Altair Engineering Inc. (NASDAQ:ALTR) CMO Sells $28,419.75 in Stock

Altair Engineering Inc. (NASDAQ:ALTR) CMO Amy Messano sold 255 shares of Altair Engineering stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $111.45, for a total value of $28,419.75. Following the transaction, the chief marketing officer now owns 23,396 shares in the company, valued at approximately $2,607,484.20. This represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Amy Messano also recently made the following trade(s):

• On Wednesday, February 26th, Amy Messano sold 235 shares of Altair Engineering stock. The shares were sold at an average price of $111.53, for a total value of $26,209.55.

Altair Engineering Trading Down 0.2 %

Shares of ALTR opened at $111.11 on Friday. The stock has a market capitalization of $9.53 billion, a P/E ratio of 653.59, a price-to-earnings-growth ratio of 10.75 and a beta of 1.45. The firm’s fifty day simple moving average is $110.49 and its two-hundred day simple moving average is $102.79. Altair Engineering Inc. has a 12 month low of $75.71 and a 12 month high of $113.12.

Altair Engineering (NASDAQ:ALTR) last posted its earnings results on Thursday, February 20th. The software reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.15). The business had revenue of $192.63 million during 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%. As a group, research analysts predict that Altair Engineering Inc. will post 0.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ALTR has been the topic of a number of recent research reports. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $113.00 target price on shares of Altair Engineering in a research report on Monday, February 24th. Needham & Company LLC restated a “hold” rating on shares of Altair Engineering in a report on Friday, February 21st. One 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 company presently has an average rating of “Hold” and a consensus target price of $100.83.

Institutional Investors Weigh In On Altair Engineering

Several large investors have recently modified their holdings of the stock. NBT Bank N A NY boosted its holdings in Altair Engineering by 76.4% in the 4th quarter. NBT Bank N A NY now owns 247 shares of the software’s stock valued at $27,000 after purchasing an additional 107 shares during the period. UMB Bank n.a. lifted 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 worth $31,000 after purchasing an additional 124 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in Altair Engineering in the fourth quarter worth $37,000. GAMMA Investing LLC raised 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 valued at $80,000 after acquiring an additional 93 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Altair Engineering by 185.5% during the fourth quarter. Blue Trust Inc. now owns 825 shares of the software’s stock valued at $90,000 after acquiring an additional 536 shares during the last quarter. Hedge funds and other institutional investors own 63.38% of the company’s stock.

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.