Altair Engineering Inc. (NASDAQ:ALTR – Get Free Report) major shareholder George J. Christ sold 2,176 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $95.31, for a total transaction of $207,394.56. Following the sale, the insider now owns 300,000 shares of the company’s stock, valued at approximately $28,593,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Altair Engineering Price Performance
Shares of ALTR stock opened at $94.88 on Thursday. The company has a market capitalization of $7.88 billion, a PE ratio of 1,054.22, a price-to-earnings-growth ratio of 12.15 and a beta of 1.45. The firm has a fifty day simple moving average of $91.12 and a 200-day simple moving average of $89.99. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.29. Altair Engineering Inc. has a twelve month low of $57.59 and a twelve month high of $101.39.
Altair Engineering (NASDAQ:ALTR – Get Free Report) last announced its earnings results on Thursday, August 1st. The software reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $148.80 million during the quarter, compared to the consensus estimate of $146.88 million. Altair Engineering had a net margin of 4.26% and a return on equity of 6.89%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.15) earnings per share. Equities research analysts anticipate that Altair Engineering Inc. will post 0.65 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Institutional Trading of Altair Engineering
Several institutional investors have recently added to or reduced their stakes in ALTR. William Blair Investment Management LLC acquired a new stake in Altair Engineering in the second quarter valued at $91,589,000. Wellington Management Group LLP raised its holdings in Altair Engineering by 97.3% in the fourth quarter. Wellington Management Group LLP now owns 1,182,339 shares of the software’s stock valued at $99,494,000 after acquiring an additional 583,127 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Altair Engineering by 121.7% in the second quarter. Bank of New York Mellon Corp now owns 569,109 shares of the software’s stock valued at $55,818,000 after acquiring an additional 312,448 shares in the last quarter. Jane Street Group LLC raised its holdings in Altair Engineering by 960.2% in the first quarter. Jane Street Group LLC now owns 303,672 shares of the software’s stock valued at $26,161,000 after acquiring an additional 275,030 shares in the last quarter. Finally, Matrix Capital Management Company LP raised its holdings in Altair Engineering by 1.6% in the first quarter. Matrix Capital Management Company LP now owns 12,430,000 shares of the software’s stock valued at $1,070,844,000 after acquiring an additional 196,826 shares in the last quarter. 63.38% of the stock is owned by institutional investors and hedge funds.
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.
Recommended Stories
- Five stocks we like better than Altair Engineering
- What is an Earnings Surprise?
- Taiwan Semiconductor Stock: Buy Now or Wait for Earnings?
- How to Calculate Options Profits
- Abbott’s Growth and Dividends Make It a Smart Portfolio Pick
- 3 Warren Buffett Stocks to Buy Now
- Citigroup Faces Growing Troubles: Could the Industry Be at Risk?
Receive News & Ratings for Altair Engineering Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altair Engineering and related companies with MarketBeat.com's FREE daily email newsletter.