Altair Engineering Inc. (NASDAQ:ALTR) CRO Nelson Dias Sells 491 Shares

Altair Engineering Inc. (NASDAQ:ALTR - Get Free Report) CRO Nelson Dias sold 491 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $111.45, for a total transaction of $54,721.95. Following the sale, the executive now directly owns 57,082 shares of the company's stock, valued at approximately $6,361,788.90. The trade was a 0.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• 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.
• 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 Price Performance

ALTR stock traded up $0.13 during midday trading on Friday, hitting $111.24. The company's stock had a trading volume of 658,832 shares, compared to its average volume of 794,160. Altair Engineering Inc. has a twelve month low of $75.71 and a twelve month high of $113.12. The company's fifty day moving average price is $110.57 and its 200 day moving average price is $103.19. The stock has a market capitalization of $9.54 billion, a P/E ratio of 654.35, a PEG ratio of 10.75 and a beta of 1.45.

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Altair Engineering (NASDAQ:ALTR - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $182.98 million. Altair Engineering had a return on equity of 8.08% and a net margin of 2.13%. Equities analysts expect that Altair Engineering Inc. will post 0.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Fisher Asset Management LLC increased its stake in shares of Altair Engineering by 27.0% during the 3rd quarter. Fisher Asset Management LLC now owns 401,612 shares of the software's stock worth $38,358,000 after purchasing an additional 85,303 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Altair Engineering by 1.7% during the 4th quarter. Principal Financial Group Inc. now owns 168,665 shares of the software's stock worth $18,403,000 after purchasing an additional 2,872 shares during the last quarter. Citigroup Inc. increased its stake in shares of 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 purchasing an additional 29,556 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Altair Engineering in the 3rd quarter valued at about $1,356,000. Finally, Versor Investments LP acquired a new position in Altair Engineering in the 3rd quarter valued at about $487,000. 63.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ALTR. Rosenblatt Securities reissued a "neutral" rating and issued a $113.00 price target on shares of Altair Engineering in a report on Monday, February 24th. Needham & Company LLC reissued a "hold" rating on shares of Altair Engineering in a report on Friday, February 21st. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, Altair Engineering presently has a consensus rating of "Hold" and an average target price of $100.83.

About Altair Engineering

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.