Altair Engineering Inc. (NASDAQ:ALTR – Get Free Report) Director Teresa A. Harris sold 620 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $95.12, for a total value of $58,974.40. Following the transaction, the director now owns 21,242 shares of the company’s stock, valued at $2,020,539.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Altair Engineering Trading Down 3.9 %
Shares of ALTR traded down $3.73 during trading hours on Tuesday, reaching $91.78. 296,818 shares of the company traded hands, compared to its average volume of 472,708. The stock’s fifty day moving average price is $89.13 and its 200 day moving average price is $89.22. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.29. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 1,019.78, a PEG ratio of 12.01 and a beta of 1.45. Altair Engineering Inc. has a 12-month low of $57.59 and a 12-month high of $101.39.
Altair Engineering (NASDAQ:ALTR – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The software reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $148.80 million during the quarter, compared to analyst estimates of $146.88 million. Altair Engineering had a net margin of 4.26% and a return on equity of 6.89%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.15) EPS. Sell-side analysts forecast that Altair Engineering Inc. will post 0.65 earnings per share for the current year.
Wall Street Analyst Weigh In
Read Our Latest Report on ALTR
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of ALTR. GAMMA Investing LLC grew its holdings in Altair Engineering by 81.7% during the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the software’s stock worth $41,000 after acquiring an additional 188 shares in the last quarter. FSC Wealth Advisors LLC increased its holdings in Altair Engineering by 41.3% during the second quarter. FSC Wealth Advisors LLC now owns 832 shares of the software’s stock valued at $82,000 after buying an additional 243 shares during the period. Van ECK Associates Corp raised its stake in Altair Engineering by 41.7% in the second quarter. Van ECK Associates Corp now owns 1,057 shares of the software’s stock worth $104,000 after buying an additional 311 shares in the last quarter. Natixis Investment Managers International raised its stake in Altair Engineering by 68.7% in the fourth quarter. Natixis Investment Managers International now owns 1,940 shares of the software’s stock worth $163,000 after buying an additional 790 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Altair Engineering during the first quarter worth $177,000. 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.
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