Altair Engineering Inc (NASDAQ:ALTR) insider James Dagg sold 8,000 shares of Altair Engineering stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $42.04, for a total value of $336,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

James Dagg also recently made the following trade(s):

  • On Tuesday, June 11th, James Dagg sold 8,000 shares of Altair Engineering stock. The shares were sold at an average price of $35.09, for a total value of $280,720.00.
  • On Monday, May 13th, James Dagg sold 100 shares of Altair Engineering stock. The shares were sold at an average price of $35.12, for a total value of $3,512.00.

Shares of NASDAQ ALTR opened at $41.59 on Thursday. The stock’s 50 day simple moving average is $39.06. The firm has a market capitalization of $2.96 billion, a P/E ratio of 112.41 and a beta of 1.40. The company has a current ratio of 1.09, a quick ratio of 1.06 and a debt-to-equity ratio of 0.12. Altair Engineering Inc has a twelve month low of $25.28 and a twelve month high of $43.99.

Altair Engineering (NASDAQ:ALTR) last announced its quarterly earnings results on Thursday, May 9th. The software reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $127.86 million for the quarter, compared to the consensus estimate of $125.82 million. Altair Engineering had a return on equity of 11.56% and a net margin of 2.62%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. Equities analysts forecast that Altair Engineering Inc will post 0.52 EPS for the current fiscal year.

A number of analysts recently issued reports on ALTR shares. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday. ValuEngine downgraded Zymeworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $39.28.

A number of hedge funds and other institutional investors have recently made changes to their positions in ALTR. Neuberger Berman Group LLC increased its position in Altair Engineering by 20.9% during the first quarter. Neuberger Berman Group LLC now owns 2,707,777 shares of the software’s stock worth $99,673,000 after buying an additional 467,553 shares during the last quarter. Primecap Management Co. CA increased its position in Altair Engineering by 21.3% during the first quarter. Primecap Management Co. CA now owns 1,150,000 shares of the software’s stock worth $42,331,000 after buying an additional 201,800 shares during the last quarter. Wasatch Advisors Inc. increased its position in Altair Engineering by 14.4% during the first quarter. Wasatch Advisors Inc. now owns 944,091 shares of the software’s stock worth $34,752,000 after buying an additional 118,943 shares during the last quarter. Tygh Capital Management Inc. acquired a new position in Altair Engineering during the first quarter worth approximately $4,296,000. Finally, Janus Henderson Group PLC increased its position in Altair Engineering by 17.1% during the first quarter. Janus Henderson Group PLC now owns 598,860 shares of the software’s stock worth $22,044,000 after buying an additional 87,374 shares during the last quarter. 38.54% of the stock is currently owned by hedge funds and other institutional investors.

Altair Engineering Company Profile

Altair Engineering Inc, together with its subsidiaries, provides software and cloud solutions worldwide. The company operates through two segments, Software and Client Engineering Services. Its integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling and embedded systems.

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