Crossmark Global Holdings Inc. Has $377,000 Stock Holdings in Altair Engineering Inc. (NASDAQ:ALTR)

Crossmark Global Holdings Inc. increased its stake in Altair Engineering Inc. (NASDAQ:ALTR) by 22.0% during the third quarter, Holdings Channel.com reports. The fund owned 3,947 shares of the software’s stock after buying an additional 711 shares during the period. Crossmark Global Holdings Inc.’s holdings in Altair Engineering were worth $377,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. New York State Teachers Retirement System raised its position in shares of Altair Engineering by 1.2% in the 3rd quarter. New York State Teachers Retirement System now owns 8,500 shares of the software’s stock worth $812,000 after acquiring an additional 100 shares in the last quarter. ProShare Advisors LLC grew its position in Altair Engineering by 1.6% in the 2nd quarter. ProShare Advisors LLC now owns 10,219 shares of the software’s stock valued at $1,002,000 after purchasing an additional 160 shares during the period. Ballentine Partners LLC increased its stake in Altair Engineering by 8.5% during the 3rd quarter. Ballentine Partners LLC now owns 2,236 shares of the software’s stock valued at $214,000 after purchasing an additional 175 shares in the last quarter. GAMMA Investing LLC raised its holdings in Altair Engineering by 81.7% during the second quarter. GAMMA Investing LLC now owns 418 shares of the software’s stock worth $41,000 after buying an additional 188 shares during the last quarter. Finally, FSC Wealth Advisors LLC grew its holdings in shares of Altair Engineering by 41.3% during the second quarter. FSC Wealth Advisors LLC now owns 832 shares of the software’s stock valued at $82,000 after buying an additional 243 shares during the last quarter. 63.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ALTR shares. Loop Capital restated a “hold” rating and issued a $113.00 target price on shares of Altair Engineering in a report on Thursday, October 31st. Rosenblatt Securities increased their price objective on Altair Engineering from $88.00 to $113.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. The Goldman Sachs Group downgraded Altair Engineering from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $85.00 to $71.00 in a report on Friday, August 2nd. William Blair reissued a “market perform” rating on shares of Altair Engineering in a research report on Thursday, October 31st. Finally, Wolfe Research downgraded shares of Altair Engineering from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $100.71.

Insider Buying and Selling

In related news, insider Ravi Kunju sold 360 shares of Altair Engineering stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $103.65, for a total value of $37,314.00. Following the completion of the sale, the insider now owns 30,305 shares of the company’s stock, valued at approximately $3,141,113.25. This trade represents a 1.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Christ Revocable Trust sold 100,000 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $106.57, for a total transaction of $10,657,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 362,544 shares of company stock worth $35,717,201. Insiders own 21.75% of the company’s stock.

Altair Engineering Trading Up 0.0 %

Shares of Altair Engineering stock opened at $103.75 on Monday. The firm has a market cap of $8.83 billion, a PE ratio of 273.03, a P/E/G ratio of 11.93 and a beta of 1.44. Altair Engineering Inc. has a 1 year low of $68.87 and a 1 year high of $113.12. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.27 and a quick ratio of 3.27. The stock has a fifty day moving average price of $97.40 and a 200-day moving average price of $93.21.

Altair Engineering 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.