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

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

Altair Engineering Inc (NASDAQ:ALTR) released its quarterly earnings data on Thursday, November, 7th. The software reported ($0.09) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.05 by $0.14. The software earned $102.70 million during the quarter, compared to analysts' expectations of $105.04 million. Altair Engineering had a positive return on equity of 4.40% and a negative net margin of 3.85%. The firm's quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS. View Altair Engineering's Earnings History.

Altair Engineering is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for Altair Engineering.

Altair Engineering will be holding an earnings conference call on Thursday, February 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Altair Engineering issued an update on its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $$449-453 million, compared to the consensus revenue estimate of $$470.91 million.

6 analysts have issued 12 month target prices for Altair Engineering's stock. Their forecasts range from $30.00 to $44.00. On average, they expect Altair Engineering's share price to reach $35.20 in the next year. This suggests that the stock has a possible downside of 3.1%. View Analyst Price Targets for Altair Engineering.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Altair Engineering.

Media coverage about ALTR stock has trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Altair Engineering earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned news articles about the software a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Altair Engineering.

Altair Engineering saw a increase in short interest in January. As of January 15th, there was short interest totalling 4,640,000 shares, an increase of 15.4% from the December 31st total of 4,020,000 shares. Based on an average daily volume of 351,400 shares, the days-to-cover ratio is presently 13.2 days. Approximately 12.4% of the shares of the stock are sold short. View Altair Engineering's Current Options Chain.

Some companies that are related to Altair Engineering include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), First Solar (FSLR) and Cree (CREE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Altair Engineering investors own include Cisco Systems (CSCO), Intel (INTC), Allergan (AGN), NVIDIA (NVDA), QUALCOMM (QCOM), salesforce.com (CRM), General Electric (GE), Twitter (TWTR), Gilead Sciences (GILD) and Tesla (TSLA).

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

Altair Engineering's stock is owned by many different of institutional and retail investors. Top institutional investors include Pictet Asset Management Ltd. (4.92%), Bamco Inc. NY (2.70%), Conestoga Capital Advisors LLC (2.70%), Janus Henderson Group PLC (2.12%), Eaton Vance Management (1.35%) and State Street Corp (1.16%). Company insiders that own Altair Engineering stock include Brett R Chouinard, Christ Revocable Trust, 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 Alliancebernstein L.P., Citigroup Inc., Fred Alger Management LLC, Bank of Montreal Can, Bamco Inc. NY, Chartwell Investment Partners LLC, New York State Common Retirement Fund and Bank of America Corp DE. Company insiders that have sold Altair Engineering company stock in the last year include Brett R Chouinard, Christ Revocable Trust, Gc Investments Llc, George J Christ, Howard N Morof, James Dagg, James Ralph Scapa, Jan Kowal, Jrs Investments Llc, Mahalingam Srikanth, Martin E Nichols, 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 Janus Henderson Group PLC, Massachusetts Financial Services Co. MA, Conestoga Capital Advisors LLC, Pictet Asset Management Ltd., Eaton Vance Management, State Street Corp, Artisan Partners Limited Partnership and Geode Capital Management LLC. 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, Robinhood, Fidelity and Charles Schwab.

One share of ALTR stock can currently be purchased for approximately $36.32.

Altair Engineering has a market capitalization of $2.61 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.View Additional Information About Altair Engineering.

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

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