Altair Engineering Inc. (NASDAQ:ALTR) CMO Sells $28,419.75 in Stock

Altair Engineering Inc. (NASDAQ:ALTR) CMO Amy Messano sold 255 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 transaction of $28,419.75. Following the completion of the sale, the chief marketing officer now owns 23,396 shares in the company, valued at $2,607,484.20. This represents a 1.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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 transaction of $26,209.55.

Altair Engineering Trading Up 0.1 %

Altair Engineering stock opened at $111.24 on Friday. The firm has a market capitalization of $9.54 billion, a P/E ratio of 654.35, 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. The business has a 50-day moving average of $110.53 and a 200-day moving average of $102.84.

Altair Engineering (NASDAQ:ALTR) last posted its earnings results on Thursday, February 20th. The software reported $0.36 earnings per share (EPS) 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 analyst estimates of $182.98 million. Altair Engineering had a return on equity of 8.08% and a net margin of 2.13%. Research analysts anticipate that Altair Engineering Inc. will post 0.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Altair Engineering

Several institutional investors have recently modified their holdings of ALTR. NBT Bank N A NY grew its position in shares of Altair Engineering by 76.4% during the 4th quarter. NBT Bank N A NY now owns 247 shares of the software’s stock worth $27,000 after buying an additional 107 shares during the period. UMB Bank n.a. grew its position in shares of Altair Engineering by 77.0% in the 4th quarter. UMB Bank n.a. now owns 285 shares of the software’s stock valued at $31,000 after purchasing an additional 124 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Altair Engineering in the 4th quarter valued at approximately $37,000. GAMMA Investing LLC grew its position 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 purchasing an additional 93 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Altair Engineering by 185.5% in the 4th quarter. Blue Trust Inc. now owns 825 shares of the software’s stock valued at $90,000 after purchasing an additional 536 shares during the period. 63.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Altair Engineering in a research note on Friday, February 21st. Rosenblatt Securities reissued a “neutral” rating and set a $113.00 price objective on shares of Altair Engineering in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $100.83.

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.