Nelson Dias Sells 1,671 Shares of Altair Engineering Inc. (NASDAQ:ALTR) Stock

Altair Engineering Inc. (NASDAQ:ALTR) CRO Nelson Dias sold 1,671 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $111.30, for a total transaction of $185,982.30. Following the completion of the sale, the executive now owns 55,411 shares of the company’s stock, valued at approximately $6,167,244.30. This represents a 2.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Nelson Dias also recently made the following trade(s):

• On Monday, March 3rd, Nelson Dias sold 491 shares of Altair Engineering stock. The shares were sold at an average price of $111.45, for a total transaction of $54,721.95.
• On Wednesday, February 26th, Nelson Dias sold 373 shares of Altair Engineering stock. The shares were sold at an average price of $111.53, for a total transaction of $41,600.69.

Altair Engineering Trading Down 0.1 %

NASDAQ:ALTR opened at $111.54 on Friday. The company has a market cap of $9.57 billion, a PE ratio of 656.12, a P/E/G ratio of 10.75 and a beta of 1.45. Altair Engineering Inc. has a twelve month low of $75.71 and a twelve month high of $113.12. The company’s 50 day moving average is $110.88 and its two-hundred day moving average is $104.35.

Altair Engineering (NASDAQ:ALTR) last released its earnings results 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 company had revenue of $192.63 million for the quarter, compared to analysts’ expectations of $182.98 million. Altair Engineering had a return on equity of 8.08% and a net margin of 2.13%. As a group, analysts expect that Altair Engineering Inc. will post 0.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on ALTR shares. Rosenblatt Securities restated a “neutral” rating and issued a $113.00 price target on shares of Altair Engineering in a report on Monday, February 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Altair Engineering in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $100.83.

Institutional Trading of Altair Engineering

Large investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its holdings in shares of Altair Engineering by 2.5% in the 4th quarter. California State Teachers Retirement System now owns 55,226 shares of the software’s stock valued at $6,026,000 after acquiring an additional 1,340 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new position in shares of Altair Engineering in the 4th quarter valued at $5,456,000. GTS Securities LLC acquired a new position in shares of Altair Engineering in the 4th quarter valued at $201,000. BCK Capital Management LP acquired a new position in Altair Engineering during the fourth quarter worth $1,506,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Altair Engineering by 201.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 381,061 shares of the software’s stock worth $41,578,000 after acquiring an additional 254,448 shares during the period. 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.