5,000 Shares in Altair Engineering Inc. (NASDAQ:ALTR) Acquired by Mint Tower Capital Management B.V.

Mint Tower Capital Management B.V. bought a new stake in Altair Engineering Inc. (NASDAQ:ALTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,000 shares of the software's stock, valued at approximately $546,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. NBT Bank N A NY boosted its position in shares of Altair Engineering by 76.4% in the 4th quarter. NBT Bank N A NY now owns 247 shares of the software's stock worth $27,000 after purchasing an additional 107 shares in the last quarter. UMB Bank n.a. grew its position in Altair Engineering by 77.0% during the 4th quarter. UMB Bank n.a. now owns 285 shares of the software's stock worth $31,000 after purchasing an additional 124 shares during the last quarter. GAMMA Investing LLC increased its stake in Altair Engineering by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 729 shares of the software's stock valued at $80,000 after purchasing an additional 93 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Altair Engineering by 185.5% during the fourth quarter. Blue Trust Inc. now owns 825 shares of the software's stock worth $90,000 after buying an additional 536 shares during the period. Finally, IFP Advisors Inc purchased a new stake in shares of Altair Engineering during the fourth quarter valued at $185,000. 63.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALTR has been the subject of several research reports. Rosenblatt Securities restated a "neutral" rating and set a $113.00 price objective on shares of Altair Engineering in a research note on Monday, February 24th. Needham & Company LLC restated a "hold" rating on shares of Altair Engineering in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. Based on data from MarketBeat.com, Altair Engineering currently has an average rating of "Hold" and an average price target of $100.83.

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Altair Engineering Price Performance

Shares of Altair Engineering stock remained flat at $111.85 on Monday. The stock has a market capitalization of $9.60 billion, a price-to-earnings ratio of 657.94, a PEG ratio of 10.75 and a beta of 1.45. The business's 50-day moving average price is $111.09 and its two-hundred day moving average price is $105.67. Altair Engineering Inc. has a 12 month low of $75.71 and a 12 month high of $113.12.

Altair Engineering (NASDAQ:ALTR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The software reported $0.36 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.15). The company had revenue of $192.63 million during the quarter, compared to analysts' expectations of $182.98 million. Altair Engineering had a return on equity of 8.08% and a net margin of 2.13%. On average, analysts anticipate that Altair Engineering Inc. will post 0.87 EPS for the current fiscal year.

Insider Activity at Altair Engineering

In related news, Director Teresa A. Harris sold 2,700 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $111.61, for a total value of $301,347.00. Following the completion of the transaction, the director now directly owns 18,542 shares of the company's stock, valued at approximately $2,069,472.62. This represents a 12.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Nelson Dias sold 373 shares of Altair Engineering stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $111.53, for a total transaction of $41,600.69. Following the sale, the executive now directly owns 57,573 shares in the company, valued at approximately $6,421,116.69. This trade represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,172 shares of company stock valued at $1,356,847. 21.75% of the stock is owned by corporate insiders.

Altair Engineering 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.