Becker Capital Management Has Lifted By $548,916 Its Alleghany (Y) Holding; 5 Analysts Bullish Altair Engineering Inc. (ALTR)

April 17, 2018 - By Winifred Garcia

Alleghany Corporation (NYSE:Y) Logo

Among 12 analysts covering Altera (NASDAQ:ALTR), 5 have Buy rating, 1 Sell and 6 Hold. Therefore 42% are positive. Altera had 16 analyst reports since July 24, 2015 according to SRatingsIntel. J.P. Morgan initiated the shares of ALTR in report on Monday, November 27 with “Hold” rating. The rating was maintained by Cowen & Co with “Buy” on Thursday, March 22. The stock has “Market Perform” rating by Northland Capital on Friday, July 24. The firm has “Buy” rating given on Thursday, March 22 by Berenberg. The rating was maintained by Canaccord Genuity with “Hold” on Wednesday, March 21. RBC Capital Markets maintained Altair Engineering Inc. (NASDAQ:ALTR) rating on Thursday, March 22. RBC Capital Markets has “Hold” rating and $3100 target. The stock has “Hold” rating by Vetr on Thursday, September 3. See Altair Engineering Inc. (NASDAQ:ALTR) latest ratings:

27/03/2018 Broker: Needham Rating: Buy New Target: $36 Initiates Coverage On
22/03/2018 Broker: Berenberg Rating: Buy New Target: $33.0000 Maintain
22/03/2018 Broker: Cowen & Co Rating: Buy Maintain
22/03/2018 Broker: RBC Capital Markets Rating: Hold New Target: $31.0000 Maintain
21/03/2018 Broker: Canaccord Genuity Rating: Hold New Target: $30.0 Maintain
30/01/2018 Broker: Berenberg Rating: Buy New Target: $33 Initiates Coverage On
27/11/2017 Broker: J.P. Morgan Rating: Hold New Target: $25.0 Initiate
27/11/2017 Broker: William Blair Rating: Outperform Initiates Coverage On
27/11/2017 Broker: RBC Capital Markets Rating: Sector Perform New Target: $26 Initiates Coverage On
27/11/2017 Broker: Canaccord Genuity Rating: Hold New Target: $25 Initiates Coverage On

Becker Capital Management Inc increased Alleghany Corp (Y) stake by 1.25% reported in 2017Q4 SEC filing. Becker Capital Management Inc acquired 921 shares as Alleghany Corp (Y)’s stock rose 1.88%. The Becker Capital Management Inc holds 74,368 shares with $44.33M value, up from 73,447 last quarter. Alleghany Corp now has $9.20B valuation. The stock increased 0.88% or $5.23 during the last trading session, reaching $597.82. About 21,920 shares traded. Alleghany Corporation (NYSE:Y) has declined 2.82% since April 17, 2017 and is downtrending. It has underperformed by 14.37% the S&P500.

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.07, from 1.14 in 2017Q3. It dropped, as 28 investors sold Y shares while 97 reduced holdings. 42 funds opened positions while 92 raised stakes. 12.58 million shares or 0.15% more from 12.56 million shares in 2017Q3 were reported. Quantitative Systematic Strategies Limited Liability Co has 0.18% invested in Alleghany Corporation (NYSE:Y). Victory Inc has 0.59% invested in Alleghany Corporation (NYSE:Y). Aqr Capital Ltd Com reported 129,032 shares. California State Teachers Retirement Systems holds 0.03% in Alleghany Corporation (NYSE:Y) or 26,436 shares. Coldstream Mgmt accumulated 456 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0.02% invested in Alleghany Corporation (NYSE:Y). Mcrae Management Inc reported 735 shares or 0.18% of all its holdings. Swiss Comml Bank owns 56,800 shares or 0.04% of their US portfolio. Weaver C Barksdale Associate Incorporated holds 59 shares or 0.04% of its portfolio. Diamond Hill Cap Mgmt holds 0.07% or 22,250 shares in its portfolio. Profund Lc holds 1,621 shares or 0.04% of its portfolio. Principal Finance Gp Inc reported 0.09% stake. Sg Americas Securities Limited Liability Corporation has 0.03% invested in Alleghany Corporation (NYSE:Y). Keybank Association Oh, a Ohio-based fund reported 591 shares. Balyasny Asset Mngmt Limited Liability stated it has 5,397 shares or 0.01% of all its holdings.

Among 2 analysts covering Alleghany (NYSE:Y), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Alleghany had 3 analyst reports since June 16, 2016 according to SRatingsIntel. Citigroup upgraded Alleghany Corporation (NYSE:Y) rating on Thursday, June 16. Citigroup has “Buy” rating and $43 target. The rating was upgraded by JMP Securities on Monday, September 11 to “Buy”. The rating was maintained by JMP Securities with “Hold” on Thursday, February 22.

Since February 27, 2018, it had 0 insider purchases, and 1 sale for $323,501 activity. LAVIN WILLIAM K had sold 530 shares worth $323,501.

Becker Capital Management Inc decreased Dell Technologies Inc Cl V stake by 19,578 shares to 89,429 valued at $7.27M in 2017Q4. It also reduced Qualcomm Inc (NASDAQ:QCOM) stake by 215,976 shares and now owns 513,424 shares. Costco Wholesale (NASDAQ:COST) was reduced too.

Altair Engineering Inc., together with its subsidiaries, provides enterprise-class engineering software worldwide. The company has market cap of $1.91 billion. The Company’s integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling and embedded systems, as well as provides data analytics and true-to-life visualization and rendering. It currently has negative earnings. The firm also offers client engineering services to support clients with long-term ongoing product design and development services, as well as consulting, training, and support services.

Alleghany Corporation (NYSE:Y) Institutional Positions Chart

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