Altair Engineering Inc. (NASDAQ:ALTR - Get Free Report) CRO Nelson Dias sold 373 shares of Altair Engineering stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $111.53, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Nelson Dias also recently made the following trade(s):
- On Tuesday, December 10th, Nelson Dias sold 22,500 shares of Altair Engineering stock. The shares were sold at an average price of $106.23, for a total value of $2,390,175.00.
Altair Engineering Trading Down 0.2 %
Shares of Altair Engineering stock traded down $0.17 during trading on Monday, hitting $111.43. 1,125,589 shares of the stock traded hands, compared to its average volume of 779,175. The stock's fifty day simple moving average is $110.39 and its 200 day simple moving average is $102.59. The firm has a market cap of $9.48 billion, a P/E ratio of 655.47, a price-to-earnings-growth ratio of 10.75 and a beta of 1.42. Altair Engineering Inc. has a 52-week low of $75.71 and a 52-week high of $113.12.
Altair Engineering (NASDAQ:ALTR - Get Free Report) last posted its earnings results on Thursday, February 20th. The software reported $0.36 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 for the quarter, compared to analysts' expectations of $182.98 million. As a group, equities analysts expect that Altair Engineering Inc. will post 0.87 EPS for the current year.
Analysts Set New Price Targets
A number of analysts recently issued reports on ALTR shares. Rosenblatt Securities restated a "neutral" rating and issued a $113.00 price target on shares of Altair Engineering in a research report on Monday, February 24th. Wolfe Research lowered shares of Altair Engineering from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 3rd. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Altair Engineering in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, Altair Engineering has a consensus rating of "Hold" and an average price target of $100.83.
Check Out Our Latest Stock Report on ALTR
Hedge Funds Weigh In On Altair Engineering
Large investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in Altair Engineering by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 729 shares of the software's stock valued at $80,000 after acquiring an additional 93 shares in the last quarter. New York State Teachers Retirement System lifted its stake in shares of Altair Engineering by 1.2% during the 3rd quarter. New York State Teachers Retirement System now owns 8,500 shares of the software's stock worth $812,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Altair Engineering by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the software's stock worth $1,811,000 after purchasing an additional 100 shares during the last quarter. State of Michigan Retirement System boosted its position in Altair Engineering by 0.7% during the fourth quarter. State of Michigan Retirement System now owns 14,200 shares of the software's stock valued at $1,549,000 after purchasing an additional 100 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Altair Engineering by 0.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,065 shares of the software's stock valued at $1,535,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 63.38% of the company's stock.
About Altair Engineering
(
Get Free Report)
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.
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