Griffin Securities Has Bullish Estimate for ALTR Q1 Earnings

Altair Engineering Inc. (NASDAQ:ALTR) – Analysts at Griffin Securities raised their Q1 2025 earnings per share estimates for shares of Altair Engineering in a research note issued on Sunday, November 3rd. Griffin Securities analyst J. Vleeschhouwer now anticipates that the software will earn $0.30 per share for the quarter, up from their previous estimate of $0.28. The consensus estimate for Altair Engineering’s current full-year earnings is $0.65 per share. Griffin Securities also issued estimates for Altair Engineering’s Q2 2025 earnings at $0.06 EPS and Q4 2025 earnings at $0.31 EPS.

A number of other brokerages have also recently commented on ALTR. Loop Capital restated a “hold” rating and set a $113.00 target price on shares of Altair Engineering in a report on Thursday, October 31st. William Blair restated a “market perform” rating on shares of Altair Engineering in a report on Thursday, October 31st. The Goldman Sachs Group lowered shares of Altair Engineering from a “neutral” rating to a “sell” rating and lowered their target price for the company from $85.00 to $71.00 in a report on Friday, August 2nd. Needham & Company LLC restated a “hold” rating and issued a $100.00 price target on shares of Altair Engineering in a research note on Thursday, October 31st. Finally, Royal Bank of Canada raised their price objective on Altair Engineering from $90.00 to $113.00 and gave the company a “sector perform” rating in a research report on Thursday, October 31st. 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $100.71.

Altair Engineering Trading Down 0.0 %

NASDAQ ALTR opened at $103.96 on Wednesday. The stock’s 50 day moving average is $95.45 and its 200 day moving average is $92.17. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.83 billion, a PE ratio of 273.59, a P/E/G ratio of 13.28 and a beta of 1.44. Altair Engineering has a twelve month low of $67.64 and a twelve month high of $113.12.

Institutional Investors Weigh In On Altair Engineering

A number of hedge funds have recently added to or reduced their stakes in ALTR. Quest Partners LLC bought a new stake in shares of Altair Engineering in the third quarter worth $617,000. Thrivent Financial for Lutherans lifted its holdings in Altair Engineering by 1.5% in the third quarter. Thrivent Financial for Lutherans now owns 13,961 shares of the software’s stock valued at $1,333,000 after acquiring an additional 201 shares during the period. Zions Bancorporation N.A. boosted its position in Altair Engineering by 17.4% in the third quarter. Zions Bancorporation N.A. now owns 22,493 shares of the software’s stock worth $2,148,000 after purchasing an additional 3,326 shares during the last quarter. KBC Group NV grew its stake in shares of Altair Engineering by 17.9% during the 3rd quarter. KBC Group NV now owns 1,640 shares of the software’s stock valued at $157,000 after purchasing an additional 249 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Altair Engineering by 25.2% during the 3rd quarter. Victory Capital Management Inc. now owns 388,089 shares of the software’s stock valued at $37,066,000 after purchasing an additional 78,048 shares during the last quarter. 63.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Altair Engineering

In related news, insider Jeffrey Marraccini sold 1,824 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $104.10, for a total transaction of $189,878.40. Following the sale, the insider now directly owns 4,680 shares of the company’s stock, valued at $487,188. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Teresa A. Harris sold 620 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $89.70, for a total transaction of $55,614.00. Following the completion of the transaction, the director now directly owns 21,242 shares of the company’s stock, valued at $1,905,407.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey Marraccini sold 1,824 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $104.10, for a total transaction of $189,878.40. Following the completion of the sale, the insider now owns 4,680 shares in the company, valued at $487,188. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 362,184 shares of company stock worth $35,679,887 over the last quarter. 21.75% of the stock is currently owned by insiders.

Altair Engineering Company 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.