Altair Engineering Inc. (NASDAQ:ALTR - Get Free Report) Director Teresa A. Harris sold 620 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $84.00, for a total value of $52,080.00. Following the completion of the sale, the director now directly owns 18,895 shares of the company's stock, valued at $1,587,180. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Altair Engineering Stock Down 0.1 %
Shares of NASDAQ:ALTR opened at $83.67 on Thursday. The company has a market capitalization of $6.90 billion, a PE ratio of -643.62, a price-to-earnings-growth ratio of 11.94 and a beta of 1.42. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.16 and a quick ratio of 2.16. The business has a fifty day moving average price of $85.65 and a two-hundred day moving average price of $76.52. Altair Engineering Inc. has a 1 year low of $57.59 and a 1 year high of $92.92.
Altair Engineering (NASDAQ:ALTR - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The software reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.07. The firm had revenue of $171.50 million during the quarter, compared to the consensus estimate of $172.48 million. Altair Engineering had a positive return on equity of 3.77% and a negative net margin of 1.46%. Analysts forecast that Altair Engineering Inc. will post 0.6 earnings per share for the current year.
Wall Street Analyst Weigh In
Charles Payne’s Gift to Stock Investors
From Unstoppable Prosperity | Ad
Right now, millions of good honest folks are feeling the squeeze.
Last year's terrible market did a number on their accounts.
Stock values plunged.
Retirement accounts lost too.
Watch Insider's Advantage Event Tuesday at 4:00 PM ET
A number of research firms recently commented on ALTR. Royal Bank of Canada reissued a "sector perform" rating and issued a $90.00 price target on shares of Altair Engineering in a research report on Thursday, March 21st. JPMorgan Chase & Co. increased their price target on Altair Engineering from $86.00 to $95.00 and gave the company an "overweight" rating in a research report on Tuesday, March 26th. Rosenblatt Securities reissued a "neutral" rating and issued a $88.00 price target (up from $74.00) on shares of Altair Engineering in a research report on Friday, February 23rd. Oppenheimer increased their price target on Altair Engineering from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $100.00 price target on shares of Altair Engineering in a research report on Monday, March 25th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Altair Engineering presently has an average rating of "Moderate Buy" and a consensus price target of $88.71.
Get Our Latest Stock Report on Altair Engineering
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. bought a new position in shares of Altair Engineering during the 4th quarter worth $31,000. EdgeRock Capital LLC bought a new position in shares of Altair Engineering during the 4th quarter worth $33,000. UBS Group AG grew its stake in shares of Altair Engineering by 48.7% during the 4th quarter. UBS Group AG now owns 938 shares of the software's stock worth $43,000 after acquiring an additional 307 shares during the period. Harvest Fund Management Co. Ltd grew its stake in shares of Altair Engineering by 1,157.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 981 shares of the software's stock worth $83,000 after acquiring an additional 903 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Altair Engineering by 17.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,481 shares of the software's stock worth $93,000 after acquiring an additional 217 shares during the period. Institutional investors own 63.38% of the company's stock.
Altair Engineering Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
