Altair Engineering Inc. (NASDAQ:ALTR) CRO Nelson Dias Sells 373 Shares

Altair Engineering Inc. (NASDAQ:ALTR) CRO Nelson Dias sold 373 shares of the business’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 value of $41,600.69. Following the completion of the sale, the executive now directly owns 57,573 shares in the company, valued at approximately $6,421,116.69. This represents a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 Trading Down 0.1 %

ALTR opened at $111.49 on Friday. The company’s 50 day moving average is $110.29 and its 200 day moving average is $102.10. The company has a market cap of $9.49 billion, a price-to-earnings ratio of 655.82, a PEG ratio of 10.75 and a beta of 1.42. Altair Engineering Inc. has a 12-month low of $75.71 and a 12-month high of $113.12.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ALTR. Rosenblatt Securities reiterated a “neutral” rating and issued a $113.00 target price on shares of Altair Engineering in a research note on Monday. Needham & Company LLC reaffirmed a “hold” rating on shares of Altair Engineering in a research report on Friday, February 21st. William Blair reiterated a “market perform” rating on shares of Altair Engineering in a research note on Thursday, October 31st. Wolfe Research cut Altair Engineering from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Finally, Royal Bank of Canada increased 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 equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $100.83.

Institutional Trading of Altair Engineering

Several hedge funds have recently bought and sold shares of ALTR. Fisher Asset Management LLC raised its stake in shares of Altair Engineering by 27.0% in the third quarter. Fisher Asset Management LLC now owns 401,612 shares of the software’s stock worth $38,358,000 after buying an additional 85,303 shares during the period. Citigroup Inc. raised its stake in Altair Engineering by 141.0% during the 3rd quarter. Citigroup Inc. now owns 50,518 shares of the software’s stock worth $4,825,000 after acquiring an additional 29,556 shares during the period. Principal Financial Group Inc. lifted its holdings in Altair Engineering by 1.7% during the fourth quarter. Principal Financial Group Inc. now owns 168,665 shares of the software’s stock valued at $18,403,000 after purchasing an additional 2,872 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Altair Engineering in the third quarter worth approximately $1,356,000. Finally, Versor Investments LP bought a new position in shares of Altair Engineering in the third quarter worth approximately $487,000. 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.