Altair Engineering Inc – Class A (NASDAQ:ALTR)’s Stock Is Buy After Less Market Selling

October 2, 2018 - By Clifton Ray

Altair Engineering Inc. (NASDAQ:ALTR) Logo

Investors sentiment is 0 in 2018 Q2. Its the same as in 2018Q1. It is without change, as 0 investors sold Altair Engineering Inc. shares while 0 reduced holdings. only 2 funds opened positions while 0 raised stakes. 19,036 shares or Infinity% more from shares in 2018Q1 were reported.
Whittier holds 0.01% of its portfolio in Altair Engineering Inc. (NASDAQ:ALTR) for 2,925 shares. Whittier Trust Co Of Nevada Incorporated, Nevada-based fund reported 6,593 shares.

The stock of Altair Engineering Inc – Class A (NASDAQ:ALTR) registered a decrease of 8.77% in short interest. ALTR’s total short interest was 868,600 shares in October as published by FINRA. Its down 8.77% from 952,100 shares, reported previously. With 313,300 shares average volume, it will take short sellers 3 days to cover their ALTR’s short positions. The short interest to Altair Engineering Inc – Class A’s float is 2.84%.

The stock decreased 1.61% or $0.7 during the last trading session, reaching $42.75. About 338,825 shares traded or 2.49% up from the average. Altair Engineering Inc. (NASDAQ:ALTR) has 0.00% since October 2, 2017 and is . It has underperformed by 15.62% the S&P500.

Altair Engineering Inc., together with its subsidiaries, provides enterprise-class engineering software worldwide. The company has market cap of $2.99 billion. The Company’s 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. It currently has negative earnings. The firm also offers client engineering services to support clients with long-term ongoing product design and development services, as well as consulting, training, and support services.

Altair Engineering Inc. (NASDAQ:ALTR) Ratings Coverage

Among 3 analysts covering Altair Engineering (NASDAQ:ALTR), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Altair Engineering had 3 analyst reports since August 10, 2018 according to SRatingsIntel. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, August 10. The rating was maintained by JP Morgan with “Neutral” on Friday, August 10. On Friday, August 10 the stock rating was maintained by Canaccord Genuity with “Hold”.

More notable recent Altair Engineering Inc. (NASDAQ:ALTR) news were published by: Nasdaq.com which released: “Altair Introduces Open Source and Free Basic Editions for Model-Based Development Offerings” on September 12, 2018, also Seekingalpha.com with their article: “Altair Engineering: Switch To Calls” published on September 30, 2018, Nasdaq.com published: “Introduction of Altair Inspire and Altair 365 Poised to Transform Product Development” on September 06, 2018. More interesting news about Altair Engineering Inc. (NASDAQ:ALTR) were released by: Nasdaq.com and their article: “WEYV Announces Integration with Google Chromecast, Extending the WEYV Experience to the TV” published on September 27, 2018 as well as Nasdaq.com‘s news article titled: “WEYV Announces Integration with Amazon Alexa, Creating a Hands-Free User Experience” with publication date: September 12, 2018.

Altair Engineering Inc. (NASDAQ:ALTR) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>