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

$33.62
-0.84 (-2.44 %)
(As of 08/20/2019 04:00 PM ET)
Today's Range
$33.58
Now: $33.62
$34.37
50-Day Range
$34.06
MA: $40.12
$42.92
52-Week Range
$25.28
Now: $33.62
$43.99
Volume22,308 shs
Average Volume491,743 shs
Market Capitalization$2.41 billion
P/E Ratio91.92
Dividend YieldN/A
Beta1.4
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
SectorConstruction
Current SymbolNASDAQ:ALTR
CUSIP02144110
Phone248-614-2400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$396.38 million
Cash Flow$0.5962 per share
Book Value$4.07 per share

Profitability

Net Income$13.72 million

Miscellaneous

Employees2,850
Market Cap$2.41 billion
Next Earnings Date11/14/2019 (Estimated)
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) posted its earnings results on Thursday, August, 8th. The software reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.04 by $0.02. The software earned $106.80 million during the quarter, compared to analyst estimates of $108.69 million. Altair Engineering had a return on equity of 9.71% and a net margin of 1.48%. The company's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 EPS. 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, November 14th 2019. View Earnings Estimates for Altair Engineering.

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

Altair Engineering updated its third quarter 2019 earnings guidance on Thursday, August, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $105.20 - 107.20, compared to the consensus revenue estimate of $107.42 million.

What price target have analysts set for ALTR?

5 brokerages have issued 12-month price objectives for Altair Engineering's stock. Their forecasts range from $36.00 to $40.00. On average, they anticipate Altair Engineering's share price to reach $37.4250 in the next year. This suggests a possible upside of 11.3% from the stock's current price. View Analyst Price Targets for Altair Engineering.

What is the consensus analysts' recommendation for Altair Engineering?

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

Has Altair Engineering been receiving favorable news coverage?

News stories about ALTR stock have been trending positive recently, according to InfoTrie Sentiment. 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 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 2.5 on InfoTrie's scale. They also assigned news stories about the software a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock's share price in the next several days. View News Stories for Altair Engineering.

Are investors shorting Altair Engineering?

Altair Engineering saw a increase in short interest during the month of July. As of July 15th, there was short interest totalling 2,447,400 shares, an increase of 21.1% from the June 15th total of 2,021,800 shares. Based on an average daily trading volume, of 437,000 shares, the short-interest ratio is presently 5.6 days. Approximately 7.5% 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 Intel (INTC), NVIDIA (NVDA), QUALCOMM (QCOM), Allergan (AGN), Cisco Systems (CSCO), Xilinx (XLNX), salesforce.com (CRM), General Electric (GE), Skyworks Solutions (SWKS) 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 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.

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 BlackRock Inc. (5.17%), Vanguard Group Inc. (4.30%), Pictet Asset Management Ltd. (3.07%), Primecap Management Co. CA (1.61%), Wasatch Advisors Inc. (1.50%) and Eaton Vance Management (1.11%). 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 Charles Schwab Investment Management Inc., JPMorgan Chase & Co., RE Advisers Corp, SG Americas Securities LLC, Panagora Asset Management Inc., Morgan Stanley, Apriem Advisors and Invesco Ltd.. Company insiders that have sold Altair Engineering company stock in the last year include Brett R Chouinard, Christ Revocable Trust, Gc Investments Llc, Howard N Morof, James Dagg, James Ralph Scapa, Jan Kowal, Jrs Investments Llc, Mahalingam Srikanth, Martin E Nichols, 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 Pictet Asset Management Ltd., BlackRock Inc., Public Employees Retirement Association of Colorado, Balyasny Asset Management LLC, Nuveen Asset Management LLC, Redwood Investments LLC, Vanguard Group Inc. and Eagle Asset Management 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 $33.62.

How big of a company is Altair Engineering?

Altair Engineering has a market capitalization of $2.41 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.

What is Altair Engineering's official website?

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

How can I contact Altair Engineering?

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


MarketBeat Community Rating for Altair Engineering (NASDAQ ALTR)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  480 (Vote Outperform)
Underperform Votes:  664 (Vote Underperform)
Total Votes:  1,144
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 8/20/2019 by MarketBeat.com Staff

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