Jrs Investments Llc Sells 1,029 Shares of Altair Engineering Inc (ALTR) Stock

Altair Engineering Inc (NASDAQ:ALTR) major shareholder Jrs Investments Llc sold 1,029 shares of Altair Engineering stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $37.02, for a total value of $38,093.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Jrs Investments Llc also recently made the following trade(s):

  • On Wednesday, May 1st, Jrs Investments Llc sold 4,912 shares of Altair Engineering stock. The stock was sold at an average price of $38.30, for a total value of $188,129.60.
  • On Monday, April 8th, Jrs Investments Llc sold 2,300 shares of Altair Engineering stock. The shares were sold at an average price of $37.15, for a total value of $85,445.00.

NASDAQ ALTR traded up $0.62 during trading hours on Thursday, hitting $38.40. The company had a trading volume of 182,696 shares, compared to its average volume of 219,971. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.09 and a quick ratio of 1.06. Altair Engineering Inc has a 1-year low of $25.28 and a 1-year high of $43.99. The company has a market capitalization of $2.69 billion, a PE ratio of 103.78 and a beta of 1.60.

Altair Engineering (NASDAQ:ALTR) last released its quarterly earnings data on Thursday, May 9th. The software reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. Altair Engineering had a net margin of 2.62% and a return on equity of 11.56%. The company had revenue of $127.86 million during the quarter, compared to the consensus estimate of $125.82 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Altair Engineering’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, research analysts expect that Altair Engineering Inc will post 0.52 earnings per share for the current year.

ALTR has been the topic of a number of research analyst reports. Zacks Investment Research raised Altair Engineering from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Monday, May 20th. ValuEngine lowered Altair Engineering from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Guggenheim initiated coverage on Altair Engineering in a research report on Tuesday, March 19th. They set a “neutral” rating and a $37.70 price objective on the stock. Finally, Needham & Company LLC upped their price objective on Altair Engineering from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.81.

Several institutional investors and hedge funds have recently made changes to their positions in ALTR. Hilton Capital Management LLC acquired a new stake in shares of Altair Engineering during the first quarter worth about $50,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Altair Engineering during the fourth quarter worth about $78,000. Acadian Asset Management LLC acquired a new stake in shares of Altair Engineering during the first quarter worth about $163,000. Legal & General Group Plc boosted its stake in shares of Altair Engineering by 22.9% during the third quarter. Legal & General Group Plc now owns 4,562 shares of the software’s stock worth $198,000 after buying an additional 850 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Altair Engineering during the fourth quarter worth about $199,000. Institutional investors and hedge funds own 38.76% of the company’s stock.

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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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Insider Buying and Selling by Quarter for Altair Engineering (NASDAQ:ALTR)

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