NASDAQ:ALTRAltair Engineering Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Altair Engineering Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $37.69 0.00 (0.00 %) (As of 05/27/2020 04:00 PM ET) Add Compare Share Today's Range$36.50Now: $37.69▼$38.2150-Day Range$23.49MA: $31.30▼$36.2952-Week Range$23.04Now: $37.69▼$43.28Volume201,153 shsAverage Volume339,977 shsMarket Capitalization$2.75 billionP/E RatioN/ADividend YieldN/ABeta1.55 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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. The company offers software products in the areas of design, modeling, visualization; physics simulation; data intelligence; cloud computing; and Internet of Things for decision making in product design and development, manufacturing, energy management and exploration, financial services, health care, and retail operations. It also provides consulting, training, and implementation services; and client engineering services to support customers with ongoing product design and development services. The company was founded in 1985 and is headquartered in Troy, Michigan.Read More Beat the Market (BTM) Rank™ 0.8 Analyst's Opinion Consensus RatingAltair Engineering has received a consensus rating of Hold. The company's average rating score is 1.67, and is based on 1 buy rating, 2 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $32.80, Altair Engineering has a potential downside of 13.0% from its current price of $37.69.Amount of Analyst CoverageAltair Engineering has only been the subject of 2 research reports in the past 90 days. Previous Next 2.1 Community Rank Outperform VotesAltair Engineering has received 532 “outperform” votes. (Add your “outperform” vote.)Underperform VotesAltair Engineering has received 736 “underperform” votes. (Add your “underperform” vote.)Community SentimentAltair Engineering has received 58.04% “underperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldAltair Engineering does not currently pay a dividend.Dividend GrowthAltair Engineering does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Altair Engineering insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,024,877.00 in company stock.Percentage Held by InsidersOnly 29.27% of the stock of Altair Engineering is held by insiders.Percentage Held by Institutions52.92% of the stock of Altair Engineering is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Altair Engineering are expected to grow in the coming year, from ($0.01) to $0.18 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Altair Engineering is -188.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Altair Engineering is -188.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioAltair Engineering has a P/B Ratio of 7.71. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 0.8Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™0.91 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Prepackaged software Sub-IndustrySemiconductors SectorConstruction Current SymbolNASDAQ:ALTR Previous Symbol CUSIP02144110 CIK1701732 Webwww.altair.com Phone248-614-2400Debt Debt-to-Equity Ratio0.56 Current Ratio2.37 Quick Ratio2.37Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$458.92 million Price / Sales5.98 Cash Flow$0.63 per share Price / Cash Flow59.85 Book Value$4.89 per share Price / Book7.71Profitability EPS (Most Recent Fiscal Year)$0.22 Net Income$-7,540,000.00 Net Margins-3.14% Return on Equity2.16% Return on Assets1.04%Miscellaneous Employees2,950 Outstanding Shares72,866,000Market Cap$2.75 billion Next Earnings Date8/13/2020 (Estimated) OptionableOptionable NASDAQ:ALTR Rates by TradingView Receive ALTR News and Ratings via Email Sign-up to receive the latest news and ratings for ALTR and its competitors with MarketBeat's FREE daily newsletter. Altair Engineering (NASDAQ:ALTR) Frequently Asked Questions How has Altair Engineering's stock been impacted by COVID-19 (Coronavirus)? Altair Engineering's stock was trading at $29.21 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ALTR shares have increased by 29.0% and is now trading at $37.69. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Altair Engineering? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 3 sell ratings, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Altair Engineering. When is Altair Engineering's next earnings date? Altair Engineering is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Altair Engineering. How were Altair Engineering's earnings last quarter? Altair Engineering Inc (NASDAQ:ALTR) released its quarterly earnings data on Thursday, May, 7th. The software reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The software had revenue of $131.50 million for the quarter, compared to analyst estimates of $128.74 million. Altair Engineering had a negative net margin of 3.14% and a positive return on equity of 2.16%. Altair Engineering's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 earnings per share. View Altair Engineering's earnings history. What guidance has Altair Engineering issued on next quarter's earnings? Altair Engineering updated its second quarter 2020 After-Hours earnings guidance on Thursday, May, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $91-96 million, compared to the consensus revenue estimate of $114.65 million. What price target have analysts set for ALTR? 6 brokers have issued 12 month price objectives for Altair Engineering's shares. Their forecasts range from $28.00 to $38.00. On average, they expect Altair Engineering's share price to reach $32.80 in the next year. This suggests that the stock has a possible downside of 13.0%. View analysts' price targets for Altair Engineering. Has Altair Engineering been receiving favorable news coverage? Media headlines about ALTR stock have trended somewhat positive this week, according to InfoTrie. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Altair Engineering earned a daily sentiment score of 1.8 on InfoTrie's scale. They also gave headlines about the software a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near future. View the latest news aboutAltair Engineering. Who are some of Altair Engineering's key competitors? Some companies that are related to Altair Engineering include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Xilinx (XLNX), Microchip Technology (MCHP), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cypress Semiconductor (CY), Inphi (IPHI) and Cree (CREE). View all 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 Gilead Sciences (GILD), Intel (INTC), Tesla (TSLA), Netflix (NFLX), QUALCOMM (QCOM), Applied Materials (AMAT), salesforce.com (CRM), Cisco Systems (CSCO), NVIDIA (NVDA) and Allergan (AGN). Who are Altair Engineering's key executives? Altair Engineering's management team includes the following 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 acted as the underwriters for the IPO and William Blair and Canaccord Genuity were co-managers. What is Altair Engineering's stock symbol? Altair Engineering trades on the NASDAQ under the ticker symbol "ALTR." Who are Altair Engineering's major shareholders? Altair Engineering's stock is owned by many different institutional and retail investors. Top institutional investors include Matrix Capital Management Company LP (5.68%), Pictet Asset Management Ltd. (4.97%), BlackRock Inc. (4.52%), Janus Henderson Group PLC (3.43%), Conestoga Capital Advisors LLC (2.80%) and Impax Asset Management Group plc (2.51%). Company insiders that own Altair Engineering stock include Amy Messano, Brett R Chouinard, Christ Revocable Trust, David L Simon, 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 major investors are selling Altair Engineering stock? ALTR stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Fred Alger Management LLC, Silvercrest Asset Management Group LLC, Primecap Management Co. CA, Mutual of America Capital Management LLC, New York State Common Retirement Fund, Morgan Stanley, and Eaton Vance Management. Company insiders that have sold Altair Engineering company stock in the last year include Amy Messano, Brett R Chouinard, Christ Revocable Trust, David L Simon, Gc Investments Llc, George J Christ, Howard N Morof, James Dagg, James Ralph Scapa, Jrs Investments Llc, Martin E Nichols, Nelson Dias, R Scapa Declaration Of James, and Uwe Schramm. View insider buying and selling activity for Altair Engineering. Which major investors are buying Altair Engineering stock? ALTR stock was acquired by a variety of institutional investors in the last quarter, including Matrix Capital Management Company LP, Janus Henderson Group PLC, Impax Asset Management Group plc, Massachusetts Financial Services Co. MA, Conestoga Capital Advisors LLC, Pictet Asset Management Ltd., Geode Capital Management LLC, and AlphaCrest Capital Management LLC. View insider buying and selling activity 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 $37.69. How big of a company is Altair Engineering? Altair Engineering has a market capitalization of $2.75 billion and generates $458.92 million in revenue each year. The software earns $-7,540,000.00 in net income (profit) each year or $0.22 on an earnings per share basis. Altair Engineering employs 2,950 workers across the globe. What is Altair Engineering's official website? The official website for Altair Engineering is www.altair.com. How can I contact Altair Engineering? 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] This page was last updated on 5/27/2020 by MarketBeat.com Staff
