Griffin Securities Has Bullish Forecast for ALTR Q1 Earnings

Altair Engineering Inc. (NASDAQ:ALTR) – Investment analysts at Griffin Securities boosted their Q1 2025 earnings per share estimates for shares of Altair Engineering in a note issued to investors on Sunday, November 3rd. Griffin Securities analyst J. Vleeschhouwer now forecasts that the software will earn $0.30 per share for the quarter, up from their previous forecast of $0.28. The consensus estimate for Altair Engineering’s current full-year earnings is $0.65 per share. Griffin Securities also issued estimates for Altair Engineering’s Q2 2025 earnings at $0.06 EPS and Q4 2025 earnings at $0.31 EPS.

A number of other equities analysts also recently commented on ALTR. Needham & Company LLC restated a “hold” rating and issued a $100.00 target price on shares of Altair Engineering in a research note on Thursday, October 31st. Wolfe Research downgraded Altair Engineering from a “strong-buy” rating to a “hold” rating in a report on Sunday. JPMorgan Chase & Co. lowered Altair Engineering from an “overweight” rating to a “neutral” rating and set a $95.00 target price for the company. in a research report on Monday, July 15th. Rosenblatt Securities increased their price target on Altair Engineering from $88.00 to $113.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, William Blair restated a “market perform” rating on shares of Altair Engineering in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $100.71.

Altair Engineering Trading Down 0.5 %

NASDAQ ALTR opened at $103.99 on Wednesday. The stock has a market cap of $8.83 billion, a PE ratio of 275.05, a PEG ratio of 13.28 and a beta of 1.44. Altair Engineering has a 12 month low of $66.51 and a 12 month high of $113.12. The company’s 50-day moving average price is $94.86 and its 200-day moving average price is $92.01. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.27.

Insider Transactions at Altair Engineering

In other Altair Engineering news, Director Teresa A. Harris sold 620 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $104.10, for a total transaction of $64,542.00. Following the completion of the sale, the director now directly owns 21,242 shares of the company’s stock, valued at approximately $2,211,292.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Altair Engineering news, Director Teresa A. Harris sold 620 shares of Altair Engineering stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $104.10, for a total value of $64,542.00. Following the transaction, the director now directly owns 21,242 shares of the company’s stock, valued at approximately $2,211,292.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Ralph Scapa sold 13,000 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $89.04, for a total value of $1,157,520.00. Following the sale, the chief executive officer now owns 134,045 shares of the company’s stock, valued at approximately $11,935,366.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 360,360 shares of company stock valued at $35,490,008. Corporate insiders own 21.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Daiwa Securities Group Inc. acquired a new position in shares of Altair Engineering in the 1st quarter valued at $1,465,000. SG Americas Securities LLC acquired a new position in shares of Altair Engineering in the first quarter valued at about $177,000. Swiss National Bank raised its stake in shares of Altair Engineering by 1.2% in the first quarter. Swiss National Bank now owns 107,800 shares of the software’s stock worth $9,287,000 after purchasing an additional 1,300 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Altair Engineering by 40.6% during the first quarter. Sei Investments Co. now owns 30,813 shares of the software’s stock worth $2,655,000 after purchasing an additional 8,905 shares during the period. Finally, QRG Capital Management Inc. boosted its position in Altair Engineering by 9.5% in the first quarter. QRG Capital Management Inc. now owns 20,532 shares of the software’s stock valued at $1,769,000 after buying an additional 1,781 shares during the last quarter. 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.