Altair Engineering Inc. (NASDAQ:ALTR) is Conestoga Capital Advisors LLC's 9th Largest Position

Conestoga Capital Advisors LLC boosted its stake in shares of Altair Engineering Inc. (NASDAQ:ALTR - Free Report) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,522,551 shares of the software's stock after buying an additional 33,985 shares during the period. Altair Engineering makes up approximately 3.3% of Conestoga Capital Advisors LLC's holdings, making the stock its 9th biggest holding. Conestoga Capital Advisors LLC owned 3.04% of Altair Engineering worth $240,929,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ALTR. Blue Trust Inc. increased its position in shares of Altair Engineering by 572.1% in the third quarter. Blue Trust Inc. now owns 289 shares of the software's stock valued at $28,000 after acquiring an additional 246 shares during the last quarter. GAMMA Investing LLC lifted its stake in Altair Engineering by 81.7% in the second quarter. GAMMA Investing LLC now owns 418 shares of the software's stock valued at $41,000 after acquiring an additional 188 shares during the last quarter. FSC Wealth Advisors LLC grew its position in shares of Altair Engineering by 41.3% in the 2nd quarter. FSC Wealth Advisors LLC now owns 832 shares of the software's stock valued at $82,000 after acquiring an additional 243 shares during the period. Van ECK Associates Corp increased its stake in shares of Altair Engineering by 41.7% during the 2nd quarter. Van ECK Associates Corp now owns 1,057 shares of the software's stock worth $104,000 after purchasing an additional 311 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Altair Engineering in the 1st quarter valued at about $177,000. Institutional investors own 63.38% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Rosenblatt Securities raised their price objective on Altair Engineering from $88.00 to $113.00 and gave the company a "neutral" rating in a research report on Thursday. JPMorgan Chase & Co. cut shares of Altair Engineering from an "overweight" rating to a "neutral" rating and set a $95.00 target price for the company. in a research note on Monday, July 15th. Needham & Company LLC reiterated a "hold" rating and issued a $100.00 price target on shares of Altair Engineering in a research note on Thursday. William Blair restated a "market perform" rating on shares of Altair Engineering in a report on Thursday. Finally, The Goldman Sachs Group cut Altair Engineering from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $85.00 to $71.00 in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $100.71.

Altair Engineering Trading Up 0.0 %

NASDAQ ALTR traded up $0.01 on Friday, reaching $104.00. The company had a trading volume of 2,292,580 shares, compared to its average volume of 517,620. Altair Engineering Inc. has a fifty-two week low of $57.59 and a fifty-two week high of $113.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.14 and a quick ratio of 3.14. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 273.68, a P/E/G ratio of 13.87 and a beta of 1.45. The business has a 50 day moving average of $94.03 and a two-hundred day moving average of $91.38.

Altair Engineering (NASDAQ:ALTR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The software reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. Altair Engineering had a net margin of 5.10% and a return on equity of 7.70%. The firm had revenue of $151.45 million for the quarter, compared to the consensus estimate of $146.55 million. Analysts forecast that Altair Engineering Inc. will post 0.65 EPS for the current year.

Insiders Place Their Bets

In related news, Director Teresa A. Harris sold 620 shares of Altair Engineering stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $82.57, for a total value of $51,193.40. Following the completion of the sale, the director now owns 21,242 shares of the company's stock, valued at approximately $1,753,951.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Altair Engineering news, major shareholder Christ Revocable Trust sold 100,000 shares of the company's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $106.57, for a total value of $10,657,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Teresa A. Harris sold 620 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $82.57, for a total transaction of $51,193.40. Following the transaction, the director now owns 21,242 shares of the company's stock, valued at approximately $1,753,951.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 360,360 shares of company stock worth $35,476,660. 21.75% of the stock is currently owned by company insiders.

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.