WINTON GROUP Ltd purchased a new stake in shares of Altair Engineering Inc. (NASDAQ:ALTR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 64,851 shares of the software's stock, valued at approximately $7,076,000. WINTON GROUP Ltd owned about 0.08% of Altair Engineering as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also modified their holdings of the company. NBT Bank N A NY increased its position in Altair Engineering by 76.4% during the 4th quarter. NBT Bank N A NY now owns 247 shares of the software's stock valued at $27,000 after buying an additional 107 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Altair Engineering by 77.0% during the fourth quarter. UMB Bank n.a. now owns 285 shares of the software's stock valued at $31,000 after acquiring an additional 124 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Altair Engineering by 14.6% during the fourth quarter. GAMMA Investing LLC now owns 729 shares of the software's stock valued at $80,000 after acquiring an additional 93 shares in the last quarter. Blue Trust Inc. boosted its stake in Altair Engineering by 185.5% in the 4th quarter. Blue Trust Inc. now owns 825 shares of the software's stock worth $90,000 after purchasing an additional 536 shares in the last quarter. Finally, IFP Advisors Inc acquired a new stake in Altair Engineering in the 4th quarter worth approximately $185,000. 63.38% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Altair Engineering
In related news, Director Teresa A. Harris sold 2,700 shares of Altair Engineering stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $111.61, for a total value of $301,347.00. Following the sale, the director now directly owns 18,542 shares in the company, valued at approximately $2,069,472.62. The trade was a 12.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO Nelson Dias sold 373 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $111.53, for a total value of $41,600.69. Following the completion of the sale, the executive now owns 57,573 shares of the company's stock, valued at $6,421,116.69. This trade represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,172 shares of company stock valued at $1,356,847. Corporate insiders own 21.75% of the company's stock.
Analyst Upgrades and Downgrades
ALTR has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $113.00 price target on shares of Altair Engineering in a report on Monday, February 24th. Needham & Company LLC restated a "hold" rating on shares of Altair Engineering in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $100.83.
Get Our Latest Stock Report on Altair Engineering
Altair Engineering Price Performance
ALTR stock remained flat at $111.85 during trading on Monday. Altair Engineering Inc. has a 52 week low of $75.71 and a 52 week high of $113.12. The company has a market cap of $9.60 billion, a P/E ratio of 657.94, a price-to-earnings-growth ratio of 10.75 and a beta of 1.45. The company's 50 day moving average price is $111.09 and its 200 day moving average price is $105.67.
Altair Engineering (NASDAQ:ALTR - Get Free Report) last posted its earnings results on Thursday, February 20th. The software reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.15). Altair Engineering had a net margin of 2.13% and a return on equity of 8.08%. The firm had revenue of $192.63 million for the quarter, compared to analysts' expectations of $182.98 million. As a group, sell-side analysts expect that Altair Engineering Inc. will post 0.87 EPS for the current year.
About Altair Engineering
(
Free Report)
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.
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