Altair Engineering Inc. (NASDAQ:ALTR - Get Free Report) CRO Nelson Dias sold 1,671 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $111.30, for a total value of $185,982.30. Following the sale, the executive now directly owns 55,411 shares of the company's stock, valued at $6,167,244.30. This represents a 2.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 transaction 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 transaction of $41,600.69.
Altair Engineering Stock Up 0.2 %
Shares of NASDAQ:ALTR traded up $0.21 during midday trading on Friday, reaching $111.75. The company had a trading volume of 1,906,931 shares, compared to its average volume of 655,166. The stock has a market cap of $9.59 billion, a PE ratio of 657.35, a P/E/G ratio of 10.75 and a beta of 1.45. Altair Engineering Inc. has a 1-year low of $75.71 and a 1-year high of $113.12. The business's 50 day moving average price is $110.91 and its 200 day moving average price is $104.62.
Altair Engineering (NASDAQ:ALTR - Get Free Report) last released its 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 firm had revenue of $192.63 million during the quarter, compared to the consensus estimate of $182.98 million. Altair Engineering had a net margin of 2.13% and a return on equity of 8.08%. On average, research analysts expect that Altair Engineering Inc. will post 0.87 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have issued reports on ALTR shares. Needham & Company LLC reissued a "hold" rating on shares of Altair Engineering in a research note on Friday, February 21st. Rosenblatt Securities reissued a "neutral" rating and issued a $113.00 target price on shares of Altair Engineering in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $100.83.
Read Our Latest Research Report on ALTR
Institutional Investors Weigh In On Altair Engineering
Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake 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 buying an additional 93 shares during the period. Louisiana State Employees Retirement System raised its stake in Altair Engineering by 0.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the software's stock valued at $1,811,000 after acquiring an additional 100 shares during the period. New York State Teachers Retirement System raised its stake in Altair Engineering by 1.2% in the 4th quarter. New York State Teachers Retirement System now owns 8,600 shares of the software's stock valued at $938,000 after acquiring an additional 100 shares during the period. State of Michigan Retirement System lifted its holdings in Altair Engineering by 0.7% during the 4th 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 during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of 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. 63.38% of the stock is currently owned by institutional investors and hedge funds.
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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