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

Altair Engineering Inc. (NASDAQ:ALTR) CMO Amy Messano sold 416 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $111.30, for a total value of $46,300.80. Following the sale, the chief marketing officer now owns 22,980 shares in the company, valued at approximately $2,557,674. This represents a 1.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 shares were sold at an average price of $111.53, for a total value of $26,209.55.

Altair Engineering Trading Up 0.1 %

Shares of NASDAQ:ALTR traded up $0.10 during trading on Wednesday, reaching $111.54. The company had a trading volume of 326,965 shares, compared to its average volume of 645,046. The stock has a market capitalization of $9.57 billion, a P/E ratio of 656.06, a price-to-earnings-growth 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 company has a fifty day moving average of $110.83 and a two-hundred day moving average of $104.25.

Altair Engineering (NASDAQ:ALTR) last announced its quarterly earnings data 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 firm had revenue of $192.63 million for the quarter, compared to analysts’ expectations of $182.98 million. Altair Engineering had a net margin of 2.13% and a return on equity of 8.08%. As a group, equities research analysts predict that Altair Engineering Inc. will post 0.87 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on ALTR shares. Needham & Company LLC restated a “hold” rating on shares of Altair Engineering in a research report on Friday, February 21st. Rosenblatt Securities reissued a “neutral” rating and issued a $113.00 price target on shares of Altair Engineering in a 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $100.83.

Institutional Investors Weigh In On Altair Engineering

A number of hedge funds have recently made changes to their positions in the business. KBC Group NV raised its position in Altair Engineering by 17.9% in the 3rd quarter. KBC Group NV now owns 1,640 shares of the software’s stock worth $157,000 after purchasing an additional 249 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Altair Engineering by 1.5% during the third quarter. Thrivent Financial for Lutherans now owns 13,961 shares of the software’s stock valued at $1,333,000 after buying an additional 201 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Altair Engineering in the third quarter worth about $617,000. King Luther Capital Management Corp lifted its stake in shares of Altair Engineering by 5.6% in the 3rd quarter. King Luther Capital Management Corp now owns 174,733 shares of the software’s stock valued at $16,689,000 after acquiring an additional 9,310 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Altair Engineering in the 3rd quarter valued at about $1,084,000. 63.38% of the stock is currently 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.