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About Altair Engineering (NASDAQ:ALTR)
Altair Engineering Inc., together with its subsidiaries, provides enterprise-class engineering software 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, 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
Trailing P/E Ratio-56.22
Forward P/E Ratio130.37
Sales & Book Value
Annual Sales$333.33 million
Price / Sales6.68
Price / CashN/A
Book Value$1.03 per share
Price / Book34.17
EPS (Most Recent Fiscal Year)($0.63)
Return on Equity-330.75%
Return on Assets-6.17%
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) posted its quarterly earnings results on Monday, May, 14th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.03 by $0.05. The semiconductor manufacturer had revenue of $91.70 million for the quarter, compared to analysts' expectations of $87.01 million. The firm's revenue was up 19.2% 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 price objectives for Altair Engineering's stock. Their forecasts range from $28.00 to $37.00. On average, they anticipate Altair Engineering's share price to reach $32.8571 in the next twelve months. View Analyst Ratings for Altair Engineering.
What are Wall Street analysts saying about Altair Engineering stock?
Here are some recent quotes from research analysts about Altair Engineering stock:
- 1. According to Zacks Investment Research, "Altair Engineering Inc. is focused on the development and broad application of simulation technology to synthesize and optimize designs, processes and decisions for business performance. The company serves broad industry segments. Altair Engineering Inc. is headquartered in Michigan, USA. " (5/22/2018)
- 2. Berenberg Bank analysts commented, "We maintain our Buy recommendation with a price target of $36 (from $35)." (5/17/2018)
Who are some of Altair Engineering's key competitors?
Some companies that are related to Altair Engineering include Tyler Technologies (TYL), Trend Micro (TMICY), Ultimate Software Group (ULTI), Momo (MOMO), Micro Focus (MFGP), Tableau Software Inc Class A (DATA), Black Knight (BKI), Guidewire Software (GWRE), Konami (KNMCY), DocuSign (DOCU), Sina (SINA), Atlassian (TEAM), Paycom Software (PAYC), MuleSoft (MULE) and LogMeIn (LOGM).
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 (IPO) 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.
When did the company's lock-up period expire?
Altair Engineering's lock-up period expired on Monday, April 30th. Altair Engineering had issued 12,000,000 shares in its IPO on November 1st. The total size of the offering was $156,000,000 based on an initial share price of $13.00. Since the end of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company have been lifted.
Has Altair Engineering been receiving favorable news coverage?
Media coverage about ALTR stock has been trending somewhat positive this week, Accern reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Altair Engineering earned a news sentiment score of 0.06 on Accern's scale. They also gave news stories about the semiconductor manufacturer an impact score of 46.30 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are Altair Engineering's major shareholders?
Altair Engineering's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Royal Bank of Canada (2.08%), Neuberger Berman Group LLC (2.02%), BlackRock Inc. (1.25%), Eaton Vance Management (0.98%), Contour Asset Management LLC (0.89%) and Franklin Resources Inc. (0.64%). Company insiders that own Altair Engineering stock include Gc Investments Llc and James Ralph Scapa. 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 Neuberger Berman Group LLC and Citadel Advisors LLC. Company insiders that have sold Altair Engineering company stock in the last year include Gc Investments Llc and James Ralph Scapa. View Insider Buying and Selling for Altair Engineering.
Which major investors are buying Altair Engineering stock?
ALTR stock was bought by a variety of institutional investors in the last quarter, including Royal Bank of Canada, Contour Asset Management LLC, Millennium Management LLC, Pier Capital LLC, Spark Investment Management LLC, Tygh Capital Management Inc., BlackRock Inc. and Franklin Resources Inc.. 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, Scottrade, Fidelity and Charles Schwab.
What is Altair Engineering's stock price today?
One share of ALTR stock can currently be purchased for approximately $35.23.
How big of a company is Altair Engineering?
Altair Engineering has a market capitalization of $2.25 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 $32.8571, suggesting that the stock has a possible downside of 6.66%. 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||Buy||Hold|
|Consensus Rating Score: ||2.63||2.63||2.50||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)
3 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: ||$32.8571||$32.4286||$27.40||N/A|
|Price Target Upside: ||6.66% downside||0.96% upside||8.64% upside||N/A|
Altair Engineering (NASDAQ:ALTR) Consensus Price Target History
Altair Engineering (NASDAQ:ALTR) Analyst Ratings History
(Data available from 5/23/2016 forward)
Altair Engineering (NASDAQ:ALTR) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Altair Engineering (NASDAQ ALTR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 38.24%
Institutional Ownership Percentage: 23.20%
Altair Engineering (NASDAQ ALTR) Insider Trading History
(Data available from 1/1/2013 forward)
|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|| |
Altair Engineering (NASDAQ ALTR) News Headlines
|Altair Engineering (ALTR) Receives "Buy" Rating from Berenberg Bank|
www.americanbankingnews.com - May 17 at 2:51 PM
|FY2018 Earnings Forecast for Altair Engineering (ALTR) Issued By William Blair|
www.americanbankingnews.com - May 17 at 7:34 AM
|Altair: Surprise Return To Growth|
seekingalpha.com - May 16 at 9:33 AM
|Brokers Issue Forecasts for Altair Engineering's Q2 2018 Earnings (ALTR)|
www.americanbankingnews.com - May 16 at 7:26 AM
|Altair Engineering's (ALTR) CEO Jim Scapa on Q1 2018 Results - Earnings Call Transcript|
seekingalpha.com - May 15 at 9:49 AM
|Altair Engineering (ALTR) Announces Earnings Results, Beats Estimates By $0.05 EPS|
www.americanbankingnews.com - May 14 at 5:46 PM
|Altair Announces First Quarter 2018 Financial Results|
finance.yahoo.com - May 14 at 4:38 PM
|Altair Engineering acquires FluiDyna GmbH|
seekingalpha.com - May 11 at 4:40 PM
|Altair Engineering (ALTR) Reports Acquisition of Germany-based FluiDyna GmbH|
www.streetinsider.com - May 11 at 10:09 AM
|Altair to Present at J.P. Morgan Conference|
finance.yahoo.com - May 11 at 10:09 AM
|Acquisition of FluiDyna Accelerates Altair’s Computational Fluid Dynamics Technology|
finance.yahoo.com - May 10 at 4:45 PM
|Altair Engineering (ALTR) Given Consensus Rating of "Hold" by Brokerages|
www.americanbankingnews.com - May 10 at 12:21 PM
|Altair Engineering (ALTR) versus BlackLine (BL) Head to Head Comparison|
www.americanbankingnews.com - May 9 at 3:12 AM
|Altair Engineering (ALTR), GE (GE) Sign Exclusive Distribution of GE's Flow Simulator Software|
www.streetinsider.com - May 8 at 9:15 AM
|GE and Altair Sign Agreement for Exclusive Distribution of GE’s Flow Simulator Software|
finance.yahoo.com - May 7 at 4:45 PM
|Altair Engineering (ALTR) Scheduled to Post Quarterly Earnings on Monday|
www.americanbankingnews.com - May 7 at 5:55 AM
|Acquisition of CANDI Controls Assets adds Edge Gateway Technology to Altair’s IoT Platform|
finance.yahoo.com - May 3 at 4:32 PM
|Nasdaq Invites the 2018 Altair Enlighten Award Winners to Participate in the Opening Market Bell Ceremony in Times Square|
finance.yahoo.com - May 1 at 9:20 AM
|Altair Nominated for Amazon Web Services (AWS) Industrial Software Competency|
finance.yahoo.com - April 26 at 9:07 AM
|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
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, May, 23, 2018