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

Altair Engineering Inc. (NASDAQ:ALTR) 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 stock was sold at an average price of $106.23, for a total value of $2,390,175.00.

Altair Engineering Trading Down 0.1 %

Shares of NASDAQ:ALTR opened at $111.49 on Friday. 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. The company has a 50-day moving average price of $110.29 and a 200 day moving average price of $102.10.

Altair Engineering (NASDAQ:ALTR) last issued 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 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, equities analysts forecast that Altair Engineering Inc. will post 0.87 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NBT Bank N A NY boosted its position in shares of Altair Engineering by 76.4% in the 4th quarter. NBT Bank N A NY now owns 247 shares of the software’s stock worth $27,000 after purchasing an additional 107 shares in the last quarter. Blue Trust Inc. raised its stake in Altair Engineering by 572.1% in the third quarter. Blue Trust Inc. now owns 289 shares of the software’s stock valued at $28,000 after buying an additional 246 shares during the last quarter. UMB Bank n.a. raised its stake in Altair Engineering by 77.0% in the fourth quarter. UMB Bank n.a. now owns 285 shares of the software’s stock valued at $31,000 after buying an additional 124 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in Altair Engineering in the fourth quarter worth about $37,000. Finally, GAMMA Investing LLC grew its stake in shares of Altair Engineering by 14.6% during the fourth quarter. GAMMA Investing LLC now owns 729 shares of the software’s stock worth $80,000 after acquiring an additional 93 shares during the last quarter. 63.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ALTR. William Blair reissued a “market perform” rating on shares of Altair Engineering in a report on Thursday, October 31st. Needham & Company LLC reiterated a “hold” rating on shares of Altair Engineering in a research note on Friday, February 21st. Wolfe Research downgraded shares of Altair Engineering from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 3rd. Loop Capital reaffirmed a “hold” rating and issued a $113.00 target price on shares of Altair Engineering in a report on Thursday, October 31st. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $113.00 price target on shares of Altair Engineering in a research note on Monday. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, Altair Engineering has an average rating of “Hold” and a consensus price target 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.