Altair Engineering Inc. (NASDAQ:ALTR) CAO Brian Gayle Sells 184 Shares

Altair Engineering Inc. (NASDAQ:ALTR) CAO Brian Gayle sold 184 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $111.45, for a total transaction of $20,506.80. Following the transaction, the chief accounting officer now directly owns 18,190 shares of the company’s stock, valued at $2,027,275.50. This trade represents a 1.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction of $15,279.61.

Altair Engineering Trading Up 0.1 %

Shares of NASDAQ:ALTR opened at $111.24 on Friday. Altair Engineering Inc. has a 12 month low of $75.71 and a 12 month high of $113.12. The company has a 50-day moving average price of $110.53 and a 200 day moving average price of $102.84. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 654.35, a PEG ratio of 10.75 and a beta of 1.45.

Altair Engineering (NASDAQ:ALTR) last announced its quarterly earnings results on Thursday, February 20th. The software reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.15). Altair Engineering had a net margin of 2.13% and a return on equity of 8.08%. The business had revenue of $192.63 million during the quarter, compared to the consensus estimate of $182.98 million. As a group, equities analysts forecast that Altair Engineering Inc. will post 0.87 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ALTR. NBT Bank N A NY raised its position in Altair Engineering by 76.4% in the 4th quarter. NBT Bank N A NY now owns 247 shares of the software’s stock worth $27,000 after purchasing an additional 107 shares during the period. UMB Bank n.a. raised its position in Altair Engineering by 77.0% in the 4th quarter. UMB Bank n.a. now owns 285 shares of the software’s stock worth $31,000 after purchasing an additional 124 shares during the period. Johnson Financial Group Inc. purchased a new stake in Altair Engineering in the 4th quarter worth about $37,000. GAMMA Investing LLC raised its position in Altair Engineering by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 729 shares of the software’s stock worth $80,000 after purchasing an additional 93 shares during the period. Finally, Blue Trust Inc. raised its position in Altair Engineering by 185.5% in the 4th quarter. Blue Trust Inc. now owns 825 shares of the software’s stock worth $90,000 after purchasing an additional 536 shares during the period. Institutional investors own 63.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of Altair Engineering in a report 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 equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, Altair Engineering presently has a consensus rating of “Hold” and an average price target 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.