Altair Engineering Inc. (NASDAQ:ALTR) CRO Nelson Dias Sells 1,671 Shares

Altair Engineering Inc. (NASDAQ:ALTR) CRO Nelson Dias sold 1,671 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $111.30, for a total transaction of $185,982.30. Following the transaction, the executive now directly owns 55,411 shares of the company’s stock, valued at approximately $6,167,244.30. This trade represents a 2.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, March 3rd, Nelson Dias sold 491 shares of Altair Engineering stock. The shares were sold at an average price of $111.45, for a total value of $54,721.95.
• On Wednesday, February 26th, Nelson Dias sold 373 shares of Altair Engineering stock. The stock was sold at an average price of $111.53, for a total value of $41,600.69.

Altair Engineering Stock Up 0.1 %

Shares of NASDAQ:ALTR traded up $0.10 during midday trading on Wednesday, reaching $111.54. The company’s stock had a trading volume of 326,965 shares, compared to its average volume of 645,046. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 656.06, a price-to-earnings-growth ratio of 10.75 and a beta of 1.45. The business has a 50 day moving average price of $110.83 and a 200 day moving average price of $104.25. Altair Engineering Inc. has a 1 year low of $75.71 and a 1 year high of $113.12.

Altair Engineering (NASDAQ:ALTR) last posted its quarterly earnings results on Thursday, February 20th. The software reported $0.36 EPS for the quarter, missing the consensus estimate 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. Sell-side analysts anticipate that Altair Engineering Inc. will post 0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $113.00 price objective on shares of Altair Engineering in a research note on Monday, February 24th. Needham & Company LLC restated a “hold” rating on shares of Altair Engineering in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $100.83.

Institutional Investors Weigh In On Altair Engineering

Institutional investors have recently bought and sold shares of the stock. NBT Bank N A NY raised its stake in Altair Engineering by 76.4% during the fourth quarter. NBT Bank N A NY now owns 247 shares of the software’s stock worth $27,000 after purchasing an additional 107 shares during the period. UMB Bank n.a. increased its holdings in shares of Altair Engineering by 77.0% during the 4th quarter. UMB Bank n.a. now owns 285 shares of the software’s stock worth $31,000 after buying an additional 124 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Altair Engineering in the 4th quarter worth $37,000. GAMMA Investing LLC boosted its holdings in Altair Engineering by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 729 shares of the software’s stock valued at $80,000 after acquiring an additional 93 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Altair Engineering by 185.5% during the fourth quarter. Blue Trust Inc. now owns 825 shares of the software’s stock valued at $90,000 after acquiring an additional 536 shares during the period. 63.38% of the stock is currently owned by hedge funds and other institutional investors.

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.