WINTON GROUP Ltd Acquires New Position in Altair Engineering Inc. (NASDAQ:ALTR)

WINTON GROUP Ltd bought a new position in shares of Altair Engineering Inc. (NASDAQ:ALTR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 64,851 shares of the software’s stock, valued at approximately $7,076,000.

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

Altair Engineering Stock Up 0.9 %

Altair Engineering stock opened at $112.73 on Thursday. The business’s 50-day moving average price is $111.02 and its 200 day moving average price is $105.17. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of 663.12, a price-to-earnings-growth ratio of 10.75 and a beta of 1.45. Altair Engineering Inc. has a 52 week low of $75.71 and a 52 week high of $113.12.

Altair Engineering (NASDAQ:ALTR) last released its quarterly earnings data 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%. Equities analysts expect that Altair Engineering Inc. will post 0.87 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Altair Engineering in a report on Friday, February 21st. Rosenblatt Securities reissued a “neutral” rating and set a $113.00 price target on shares of Altair Engineering in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $100.83.

Insider Buying and Selling

In other Altair Engineering news, CMO Amy Messano sold 235 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $111.53, for a total value of $26,209.55. Following the completion of the transaction, the chief marketing officer now owns 23,651 shares in the company, valued at approximately $2,637,796.03. This represents a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Nelson Dias sold 1,671 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $111.30, for a total value of $185,982.30. Following the sale, the executive now owns 55,411 shares in the company, valued at $6,167,244.30. This trade represents a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,172 shares of company stock valued at $1,356,847. Corporate insiders own 21.75% of the company’s stock.

Altair Engineering Company 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.