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
Sub-IndustrySemiconductors
SectorConstruction
SymbolNASDAQ:ALTR
CUSIP02144110
Phone248-614-2400
Debt
Debt-to-Equity Ratio0.01
Current Ratio0.77
Quick Ratio0.76
Price-To-Earnings
Trailing P/E Ratio-57.62
Forward P/E Ratio133.96
P/E GrowthN/A
Sales & Book Value
Annual Sales$333.33 million
Price / Sales6.86
Cash FlowN/A
Price / CashN/A
Book Value$0.96 per share
Price / Book37.68
Profitability
EPS (Most Recent Fiscal Year)($0.63)
Net Income$-99,400,000.00
Net MarginsN/A
Return on Equity-330.75%
Return on Assets-6.17%
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 Inc (NASDAQ:ALTR) released its quarterly earnings data on Monday, May, 14th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. The semiconductor manufacturer earned $91.70 million during the quarter, compared to analysts' expectations of $87.01 million. Altair Engineering's revenue for the quarter 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 Wall Street analysts have issued 1 year target prices for Altair Engineering's stock. Their forecasts range from $28.00 to $43.00. On average, they expect Altair Engineering's stock price to reach $35.1429 in the next year. 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), The Ultimate Software Group (ULTI), Tableau Software Inc Class A (DATA), Trend Micro (TMICY), Micro Focus International (MFGP), Black Knight (BKI), Guidewire Software (GWRE), SINA (SINA), Paycom Software (PAYC), Konami (KNMCY), Atlassian (TEAM), New Relic (NEWR), MuleSoft (MULE), Okta (OKTA) and National Instruments (NATI).
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 $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 Altair Engineering'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 Altair Engineering's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company have been lifted.
Has Altair Engineering been receiving favorable news coverage?
News coverage about ALTR stock has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altair Engineering earned a news impact score of 0.13 on Accern's scale. They also gave media stories about the semiconductor manufacturer an impact score of 46.85 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company'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 investors 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 Brett R Chouinard, Gc Investments Llc, George J Christ, Howard N Morof, James E Brancheau, James Ralph Scapa, Massimo Giuseppe Fariello and Nelson Dias. 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 Neuberger Berman Group LLC and Citadel Advisors LLC. Company insiders that have sold Altair Engineering company stock in the last year include Brett R Chouinard, Gc Investments Llc, George J Christ, Howard N Morof, James E Brancheau, James Ralph Scapa, Massimo Giuseppe Fariello and Nelson Dias. View Insider Buying and Selling for Altair Engineering.
Which institutional investors are buying Altair Engineering stock?
ALTR stock was purchased 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 $36.17.
How big of a company is Altair Engineering?
Altair Engineering has a market capitalization of $2.30 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.
