About Altair Engineering (NASDAQ:ALTR)
Altair Engineering Inc., together with its subsidiaries, provides enterprise-class engineering software worldwide. 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, as well as provides data analytics and true-to-life visualization and rendering. The company also offers client engineering services to support customers with long-term ongoing product design and development services, as well as consulting, training, and support services. Altair Engineering Inc. was founded in 1985 and is headquartered in Troy, Michigan.
Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustrySemiconductors
SectorConstruction
SymbolNASDAQ:ALTR
CUSIP02144110
Phone248-614-2400
Debt
Debt-to-Equity RatioN/A
Current Ratio0.73%
Quick Ratio0.72%
Price-To-Earnings
Trailing P/E Ratio-45.97
Forward P/E Ratio111.38
P/E GrowthN/A
Sales & Book Value
Annual Sales$333.33 million
Price / Sales5.49
Cash FlowN/A
Price / CashN/A
Book Value$0.96 per share
Price / Book30.17
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
Employees2,000
Outstanding Shares63,230,000
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 (NASDAQ:ALTR) released its earnings results on Wednesday, March, 21st. The semiconductor manufacturer reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.12. The semiconductor manufacturer earned $89.90 million during the quarter, compared to the consensus estimate of $87.56 million. Altair Engineering's revenue was up 8.6% on a year-over-year basis. View Altair Engineering's Earnings History.
When is Altair Engineering's next earnings date?
What price target have analysts set for ALTR?
8 analysts have issued 12 month target prices for Altair Engineering's stock. Their forecasts range from $28.00 to $37.00. On average, they anticipate Altair Engineering's stock price to reach $32.4286 in the next twelve months. View Analyst Ratings for Altair Engineering.
Who are some of Altair Engineering's key competitors?
Some companies that are related to Altair Engineering include Momo (MOMO), Black Knight (BKI), Tableau Software (DATA), Sina (SINA), Paycom (PAYC), Konami (KNMCY), National Instruments (NATI), Guidewire Software (GWRE), LogMeIn (LOGM), Atlassian (TEAM), MuleSoft (MULE), Blackbaud (BLKB), Okta (OKTA), RealPage (RP) and Nuance Communications (NUAN).
Who are Altair Engineering's key executives?
Altair Engineering's management team includes the folowing people:
- Mr. James R. Scapa, Founder, Chairman & CEO (Age 61)
- Mr. Howard N. Morof, Chief Financial Officer (Age 58)
- Mr. Massimo Fariello, Chief Strategy Officer (Age 56)
- Mr. Brett Chouinard, Chief Operating Officer (Age 53)
- Mr. Martin Nichols, Chief Information Officer (Age 55)
When did Altair Engineering IPO?
(ALTR) raised $144 million in an initial public offering 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.
When does the company's lock-up period expire?
Altair Engineering's lock-up period expires on Monday, April 30th. Altair Engineering had issued 12,000,000 shares in its initial public offering on November 1st. The total size of the offering was $156,000,000 based on an initial share price of $13.00. After the expiration of the company's lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
Has Altair Engineering been receiving favorable news coverage?
Press coverage about ALTR stock has trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Altair Engineering earned a daily sentiment score of 0.09 on Accern's scale. They also gave news coverage about the semiconductor manufacturer an impact score of 46.38 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
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, Scottrade, Fidelity and Charles Schwab.
What is Altair Engineering's stock price today?
One share of ALTR stock can currently be purchased for approximately $28.96.
How big of a company is Altair Engineering?
Altair Engineering has a market capitalization of $1.87 billion and generates $333.33 million in revenue each year. The semiconductor manufacturer earns $-99,400,000.00 in net income (profit) each year or ($0.63) on an earnings per share basis. Altair Engineering employs 2,000 workers across the globe.
How can I contact Altair Engineering?
Altair Engineering's mailing address is 1820 E. BIG BEAVER ROAD, TROY MI, 48083. The semiconductor manufacturer can be reached via phone at 248-614-2400.
MarketBeat Community Rating for Altair Engineering (ALTR)
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.
Altair Engineering (NASDAQ:ALTR) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for Altair Engineering in the last 12 months. Their average twelve-month price target is $32.4286, suggesting that the stock has a possible upside of 11.98%. The high price target for ALTR is $37.00 and the low price target for ALTR is $28.00. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Hold | Hold |
| Consensus Rating Score: | 2.63 | 2.63 | 2.40 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $32.4286 | $32.4286 | $26.00 | N/A |
| Price Target Upside: | 11.98% upside | 0.96% upside | 4.42% upside | N/A |
Altair Engineering (NASDAQ:ALTR) Consensus Price Target History
Altair Engineering (NASDAQ:ALTR) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
Altair Engineering (NASDAQ:ALTR) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 10/22/2015 | quarterly | $0.18 | 1.37% | 11/6/2015 | 11/10/2015 | 12/1/2015 |
| 7/23/2015 | quarterly | $0.18 | 1.47% | 8/6/2015 | 8/10/2015 | 9/1/2015 |
| 4/23/2015 | quarterly | $0.18 | 1.79% | 5/7/2015 | 5/11/2015 | 6/1/2015 |
| 1/22/2015 | quarterly | $0.18 | 2.12% | 2/6/2015 | 2/10/2015 | 3/2/2015 |
| 10/23/2014 | quarterly | $0.18 | 2.16% | 11/6/2014 | 11/10/2014 | 12/1/2014 |
| 7/24/2014 | quarterly | $0.18 | 2.15% | 8/7/2014 | 8/11/2014 | 9/2/2014 |
| 4/24/2014 | quarterly | $0.15 | 1.81% | 5/8/2014 | 5/12/2014 | 6/2/2014 |
| 1/23/2014 | quarterly | $0.15 | 1.87% | 2/6/2014 | 2/10/2014 | 3/3/2014 |
| 10/23/2013 | quarterly | $0.15 | 1.86% | 11/7/2013 | 11/12/2013 | 12/2/2013 |
| 6/3/2013 | quarterly | $0.15 | 1.78% | 8/8/2013 | 8/12/2013 | 9/3/2013 |
| 4/26/2013 | quarterly | $0.10 | 1.28% | 5/8/2013 | 5/10/2013 | 6/3/2013 |
| 1/23/2013 | quarterly | $0.10 | 1.19% | 2/7/2013 | 2/11/2013 | 3/1/2013 |
(Data available from 1/1/2013 forward)
Altair Engineering (NASDAQ ALTR) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 20.41%
Altair Engineering (NASDAQ ALTR) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 11/3/2017 | Gc Investments Llc | Major Shareholder | Sell | 800,000 | $12.09 | $9,672,000.00 | |  |
| 11/3/2017 | James Ralph Scapa | CEO | Sell | 1,734,996 | $12.09 | $20,976,101.64 | | |
| 11/23/2015 | Dan Biran | SVP | Sell | 10,750 | $52.74 | $566,955.00 | | |
| 10/29/2015 | Mark Jon Nelson | SVP | Sell | 5,062 | $52.64 | $266,463.68 | 645 | |
| 6/12/2015 | Jeffrey Waters | SVP | Sell | 52,854 | $51.52 | $2,723,038.08 | | |
| 6/4/2015 | Ronald J Pasek | CFO | Sell | 5,000 | $51.47 | $257,350.00 | | |
| 6/3/2015 | Mark Jon Nelson | SVP | Sell | 23,254 | $51.72 | $1,202,696.88 | | |
| 6/2/2015 | Elisha W Finney | Director | Sell | 20,000 | $51.73 | $1,034,600.00 | | |
| 6/2/2015 | Katherine Schuelke | SVP | Sell | 14,639 | $51.69 | $756,689.91 | | |
| 5/15/2015 | Dan Biran | SVP | Sell | 8,177 | $44.13 | $360,851.01 | | |
| 4/10/2015 | Dan Biran | SVP | Sell | 6,969 | $45.00 | $313,605.00 | | |
| 3/27/2015 | Dan Biran | SVP | Sell | 2,716 | $45.00 | $122,220.00 | | |
| 12/8/2014 | Mark Jon Nelson | SVP | Sell | 1,386 | $38.00 | $52,668.00 | | |
| 11/24/2014 | Katherine Schuelke | SVP | Sell | 20,000 | $36.42 | $728,400.00 | | |
| 11/24/2014 | Kevin J Mcgarity | Director | Sell | 10,000 | $36.47 | $364,700.00 | | |
| 11/21/2014 | Katherine Schuelke | SVP | Sell | 10,000 | $36.35 | $363,500.00 | | |
| 11/18/2014 | Katherine Schuelke | SVP | Sell | 10,000 | $35.80 | $358,000.00 | | |
| 11/4/2014 | Thomas Michael Nevens | Director | Sell | 12,500 | $34.48 | $431,000.00 | | |
| 9/15/2014 | Katherine Schuelke | SVP | Sell | 5,000 | $35.28 | $176,400.00 | | |
| 9/9/2014 | John Daane | CEO | Sell | 100,000 | $36.37 | $3,637,000.00 | | |
| 8/26/2014 | William Hata | SVP | Sell | 119,408 | $34.62 | $4,133,904.96 | | |
| 8/22/2014 | Kevin H Lyman | SVP | Sell | 8,000 | $34.85 | $278,800.00 | | |
| 8/14/2014 | Jeffrey Waters | SVP | Sell | 10,000 | $33.58 | $335,800.00 | | |
| 8/4/2014 | Mark Jon Nelson | SVP | Sell | 8,635 | $32.69 | $282,278.15 | | |
| 8/1/2014 | Dan Biran | SVP | Sell | 27,000 | $32.64 | $881,280.00 | | |
| 6/12/2014 | Katherine Schuelke | SVP | Sell | 5,190 | $33.94 | $176,148.60 | | |
| 6/10/2014 | William Hata | SVP | Sell | 40,000 | $33.82 | $1,352,800.00 | | |
| 5/30/2014 | Mark Jon Nelson | SVP | Sell | 2,177 | $33.33 | $72,559.41 | | |
| 5/19/2014 | Dan Biran | SVP | Sell | 2,697 | $33.11 | $89,297.67 | 9,685 | |
| 3/11/2014 | Kevin Mcgarity | Director | Sell | 1,667 | $36.15 | $60,262.05 | 18,381 | |
| 12/20/2013 | William Hata | SVP | Sell | 20,000 | $31.38 | $627,600.00 | 120,659 | |
| 11/29/2013 | William Hata | SVP | Sell | 20,000 | $32.49 | $649,800.00 | 120,565 | |
| 9/12/2013 | Thomas Michael Nevens | Director | Sell | 8,381 | $38.66 | $324,009.46 | | |
| 8/2/2013 | Mark Jon Nelson | SVP | Sell | 8,169 | $36.10 | $294,900.90 | | |
| 7/31/2013 | Katherine Schuelke | SVP | Sell | 5,000 | $35.50 | $177,500.00 | 49,107 | |
| 6/4/2013 | Ronald J Pasek | CFO | Sell | 40,355 | $33.98 | $1,371,262.90 | | |
| 6/4/2013 | William Hata | SVP | Sell | 20,000 | $33.87 | $677,400.00 | | |
| 5/16/2013 | Kevin H Lyman | SVP | Sell | 2,021 | $33.53 | $67,764.13 | | |
| 5/16/2013 | Ronald J Pasek | CFO | Sell | 14,436 | $33.69 | $486,348.84 | | |
| 5/16/2013 | Susan Wang | Director | Sell | 55,833 | $33.75 | $1,884,363.75 | | |
| 9/14/2012 | Katherine Schuelke | SVP | Sell | 5,000 | $38.46 | $192,300.00 | | |
| 9/5/2012 | William Hata | SVP | Sell | 21,059 | $36.68 | $772,444.12 | | |
| 8/9/2012 | George A Papa | VP | Sell | 10,000 | $36.93 | $369,300.00 | | |
(Data available from 1/1/2013 forward)
Altair Engineering (NASDAQ ALTR) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Altair Reinvents the Cloud High-Performance Computing Experience with the Release of PBS Works 2018
finance.yahoo.com - April 25 at 9:22 AM |
| WEYV Announces Partnership with Bonnier Corporation, Expands In-App Magazine Options
finance.yahoo.com - April 24 at 9:16 AM |
| Altair to Announce First Quarter 2018 Financial Results on May 14, 2018
finance.yahoo.com - April 23 at 4:32 PM |
 | Altair Engineering's Lock-Up Period To Expire on April 30th (NASDAQ:ALTR)
www.americanbankingnews.com - April 23 at 1:20 AM |
| 2018 Global Altair Technology Conference to be held in Paris, France
finance.yahoo.com - April 18 at 9:21 AM |
| Altair Engineering (ALTR) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - April 15 at 8:07 AM |
| Free Research Report as First Solar Reported Q4 FY17 and Full Year FY17 Financial Results
finance.yahoo.com - April 6 at 9:42 AM |
| Altair Engineering (ALTR) Upgraded to "Hold" at ValuEngine
www.americanbankingnews.com - April 3 at 8:10 PM |
| Mary C. Boyce, Dean of Engineering at Columbia University, Joins Altair Board
finance.yahoo.com - April 3 at 4:37 PM |
| Altair Engineering (ALTR) Now Covered by Analysts at Needham & Company LLC
www.americanbankingnews.com - March 26 at 5:28 PM |
| Altair Engineering (ALTR) Now Covered by Analysts at Berenberg Bank
www.americanbankingnews.com - March 26 at 1:58 PM |
| Canaccord Genuity Increases Altair Engineering (ALTR) Price Target to $30.00
www.americanbankingnews.com - March 23 at 10:46 PM |
| Zacks Investment Research Lowers Altair Engineering (ALTR) to Sell
www.americanbankingnews.com - March 23 at 4:34 PM |
 | Altair Engineering Inc. (ALTR) Q4 2017 Earnings Conference Call Transcript
www.msn.com - March 23 at 9:19 AM |
| William Blair Comments on Altair Engineering Inc's Q1 2018 Earnings (ALTR)
www.americanbankingnews.com - March 23 at 7:50 AM |
| Altair Engineering (ALTR) Price Target Raised to $34.00
www.americanbankingnews.com - March 22 at 10:22 PM |
| Head to Head Survey: Aecom (ACM) and Altair Engineering (ALTR)
www.americanbankingnews.com - March 22 at 7:18 PM |
| Altair Engineering (ALTR) PT Raised to $37.00
www.americanbankingnews.com - March 22 at 2:09 PM |
 | Altair Engineering (ALTR) PT Raised to $30 at Canaccord Genuity
www.streetinsider.com - March 22 at 9:34 AM |
| Altair Engineering (ALTR) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS
www.americanbankingnews.com - March 21 at 5:14 PM |
 | Altair Engineering beats by $0.12, beats on revenue
seekingalpha.com - March 21 at 4:38 PM |
| Altair Announces Fourth Quarter and Full Year 2017 Financial Results
finance.yahoo.com - March 21 at 4:38 PM |
| Altair Engineering Inc (ALTR) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - March 21 at 11:05 AM |
| Altair Engineering (ALTR) Scheduled to Post Quarterly Earnings on Wednesday
www.americanbankingnews.com - March 14 at 2:10 AM |
| Altair Engineering (ALTR) Given New $29.00 Price Target at Royal Bank of Canada
www.americanbankingnews.com - March 12 at 2:56 PM |
| Altair to Announce Fourth Quarter and Full Year 2017 Financial Results on March 21, 2018
finance.yahoo.com - March 6 at 4:54 PM |
| State of Wisconsin Investment Board Takes $2.63 Million Position in Altair Engineering Inc (ALTR)
www.americanbankingnews.com - March 4 at 9:31 AM |
| Spark Investment Management LLC Acquires New Position in Altair Engineering Inc (ALTR)
www.americanbankingnews.com - March 2 at 8:54 PM |
| 186,650 Shares in Altair Engineering Inc (ALTR) Acquired by Ascend Capital LLC
www.americanbankingnews.com - March 2 at 5:04 AM |
| Altair to Present at Berenberg Design Software Conference
finance.yahoo.com - February 28 at 5:07 PM |
| Fairview Capital Investment Management LLC Buys New Position in Altair Engineering Inc (ALTR)
www.americanbankingnews.com - February 28 at 3:40 PM |
| Cortina Asset Management LLC Purchases Shares of 331,692 Altair Engineering Inc (ALTR)
www.americanbankingnews.com - February 28 at 1:27 PM |
| Eaton Vance Management Buys New Holdings in Altair Engineering Inc (ALTR)
www.americanbankingnews.com - February 27 at 12:54 PM |
| Altair Engineering Inc (ALTR) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - February 24 at 8:06 AM |
| Altair Expands Thermal Capabilities for Electronics; Acquires TES International’s Software, Hires Key Technologist
finance.yahoo.com - February 21 at 9:22 AM |
| New VP to Lead Altair’s Virtual Wind Tunnel Solutions
finance.yahoo.com - February 13 at 9:21 AM |
| Inspire 2018 Software Release Accelerates Pace of Product Innovation
finance.yahoo.com - February 1 at 4:20 PM |
| Altair Engineering Inc (ALTR) Receives Consensus Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - January 30 at 9:40 AM |
 | KBR Wins New Contract for Indorama's Nigerian Ammonia Plant
www.zacks.com - January 26 at 9:21 AM |
| Zacks: Brokerages Set $26.00 Target Price for Altair Engineering Inc (ALTR)
www.americanbankingnews.com - January 26 at 7:38 AM |
| Zacks: Altair Engineering Inc (ALTR) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - January 11 at 7:32 PM |
| Altair Partner Alliance Expands Software Offering in 2017, Growth to Continue in 2018
finance.yahoo.com - January 11 at 3:26 PM |
| UPDATE -- Altair Partner Alliance Expands Software Offering in 2017, Growth to Continue in 2018
finance.yahoo.com - January 11 at 3:26 PM |
| Analysts Set $26.00 Price Target for Altair Engineering Inc (ALTR)
www.americanbankingnews.com - January 3 at 11:30 PM |
| Analyzing Altair Engineering (ALTR) & Its Competitors
www.americanbankingnews.com - December 22 at 9:20 PM |
| Altair Engineering Inc (ALTR) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - December 19 at 11:26 AM |
| Federal Court Dismisses MSC’s Trade Secret Claim Against Altair
finance.yahoo.com - December 19 at 8:17 AM |
| Wired News – Bay Area Rapid Transit Announces Its First Ever Utility Scale Solar Power PPA with Canadian Solar
finance.yahoo.com - December 12 at 8:08 AM |
| Altair Launches WEYV, Platform Offering Consumers Unlimited Access to Entertainment in a Single App Experience
finance.yahoo.com - December 5 at 8:04 AM |
| Q4 2017 EPS Estimates for Altair Engineering Inc Lowered by William Blair (ALTR)
www.americanbankingnews.com - December 4 at 3:12 AM |
Altair Engineering (NASDAQ:ALTR) SEC Filings
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Altair Engineering (NASDAQ:ALTR) Income Statement, Balance Sheet and Cash Flow Statement
Altair Engineering (NASDAQ ALTR) Stock Chart for Wednesday, April, 25, 2018
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