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Shares of Altair Engineering Inc. (NASDAQ:ALTR Get Rating) have received an average rating of Hold from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $82.25.

A number of research analysts recently weighed in on ALTR shares. Zacks Investment Research lowered shares of Altair Engineering from a buy rating to a hold rating in a research note on Wednesday, March 2nd. The Goldman Sachs Group decreased their price target on shares of Altair Engineering from $78.00 to $67.00 and set a neutral rating on the stock in a research note on Monday, March 7th.

In other Altair Engineering news, CMO Amy Messano sold 396 shares of the firms stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $64.55, for a total value of $25,561.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gilma Saravia sold 816 shares of the firms stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $64.55, for a total transaction of $52,672.80. The disclosure for this sale can be found here. Insiders sold a total of 11,176 shares of company stock worth $693,839 over the last three months. Corporate insiders own 22.65% of the companys stock.

Shares of ALTR opened at $55.11 on Friday. The businesss 50-day moving average is $61.45 and its two-hundred day moving average is $67.15. The company has a market capitalization of $4.37 billion, a P/E ratio of -423.92 and a beta of 1.52. Altair Engineering has a fifty-two week low of $53.44 and a fifty-two week high of $82.96.

Altair Engineering (NASDAQ:ALTR Get Rating) last posted its earnings results on Thursday, February 24th. The software reported $0.05 EPS for the quarter, beating the Zacks consensus estimate of ($0.03) by $0.08. Altair Engineering had a positive return on equity of 3.72% and a negative net margin of 1.65%. The firm had revenue of $140.80 million for the quarter, compared to analysts expectations of $126.05 million. During the same period last year, the firm earned $0.09 EPS. The companys quarterly revenue was up 5.5% on a year-over-year basis. As a group, analysts predict that Altair Engineering will post 0.2 earnings per share for the current fiscal year.

Altair Engineering Company Profile (Get Rating)

Altair Engineering Inc, together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. The company operates in two segments, Software and Client Engineering Services. The Software segment includes solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet of Things platform and analytics tools, as well as support and the complementary software products.

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Altair Engineering Inc. (NASDAQ:ALTR) Receives Consensus Recommendation of Hold from Analysts - Defense World