NASDAQ:ALTR - Altair Engineering Stock Price, News, & Analysis

Altair Engineering trades on the NASDAQ under the ticker symbol "ALTR."

Altair Engineering Inc (NASDAQ:ALTR) announced its quarterly earnings data on Thursday, May, 9th. The software reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. The software earned $127.86 million during the quarter, compared to the consensus estimate of $125.82 million. Altair Engineering had a return on equity of 11.56% and a net margin of 2.62%. Altair Engineering's revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 EPS. View Altair Engineering's Earnings History.

Altair Engineering is scheduled to release their next quarterly earnings announcement on Thursday, August 8th 2019. View Earnings Estimates for Altair Engineering.

Altair Engineering updated its second quarter 2019 earnings guidance on Thursday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $106-108 million, compared to the consensus revenue estimate of $113.2 million.Altair Engineering also updated its FY 2019 guidance to EPS.

7 Wall Street analysts have issued 1-year target prices for Altair Engineering's shares. Their forecasts range from $36.00 to $43.00. On average, they anticipate Altair Engineering's share price to reach $39.7833 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price. View Analyst Price Targets for Altair Engineering.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Altair Engineering.

News articles about ALTR stock have trended very negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Altair Engineering earned a coverage optimism score of -3.8 on InfoTrie's scale. They also gave media headlines about the software a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future.

Some companies that are related to Altair Engineering include Tableau Software (DATA), PTC (PTC), Docusign (DOCU), Micro Focus International (MFGP), UBISOFT ENTMT S/ADR (UBSFY), Guidewire Software (GWRE), Black Knight (BKI), Tyler Technologies (TYL), HubSpot (HUBS), Mongodb (MDB), Ceridian HCM (CDAY), Nutanix (NTNX), Coupa Software (COUP), Trend Micro (TMICY) and Elastic (ESTC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Altair Engineering investors own include Cisco Systems (CSCO), Intel (INTC), NVIDIA (NVDA), QUALCOMM (QCOM), Xilinx (XLNX), Allergan (AGN), Applied Materials (AMAT), Skyworks Solutions (SWKS), Tesla (tsla) and salesforce.com (CRM).

(ALTR) raised $144 million in an initial public offering (IPO) on Wednesday, November 1st 2017. The company issued 12,000,000 shares at $11.00-$13.00 per share. J.P. Morgan, RBC Capital Markets and Deutsche Bank Securities acted as the underwriters for the IPO and William Blair and Canaccord Genuity were co-managers.

Altair Engineering's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Neuberger Berman Group LLC (3.83%), BlackRock Inc. (3.35%), Primecap Management Co. CA (1.63%), Wasatch Advisors Inc. (1.34%), Janus Henderson Group PLC (0.85%) and Wells Fargo & Company MN (0.73%). Company insiders that own Altair Engineering stock include Brett R Chouinard, Gc Investments Llc, George J Christ, Howard N Morof, James Dagg, James E Brancheau, James Ralph Scapa, Jan Kowal, Jrs Investments Llc, Mahalingam Srikanth, Martin E Nichols, Massimo Giuseppe Fariello, Nelson Dias, R Scapa Declaration Of James and Uwe Schramm. View Institutional Ownership Trends for Altair Engineering.

ALTR stock was sold by a variety of institutional investors in the last quarter, including Summit Partners Public Asset Management LLC, SG Americas Securities LLC, Oxford Asset Management LLP, BlackRock Inc., Strs Ohio, NJ State Employees Deferred Compensation Plan, Apriem Advisors and Wells Fargo & Company MN. Company insiders that have sold Altair Engineering company stock in the last year include Brett R Chouinard, George J Christ, Howard N Morof, James Dagg, James E Brancheau, James Ralph Scapa, Jan Kowal, Jrs Investments Llc, Mahalingam Srikanth, Martin E Nichols, Massimo Giuseppe Fariello, Nelson Dias, R Scapa Declaration Of James and Uwe Schramm. View Insider Buying and Selling for Altair Engineering.

ALTR stock was bought by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Primecap Management Co. CA, Charles Schwab Investment Management Inc., Wasatch Advisors Inc., Tygh Capital Management Inc., Dimensional Fund Advisors LP, JPMorgan Chase & Co. and Janus Henderson Group PLC. View Insider Buying and Selling for Altair Engineering.

Shares of ALTR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of ALTR stock can currently be purchased for approximately $37.30.

Altair Engineering has a market capitalization of $2.65 billion and generates $396.38 million in revenue each year. The software earns $13.72 million in net income (profit) each year or $0.37 on an earnings per share basis. Altair Engineering employs 2,850 workers across the globe.

The official website for Altair Engineering is http://www.altair.com/.

Altair Engineering's mailing address is 1820 E. BIG BEAVER ROAD, TROY MI, 48083. The software can be reached via phone at 248-614-2400 or via email at [email protected]