WINTON GROUP Ltd Buys Shares of 64,851 Altair Engineering Inc. (NASDAQ:ALTR)

WINTON GROUP Ltd purchased a new position in Altair Engineering Inc. (NASDAQ:ALTR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 64,851 shares of the software’s stock, valued at approximately $7,076,000. WINTON GROUP Ltd owned 0.08% of Altair Engineering as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ALTR. Vanguard Group Inc. grew its position in Altair Engineering by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 6,894,230 shares of the software’s stock valued at $752,229,000 after acquiring an additional 317,575 shares during the last quarter. State Street Corp grew its holdings in shares of Altair Engineering by 3.3% in the third quarter. State Street Corp now owns 2,053,957 shares of the software’s stock worth $196,173,000 after purchasing an additional 65,589 shares during the last quarter. Geode Capital Management LLC increased its stake in Altair Engineering by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,423,880 shares of the software’s stock worth $136,020,000 after buying an additional 53,088 shares during the period. Magnetar Financial LLC bought a new stake in Altair Engineering during the 4th quarter valued at about $62,142,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Altair Engineering by 9.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 505,470 shares of the software’s stock valued at $48,277,000 after buying an additional 42,592 shares during the period. 63.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Altair Engineering

In other news, Director Teresa A. Harris sold 2,700 shares of Altair Engineering stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $111.61, for a total value of $301,347.00. Following the transaction, the director now owns 18,542 shares of the company’s stock, valued at $2,069,472.62. The trade was a 12.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Nelson Dias sold 373 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 of the company’s stock, valued at $6,421,116.69. The trade was a 0.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,172 shares of company stock worth $1,356,847 over the last quarter. Insiders own 21.75% of the company’s stock.

Altair Engineering Stock Up 0.9 %

Shares of ALTR stock opened at $112.73 on Thursday. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of 663.12, a PEG 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. The company’s 50 day moving average is $111.02 and its 200 day moving average is $105.17.

Altair Engineering (NASDAQ:ALTR) last announced its earnings results on Thursday, February 20th. The software reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.15). The company had revenue of $192.63 million for the quarter, compared to the consensus estimate of $182.98 million. Altair Engineering had a net margin of 2.13% and a return on equity of 8.08%. Analysts anticipate that Altair Engineering Inc. will post 0.87 EPS for the current fiscal year.

Analyst Ratings Changes

ALTR has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Altair Engineering in a research note on Friday, February 21st. Rosenblatt Securities restated a “neutral” rating and set a $113.00 price objective on shares of Altair Engineering in a report on Monday, February 24th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, Altair Engineering has an average rating of “Hold” and an average target price of $100.83.

About Altair Engineering

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.