UMB Bank n.a. Increases Holdings in Altair Engineering Inc. (NASDAQ:ALTR)

3 weeks ago
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UMB Bank n.a. increased its stake in shares of Altair Engineering Inc. (NASDAQ:ALTR – Free Report) by 77.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 285 shares of the software’s stock after acquiring an additional 124 shares during the quarter. UMB Bank n.a.’s holdings in Altair Engineering were worth $31,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ALTR. Conestoga Capital Advisors LLC lifted its position in Altair Engineering by 1.4% during the third quarter. Conestoga Capital Advisors LLC now owns 2,522,551 shares of the software’s stock valued at $240,929,000 after purchasing an additional 33,985 shares during the last quarter. State Street Corp boosted its holdings in shares of Altair Engineering by 3.3% in the 3rd 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 period. Geode Capital Management LLC raised its holdings in Altair Engineering by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,423,880 shares of the software’s stock valued at $136,020,000 after buying an additional 53,088 shares during the period. Dimensional Fund Advisors LP boosted its stake in Altair Engineering by 7.8% during the second quarter. Dimensional Fund Advisors LP now owns 513,695 shares of the software’s stock worth $50,384,000 after buying an additional 37,114 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Altair Engineering by 9.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 505,470 shares of the software’s stock valued at $48,277,000 after acquiring an additional 42,592 shares during the last quarter. Hedge funds and other institutional investors own 63.38% of the company’s stock.

In other Altair Engineering news, CEO James Ralph Scapa sold 13,000 shares of Altair Engineering 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 directly owns 134,045 shares of the company’s stock, valued at $13,751,676.55. The trade was a 8.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew Charles Brown sold 1,048 shares of Altair Engineering 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 of the company’s stock, valued at $6,046,019.10. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 81,447 shares of company stock valued at $8,557,933 in the last ninety days. 21.75% of the stock is currently owned by corporate insiders.

Check Out Our Latest Analysis on ALTR

ALTR opened at $110.38 on Friday. The firm has a fifty day moving average price of $107.83 and a 200 day moving average price of $98.70. Altair Engineering Inc. has a 1 year low of $75.71 and a 1 year high of $113.12. The stock has a market cap of $9.39 billion, a P/E ratio of 290.48, a P/E/G ratio of 10.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.27 and a quick ratio of 3.27.

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.
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