Brian Gayle Sells 182 Shares of Altair Engineering Inc. (NASDAQ:ALTR) Stock

Altair Engineering Inc. (NASDAQ:ALTR) CAO Brian Gayle sold 182 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $111.30, for a total value of $20,256.60. Following the transaction, the chief accounting officer now directly owns 18,008 shares in the company, valued at $2,004,290.40. This trade represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Brian Gayle also recently made the following trade(s):

• On Monday, March 3rd, Brian Gayle sold 184 shares of Altair Engineering stock. The shares were sold at an average price of $111.45, for a total value of $20,506.80.
• On Wednesday, February 26th, Brian Gayle sold 137 shares of Altair Engineering stock. The shares were sold at an average price of $111.53, for a total value of $15,279.61.

Altair Engineering Stock Down 0.1 %

Shares of ALTR stock opened at $111.54 on Friday. The business’s fifty day moving average is $110.88 and its 200 day moving average is $104.35. Altair Engineering Inc. has a twelve month low of $75.71 and a twelve month high of $113.12. The stock has a market cap of $9.57 billion, a price-to-earnings ratio of 656.12, a PEG ratio of 10.75 and a beta of 1.45.

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). Altair Engineering had a return on equity of 8.08% and a net margin of 2.13%. The company had revenue of $192.63 million during the quarter, compared to the consensus estimate of $182.98 million. Equities research analysts expect that Altair Engineering Inc. will post 0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ALTR has been the topic of several recent research reports. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $113.00 price target 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 research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, Altair Engineering presently has an average rating of “Hold” and a consensus price target of $100.83.

Institutional Investors Weigh In On Altair Engineering

Hedge funds have recently added to or reduced their stakes in the stock. NBT Bank N A NY boosted its holdings in 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 acquiring an additional 107 shares in the last quarter. UMB Bank n.a. boosted its holdings 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 acquiring an additional 124 shares in the last quarter. Johnson Financial Group Inc. bought a new position in shares of Altair Engineering during the fourth quarter valued at $37,000. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 93 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings 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 purchasing an additional 536 shares in the last quarter. 63.38% of the stock is owned by institutional investors.

About Altair Engineering

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.