US Bancorp DE Sells 5,295 Shares of Altair Engineering Inc. (NASDAQ:ALTR)

US Bancorp DE reduced its stake in Altair Engineering Inc. (NASDAQ:ALTR) by 80.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,277 shares of the software’s stock after selling 5,295 shares during the quarter. US Bancorp DE’s holdings in Altair Engineering were worth $139,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in Altair Engineering by 77.0% in the 4th quarter. UMB Bank n.a. now owns 285 shares of the software’s stock valued at $31,000 after acquiring an additional 124 shares during the period. GAMMA Investing LLC raised its holdings in Altair Engineering by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 729 shares of the software’s stock valued at $80,000 after acquiring an additional 93 shares during the period. Blue Trust Inc. raised its holdings in Altair Engineering by 185.5% in the 4th quarter. Blue Trust Inc. now owns 825 shares of the software’s stock valued at $90,000 after acquiring an additional 536 shares during the period. KBC Group NV raised its holdings in Altair Engineering by 17.9% in the 3rd quarter. KBC Group NV now owns 1,640 shares of the software’s stock valued at $157,000 after acquiring an additional 249 shares during the period. Finally, IFP Advisors Inc bought a new position in Altair Engineering in the 4th quarter valued at about $185,000. 63.38% of the stock is owned by institutional investors.

Insider Activity at Altair Engineering

In other Altair Engineering news, Director Teresa A. Harris sold 450 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $111.08, for a total value of $49,986.00. Following the sale, the director now owns 18,092 shares in the company, valued at $2,009,659.36. This trade represents a 2.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Matthew Charles Brown sold 1,048 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $108.90, for a total transaction of $114,127.20. Following the completion of the sale, the chief financial officer now owns 55,519 shares in the company, valued at $6,046,019.10. This represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,805 shares of company stock valued at $1,202,184 over the last three months. 21.75% of the stock is owned by insiders.

Altair Engineering Trading Up 0.2 %

Shares of ALTR opened at $111.35 on Monday. The firm’s 50 day moving average is $110.77 and its 200-day moving average is $103.95. The stock has a market capitalization of $9.55 billion, a PE ratio of 655.00, a P/E/G ratio of 10.75 and a beta of 1.45. Altair Engineering Inc. has a 12 month low of $75.71 and a 12 month high of $113.12.

Altair Engineering (NASDAQ:ALTR) last announced its quarterly earnings data 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 firm had revenue of $192.63 million during 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%. Equities research analysts predict that Altair Engineering Inc. will post 0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ALTR. Needham & Company LLC reissued a “hold” rating on shares of Altair Engineering in a report on Friday, February 21st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $113.00 target price 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 given a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $100.83.

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.