NBT Bank N A NY Buys 107 Shares of Altair Engineering Inc. (NASDAQ:ALTR)

NBT Bank N A NY lifted its stake in shares of Altair Engineering Inc. (NASDAQ:ALTR) by 76.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 247 shares of the software’s stock after acquiring an additional 107 shares during the period. NBT Bank N A NY’s holdings in Altair Engineering were worth $27,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ALTR. UMB Bank n.a. boosted its holdings in Altair Engineering by 77.0% during the fourth 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 boosted its holdings in Altair Engineering by 14.6% during the fourth quarter. GAMMA Investing LLC now owns 729 shares of the software’s stock worth $80,000 after purchasing an additional 93 shares during the last quarter. Blue Trust Inc. boosted its holdings in 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 purchasing an additional 536 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Altair Engineering by 28.5% during the third quarter. Van ECK Associates Corp now owns 1,358 shares of the software’s stock worth $130,000 after purchasing an additional 301 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Altair Engineering by 17.9% during the third quarter. KBC Group NV now owns 1,640 shares of the software’s stock worth $157,000 after purchasing an additional 249 shares during the last quarter. Institutional investors own 63.38% of the company’s stock.

Insider Transactions at Altair Engineering

In other news, CRO Nelson Dias sold 373 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $111.53, for a total transaction of $41,600.69. Following the completion of the sale, the executive now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Teresa A. Harris sold 450 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $111.08, for a total transaction of $49,986.00. Following the sale, the director now owns 18,092 shares of the company’s stock, valued at approximately $2,009,659.36. This represents a 2.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,805 shares of company stock worth $1,202,184. 21.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Altair Engineering Price Performance

Shares of ALTR stock opened at $111.34 on Wednesday. The stock has a market cap of $9.55 billion, a P/E ratio of 654.94, a P/E/G ratio of 10.75 and a beta of 1.45. The company has a fifty day moving average price of $110.66 and a two-hundred day moving average price of $103.49. Altair Engineering Inc. has a one year low of $75.71 and a one year high of $113.12.

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

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.