Hilltop National Bank Has $89,000 Stake in Altair Engineering Inc. (NASDAQ:ALTR)

Hilltop National Bank decreased its position in Altair Engineering Inc. (NASDAQ:ALTR) by 22.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 815 shares of the software’s stock after selling 235 shares during the period. Hilltop National Bank’s holdings in Altair Engineering were worth $89,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALTR. Blue Trust Inc. boosted its stake in Altair Engineering by 572.1% in the 3rd quarter. Blue Trust Inc. now owns 289 shares of the software’s stock worth $28,000 after purchasing an additional 246 shares during the period. GAMMA Investing LLC boosted its stake in shares of Altair Engineering by 52.2% during the 3rd quarter. GAMMA Investing LLC now owns 636 shares of the software’s stock valued at $61,000 after buying an additional 218 shares during the period. Van ECK Associates Corp boosted its stake in shares of Altair Engineering by 28.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,358 shares of the software’s stock valued at $130,000 after buying an additional 301 shares during the period. KBC Group NV boosted its stake in shares of Altair Engineering by 17.9% during the 3rd quarter. KBC Group NV now owns 1,640 shares of the software’s stock valued at $157,000 after buying an additional 249 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in shares of Altair Engineering during the 2nd quarter valued at $202,000. Institutional investors and hedge funds own 63.38% of the company’s stock.

Insider Buying and Selling

In other news, CEO James Ralph Scapa sold 13,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $102.59, for a total transaction of $1,333,670.00. Following the transaction, the chief executive officer now owns 134,045 shares in the company, valued at approximately $13,751,676.55. The trade was a 8.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder George J. Christ sold 2,176 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $95.31, for a total transaction of $207,394.56. Following the transaction, the insider now owns 300,000 shares in the company, valued at approximately $28,593,000. The trade was a 0.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 183,623 shares of company stock worth $19,422,328 in the last quarter. 21.75% of the stock is currently owned by company insiders.

Altair Engineering Stock Performance

Shares of ALTR opened at $110.25 on Friday. The company has a market capitalization of $9.38 billion, a PE ratio of 290.14, a price-to-earnings-growth ratio of 12.16 and a beta of 1.42. Altair Engineering Inc. has a one year low of $75.71 and a one year high of $113.12. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.27 and a quick ratio of 3.27. The company’s fifty day moving average price is $106.42 and its 200 day moving average price is $97.74.

Analyst Upgrades and Downgrades

ALTR has been the subject of a number of research reports. Rosenblatt Securities lifted their target price on shares of Altair Engineering from $88.00 to $113.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. William Blair reissued a “market perform” rating on shares of Altair Engineering in a research note on Thursday, October 31st. Wolfe Research lowered shares of Altair Engineering from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Royal Bank of Canada raised their price target on shares of Altair Engineering from $90.00 to $113.00 and gave the company a “sector perform” rating in a report on Thursday, October 31st. Finally, Loop Capital restated a “hold” rating and set a $113.00 price target on shares of Altair Engineering in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $100.71.

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.