Griffin Securities Issues Positive Outlook for ALTR Earnings

Altair Engineering Inc. (NASDAQ:ALTR) – Griffin Securities lifted their Q1 2025 EPS estimates for shares of Altair Engineering in a research note issued on Sunday, November 3rd. Griffin Securities analyst J. Vleeschhouwer now forecasts that the software will post earnings of $0.30 per share for the quarter, up from their prior 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.

Several other research analysts have also recently issued reports on the company. William Blair reissued a “market perform” rating on shares of Altair Engineering in a research report on Thursday, October 31st. JPMorgan Chase & Co. downgraded shares of Altair Engineering from an “overweight” rating to a “neutral” rating and set a $95.00 price objective on the stock. in a report on Monday, July 15th. Wolfe Research cut shares of Altair Engineering from a “strong-buy” rating to a “hold” rating in a report on Sunday. The Goldman Sachs Group cut shares of Altair Engineering from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $85.00 to $71.00 in a research note on Friday, August 2nd. Finally, Royal Bank of Canada upped their price objective on Altair Engineering from $90.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Altair Engineering presently has a consensus rating of “Hold” and a consensus price target of $100.71.

Altair Engineering Stock Performance

Shares of ALTR opened at $104.52 on Wednesday. The firm has a market capitalization of $8.87 billion, a P/E ratio of 275.05, a PEG ratio of 13.28 and a beta of 1.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.27 and a quick ratio of 3.27. Altair Engineering has a one year low of $65.25 and a one year high of $113.12. The business has a fifty day moving average of $94.57 and a 200 day moving average of $91.85.

Institutional Trading of Altair Engineering

Institutional investors and hedge funds have recently bought and sold shares of the stock. Daiwa Securities Group Inc. purchased a new position in shares of Altair Engineering during the first quarter valued at about $1,465,000. SG Americas Securities LLC purchased a new stake in shares of Altair Engineering in the first quarter worth about $177,000. Swiss National Bank boosted its stake in Altair Engineering by 1.2% during the first quarter. Swiss National Bank now owns 107,800 shares of the software’s stock valued at $9,287,000 after buying an additional 1,300 shares during the last quarter. Sei Investments Co. grew its holdings in Altair Engineering by 40.6% during the 1st quarter. Sei Investments Co. now owns 30,813 shares of the software’s stock valued at $2,655,000 after buying an additional 8,905 shares in the last quarter. Finally, QRG Capital Management Inc. increased its stake in Altair Engineering by 9.5% in the 1st quarter. QRG Capital Management Inc. now owns 20,532 shares of the software’s stock worth $1,769,000 after acquiring an additional 1,781 shares during the last quarter. 63.38% of the stock is currently owned by institutional investors.

Insider Transactions at Altair Engineering

In related news, Director Teresa A. Harris sold 620 shares of Altair Engineering stock in a transaction 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 transaction, the director now owns 21,242 shares in the company, valued at approximately $1,905,407.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Teresa A. Harris sold 620 shares of Altair Engineering stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $89.70, for a total transaction of $55,614.00. Following the sale, the director now owns 21,242 shares of the company’s stock, valued at approximately $1,905,407.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Jrs Investments Llc sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $89.04, for a total value of $578,760.00. The disclosure for this sale can be found here. Insiders sold a total of 359,740 shares of company stock valued at $35,425,466 over the last three months. Corporate insiders own 21.75% 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.