SCHEDULE 13G/A: BlackRock Discloses 12.5% Stake in Altair Engineering Inc. Common Stock
Beneficial Ownership Report
BlackRock, Inc. has filed an amended Schedule 13G, reporting beneficial ownership of 12.5% of Altair Engineering Inc.'s common stock as of December 31, 2024.
Summary
- BlackRock, Inc. filed an Amendment No. 8 to Schedule 13G regarding its beneficial ownership in Altair Engineering Inc.
- As of December 31, 2024, BlackRock, Inc. beneficially owned an aggregate of 7,478,856 shares of Altair Engineering Inc. Common Stock.
- This ownership represents 12.5% of the total outstanding common stock of Altair Engineering Inc.
- BlackRock, Inc. holds sole voting power over 7,404,746 shares and sole dispositive power over 7,478,856 shares.
- No shared voting power or shared dispositive power was reported.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
- Various BlackRock subsidiaries and affiliates, including BlackRock Fund Advisors, are identified as entities that may have acquired the securities, with BlackRock Fund Advisors beneficially owning 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a factual, routine beneficial ownership report (Schedule 13G) and does not contain information that would typically indicate positive or negative sentiment regarding the issuer's performance or outlook. It simply discloses a significant institutional holding.
Positives
- BlackRock, a major institutional investor, maintains a significant 12.5% stake in Altair Engineering Inc., indicating continued confidence in the company.
- The filing explicitly states that the shares are held in the ordinary course of business and not for the purpose of influencing control, suggesting a passive and stable investment stance.
Negatives
- The document does not contain any negative information regarding Altair Engineering Inc. or BlackRock's investment.
Risks
- The document, being a beneficial ownership report, does not explicitly mention specific risks related to Altair Engineering Inc.'s operations or financial health.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding Altair Engineering Inc.'s future performance or BlackRock's investment strategy beyond the current ownership disclosure.
Industry Context
This filing is a routine disclosure of a significant institutional ownership stake by BlackRock, one of the world's largest asset managers, in a technology company like Altair Engineering Inc. It reflects BlackRock's ongoing portfolio management activities and its investment in the software and simulation industry.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holding by BlackRock, which can be viewed as a vote of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previous Power of Attorney that was revoked by the new one. |
| 2024-12-31 | Date of event which requires the filing of this statement (beneficial ownership snapshot date). |
| 2025-01-21 | Date of execution for the new Power of Attorney. |
| 2025-02-05 | Date of filing/signature of the Schedule 13G Amendment No. 8. |
Keywords
Altair Engineering Inc., BlackRock Inc., Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investment, SEC Filing, Ownership Disclosure
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