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

$38.18
-0.69 (-1.78 %)
(As of 02/16/2020 04:00 PM ET)
Today's Range
$37.88
Now: $38.18
$39.11
50-Day Range
$35.91
MA: $37.75
$39.40
52-Week Range
$27.91
Now: $38.18
$43.28
Volume412,088 shs
Average Volume295,589 shs
Market Capitalization$2.74 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.39
Altair Engineering Inc, together with its subsidiaries, provides software and cloud solutions worldwide. The company operates through two segments, Software and Client Engineering Services. Its 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. Read More…

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustrySemiconductors
SectorN/A
Current SymbolNASDAQ:ALTR
CUSIP02144110
WebN/A
PhoneN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$396.38 million
Cash Flow$0.61 per share
Book Value$4.07 per share

Profitability

Net Income$13.72 million

Miscellaneous

Employees2,850
Market Cap$2.74 billion
Next Earnings Date2/27/2020 (Confirmed)
OptionableOptionable

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Altair Engineering (NASDAQ:ALTR) Frequently Asked Questions

What is Altair Engineering's stock symbol?

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

How were Altair Engineering's earnings last quarter?

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

When is Altair Engineering's next earnings date?

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

How can I listen to Altair Engineering's earnings call?

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.

What guidance has Altair Engineering issued on next quarter's earnings?

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

What price target have analysts set for ALTR?

6 brokerages have issued 12 month price objectives for Altair Engineering's stock. Their forecasts range from $30.00 to $44.00. On average, they anticipate Altair Engineering's stock price to reach $35.20 in the next year. This suggests that the stock has a possible downside of 7.8%. View Analyst Price Targets for Altair Engineering.

What is the consensus analysts' recommendation 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.

Has Altair Engineering been receiving favorable news coverage?

Media coverage about ALTR stock has trended somewhat positive on Sunday, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public 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 2.0 on InfoTrie's scale. They also assigned media headlines about the software a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Altair Engineering.

Are investors shorting Altair Engineering?

Altair Engineering saw a increase in short interest during the month of 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 currently 13.2 days. Approximately 12.4% of the shares of the company are sold short. View Altair Engineering's Current Options Chain.

Who are some of Altair Engineering's key competitors?

What other stocks do shareholders of Altair Engineering own?

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).

Who are Altair Engineering's key executives?

Altair Engineering's management team includes the folowing people:
  • Mr. James R. Scapa, Founder, Chairman & CEO (Age 62)
  • Mr. Brett Chouinard, Pres, COO & Director (Age 54)
  • Mr. Howard N. Morof, Chief Financial Officer (Age 59)
  • Dr. Uwe Schramm, Chief Technical Officer of Solvers & Optimization (Age 61)
  • Mr. Massimo Fariello, Sr. VP and Chief of R&D (Age 57)

When did Altair Engineering IPO?

(ALTR) raised $144 million in an 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 served as the underwriters for the IPO and William Blair and Canaccord Genuity were co-managers.

Who are Altair Engineering's major shareholders?

Altair Engineering's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Pictet Asset Management Ltd. (4.92%), Conestoga Capital Advisors LLC (2.70%), Eaton Vance Management (1.35%), State Street Corp (1.16%), Artisan Partners Limited Partnership (0.86%) and Fred Alger Management LLC (0.86%). 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.

Which institutional investors are selling Altair Engineering stock?

ALTR stock was sold by a variety of institutional investors in the last quarter, including Citigroup Inc., Fred Alger Management LLC, Bank of Montreal Can, Chartwell Investment Partners LLC, New York State Common Retirement Fund, Bank of America Corp DE, UBS Asset Management Americas Inc. and ARK Investment Management LLC. 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.

Which institutional investors are buying Altair Engineering stock?

ALTR stock was acquired by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Conestoga Capital Advisors LLC, Pictet Asset Management Ltd., Eaton Vance Management, State Street Corp, Artisan Partners Limited Partnership, SG Americas Securities LLC and State of New Jersey Common Pension Fund D. View Insider Buying and Selling for Altair Engineering.

How do I buy shares of 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.

What is Altair Engineering's stock price today?

One share of ALTR stock can currently be purchased for approximately $38.18.

How big of a company is Altair Engineering?

Altair Engineering has a market capitalization of $2.74 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.


MarketBeat Community Rating for Altair Engineering (NASDAQ ALTR)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  523 (Vote Outperform)
Underperform Votes:  723 (Vote Underperform)
Total Votes:  1,246
MarketBeat's community ratings are surveys of what our community members think about Altair Engineering and other stocks. Vote "Outperform" if you believe ALTR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ALTR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/16/2020 by MarketBeat.com Staff

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