Altair Engineering Inc (NASDAQ:ALTR) price target raised to $40.00 by Needham & Company LLC

ME Staff
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Analyst Ratings For Altair Engineering Inc (NASDAQ:ALTR)

Today, Needham & Company LLC raised its price target on Altair Engineering Inc (NASDAQ:ALTR) to $40.00 per share.

There are 5 Buy Ratings, 3 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Altair Engineering Inc (NASDAQ:ALTR) is Buy with a consensus target price of $37.7143 per share, a potential 0.99% downside.

Some recent analyst ratings include

  • 11/27/2017-Altair Engineering Inc (NASDAQ:ALTR) has coverage initiated with a Outperform rating

Recent Insider Trading Activity For Altair Engineering Inc (NASDAQ:ALTR)
Altair Engineering Inc (NASDAQ:ALTR) has insider ownership of 38.24% and institutional ownership of 24.33%.

  • On 6/11/2018 Brett R Chouinard, President, sold 75,000 with an average share price of $33.43 per share and the total transaction amounting to $2,507,250.00.
  • On 6/11/2018 George J Christ, Major Shareholder, sold 600,000 with an average share price of $33.43 per share and the total transaction amounting to $20,058,000.00.
  • On 6/11/2018 Howard N Morof, CFO, sold 210,000 with an average share price of $33.43 per share and the total transaction amounting to $7,020,300.00.
  • On 6/11/2018 James E Brancheau, Director, sold 120,000 with an average share price of $33.43 per share and the total transaction amounting to $4,011,600.00.
  • On 6/11/2018 James Ralph Scapa, CEO, sold 1,075,420 with an average share price of $33.43 per share and the total transaction amounting to $35,951,290.60.
  • On 6/11/2018 Massimo Giuseppe Fariello, Insider, sold 22,000 with an average share price of $33.43 per share and the total transaction amounting to $735,460.00.
  • On 6/11/2018 Nelson Dias, CRO, sold 4,000 with an average share price of $33.43 per share and the total transaction amounting to $133,720.00.

About Altair Engineering Inc (NASDAQ:ALTR)
Altair Engineering Inc., together with its subsidiaries, provides enterprise-class engineering software 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, as well as provides data analytics and true-to-life visualization and rendering. The company also offers client engineering services to support customers with long-term ongoing product design and development services, as well as consulting, training, and support services. Altair Engineering Inc. was founded in 1985 and is headquartered in Troy, Michigan.

Recent Trading Activity for Altair Engineering Inc (NASDAQ:ALTR)
Shares of Altair Engineering Inc closed the previous trading session at 38,07 up +1,53 4,19 % with 662127 shares trading hands.