Altair Engineering Inc. (NASDAQ:ALTR) CRO Sells $41,600.69 in Stock

Altair Engineering Inc. (NASDAQ:ALTR) CRO Nelson Dias sold 373 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $111.53, for a total transaction of $41,600.69. Following the sale, the executive now directly owns 57,573 shares in the company, valued at $6,421,116.69. This trade represents a 0.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Nelson Dias also recently made the following trade(s):

• On Tuesday, December 10th, Nelson Dias sold 22,500 shares of Altair Engineering stock. The stock was sold at an average price of $106.23, for a total transaction of $2,390,175.00.

Altair Engineering Price Performance

Shares of NASDAQ:ALTR opened at $111.60 on Friday. Altair Engineering Inc. has a one year low of $75.71 and a one year high of $113.12. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 656.47, a PEG ratio of 10.75 and a beta of 1.42. The company’s fifty day moving average price is $110.34 and its 200-day moving average price is $102.26.

Altair Engineering (NASDAQ:ALTR) last announced its quarterly earnings data on Thursday, February 20th. The software reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.15). Altair Engineering had a net margin of 2.13% and a return on equity of 8.08%. The business had revenue of $192.63 million during the quarter, compared to analysts’ expectations of $182.98 million. As a group, equities research analysts expect that Altair Engineering Inc. will post 0.87 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ALTR. Rosenblatt Securities reaffirmed a “neutral” rating and set a $113.00 target price on shares of Altair Engineering in a report on Monday, February 24th. Needham & Company LLC reissued a “hold” rating on shares of Altair Engineering in a report on Friday, February 21st. Finally, Wolfe Research lowered shares of Altair Engineering from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 3rd. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $100.83.

Institutional Investors Weigh In On Altair Engineering

Institutional investors have recently made changes to their positions in the business. NBT Bank N A NY boosted its stake in shares of Altair Engineering by 76.4% in the 4th quarter. NBT Bank N A NY now owns 247 shares of the software’s stock valued at $27,000 after purchasing an additional 107 shares in the last quarter. Blue Trust Inc. boosted its position in Altair Engineering by 572.1% during the 3rd quarter. Blue Trust Inc. now owns 289 shares of the software’s stock valued at $28,000 after buying an additional 246 shares during the period. UMB Bank n.a. grew its holdings in Altair Engineering by 77.0% in the 4th quarter. UMB Bank n.a. now owns 285 shares of the software’s stock worth $31,000 after acquiring an additional 124 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in Altair Engineering in the 4th quarter worth $37,000. Finally, GAMMA Investing LLC grew its holdings in Altair Engineering by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 729 shares of the software’s stock worth $80,000 after acquiring an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 63.38% of the company’s stock.

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.