Altair Engineering Inc. (NASDAQ:ALTR) CMO Amy Messano Sells 416 Shares

Altair Engineering Inc. (NASDAQ:ALTR) CMO Amy Messano sold 416 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $111.30, for a total transaction of $46,300.80. Following the sale, the chief marketing officer now owns 22,980 shares of the company’s stock, valued at $2,557,674. The trade was a 1.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, March 3rd, Amy Messano sold 255 shares of Altair Engineering stock. The shares were sold at an average price of $111.45, for a total value of $28,419.75.
• On Wednesday, February 26th, Amy Messano sold 235 shares of Altair Engineering stock. The stock was sold at an average price of $111.53, for a total value of $26,209.55.

Altair Engineering Trading Up 0.2 %

Shares of NASDAQ ALTR opened at $111.67 on Thursday. The company has a fifty day moving average price of $110.86 and a 200 day moving average price of $104.30. The firm has a market cap of $9.58 billion, a PE ratio of 656.88, a PEG 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.

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

Hedge Funds Weigh In On Altair Engineering

Several hedge funds have recently made changes to their positions in ALTR. NBT Bank N A NY lifted its position in shares of Altair Engineering by 76.4% in the fourth 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. UMB Bank n.a. lifted its position in Altair Engineering by 77.0% during the 4th quarter. UMB Bank n.a. now owns 285 shares of the software’s stock worth $31,000 after buying an additional 124 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Altair Engineering during the 4th quarter worth about $37,000. GAMMA Investing LLC grew its holdings in shares of Altair Engineering by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 729 shares of the software’s stock valued at $80,000 after acquiring an additional 93 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of 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 acquiring an additional 536 shares during the last quarter. 63.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ALTR. Needham & Company LLC reissued a “hold” rating on shares of Altair Engineering in a research note on Friday, February 21st. Rosenblatt Securities restated a “neutral” rating and issued a $113.00 price objective 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 issued a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $100.83.

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.