Altair Engineering Inc (NASDAQ:ALTR) CFO Howard N. Morof sold 4,000 shares of Altair Engineering stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $36.63, for a total transaction of $146,520.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ:ALTR opened at $36.79 on Friday. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 99.43 and a beta of 1.62. Altair Engineering Inc has a twelve month low of $25.28 and a twelve month high of $43.99. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.11.
Altair Engineering (NASDAQ:ALTR) last released its earnings results on Thursday, February 28th. The software reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.05). The company had revenue of $103.01 million for the quarter, compared to analysts’ expectations of $99.27 million. Altair Engineering had a return on equity of 8.25% and a net margin of 0.50%. On average, equities research analysts expect that Altair Engineering Inc will post 0.45 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the business. Chartwell Investment Partners LLC grew its position in Altair Engineering by 1.4% during the 1st quarter. Chartwell Investment Partners LLC now owns 90,763 shares of the software’s stock worth $3,341,000 after purchasing an additional 1,231 shares during the last quarter. Deutsche Bank AG grew its position in Altair Engineering by 34.6% during the 4th quarter. Deutsche Bank AG now owns 81,545 shares of the software’s stock worth $2,248,000 after purchasing an additional 20,967 shares during the last quarter. American Century Companies Inc. purchased a new stake in Altair Engineering during the 4th quarter worth approximately $676,000. Geode Capital Management LLC boosted its holdings in shares of Altair Engineering by 10.6% in the 4th quarter. Geode Capital Management LLC now owns 310,603 shares of the software’s stock valued at $8,566,000 after acquiring an additional 29,726 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Altair Engineering in the 4th quarter valued at $536,000. 38.18% of the stock is currently owned by institutional investors.
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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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