a beta of 1.44. The business has a 50 day simple moving average of $102.36 and a 200 day simple moving average of $95.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.27 and a quick ratio of 3.27. Altair Engineering Inc. has a one year low of $72.29 and a one year high of $113.12.

Insider Transactions at Altair Engineering

In related news, major shareholder Christ Revocable Trust sold 50,048 shares of Altair Engineering stock in a transaction on Friday, September 27th. The shares were sold at an average price of $95.07, for a total value of $4,758,063.36. Following the completion of the sale, the insider now owns 149,952 shares of the company’s stock, valued at approximately $14,255,936.64. This trade represents a 25.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ravi Kunju sold 360 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $103.65, for a total transaction of $37,314.00. Following the sale, the insider now owns 30,305 shares of the company’s stock, valued at $3,141,113.25. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 400,519 shares of company stock valued at $40,076,873 in the last quarter. 21.75% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ALTR has been the subject of several recent research reports. Needham & Company LLC reaffirmed a “hold” rating and issued a $100.00 price objective on shares of Altair Engineering in a research note on Thursday, October 31st. Rosenblatt Securities upped their price target on shares of Altair Engineering from $88.00 to $113.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Loop Capital reiterated a “hold” rating and set a $113.00 price target on shares of Altair Engineering in a report on Thursday, October 31st. Royal Bank of Canada increased their price objective on Altair Engineering from $90.00 to $113.00 and gave the company a “sector perform” rating in a report on Thursday, October 31st. Finally, William Blair reaffirmed a “market perform” rating on shares of Altair Engineering in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $100.71.

Altair Engineering Company Profile

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.