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 business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $111.45, for a total value of $54,721.95. Following the completion of the sale, the executive now owns 57,082 shares in the company, valued at approximately $6,361,788.90. The trade was a 0.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $106.23, for a total value of $2,390,175.00.

Altair Engineering Price Performance

NASDAQ ALTR traded up $0.05 on Wednesday, reaching $111.39. 135,343 shares of the company’s stock traded hands, compared to its average volume of 760,628. The stock has a market cap of $9.56 billion, a PE ratio of 655.38, a P/E/G ratio of 10.75 and a beta of 1.45. Altair Engineering Inc. has a 12 month low of $75.71 and a 12 month high of $113.12. The stock has a 50-day simple moving average of $110.44 and a 200 day simple moving average of $102.73.

Altair Engineering (NASDAQ:ALTR) last released its 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). The business had revenue of $192.63 million for the quarter, compared to the consensus estimate of $182.98 million. Altair Engineering had a net margin of 2.13% and a return on equity of 8.08%. As a group, analysts anticipate that Altair Engineering Inc. will post 0.87 EPS for the current year.

Wall Street Analysts Forecast Growth

ALTR has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Altair Engineering in a research report 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 research 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, Altair Engineering has a consensus rating of “Hold” and an average target price of $100.83.

Institutional Trading of Altair Engineering

Large investors have recently modified their holdings of the business. Magnetar Financial LLC bought a new stake in shares of Altair Engineering in the 4th quarter worth approximately $62,142,000. Norges Bank bought a new stake in Altair Engineering in the fourth quarter valued at $37,899,000. Schonfeld Strategic Advisors LLC increased its position in Altair Engineering by 13,097.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 331,528 shares of the software’s stock valued at $36,173,000 after purchasing an additional 329,016 shares during the period. Vanguard Group Inc. raised its holdings in Altair Engineering by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 6,894,230 shares of the software’s stock worth $752,229,000 after purchasing an additional 317,575 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in shares of Altair Engineering in the 4th quarter worth about $32,733,000. 63.38% of the stock is owned by institutional investors.

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.