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

Altair Engineering Inc. (NASDAQ:ALTR) CRO Nelson Dias sold 491 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $111.45, for a total transaction of $54,721.95. Following the transaction, the executive now directly owns 57,082 shares of the company’s stock, valued at $6,361,788.90. This represents a 0.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, February 26th, Nelson Dias sold 373 shares of Altair Engineering stock. The shares were 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 shares were sold at an average price of $106.23, for a total transaction of $2,390,175.00.

Altair Engineering Trading Down 0.0 %

Shares of Altair Engineering stock opened at $111.32 on Thursday. Altair Engineering Inc. has a 1-year low of $75.71 and a 1-year high of $113.12. The firm’s 50-day moving average price is $110.49 and its two-hundred day moving average price is $102.79. The stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 654.82, a P/E/G ratio of 10.75 and a beta of 1.45.

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Rosenblatt Securities reissued a “neutral” rating and issued a $113.00 target price on shares of Altair Engineering in a research note on Monday, February 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Altair Engineering in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $100.83.

Institutional Investors Weigh In On Altair Engineering

Hedge funds have recently bought and sold shares of the company. NBT Bank N A NY increased its position in shares of Altair Engineering by 76.4% during the fourth quarter. NBT Bank N A NY now owns 247 shares of the software’s stock worth $27,000 after acquiring an additional 107 shares in the last quarter. UMB Bank n.a. increased its position in shares of Altair Engineering by 77.0% during the fourth quarter. UMB Bank n.a. now owns 285 shares of the software’s stock worth $31,000 after acquiring an additional 124 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Altair Engineering during the fourth quarter worth $37,000. GAMMA Investing LLC grew its position 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 purchasing an additional 93 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Altair Engineering by 185.5% in the fourth quarter. Blue Trust Inc. now owns 825 shares of the software’s stock valued at $90,000 after purchasing an additional 536 shares in the last quarter. 63.38% of the stock is currently owned by institutional investors and hedge funds.

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.