Altair Engineering Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Altair Engineering stock.
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Altair Engineering is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Altair Engineering.

Altair Engineering Inc. (NASDAQ:ALTR) posted its earnings results on Thursday, May, 6th. The software reported $0.31 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.21 by $0.10. The software had revenue of $150.16 million for the quarter, compared to the consensus estimate of $139.40 million. Altair Engineering had a positive trailing twelve-month return on equity of 4.01% and a negative net margin of 0.44%. The firm's revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS.
View Altair Engineering's earnings history.

Altair Engineering's stock was trading at $29.21 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ALTR stock has increased by 120.1% and is now trading at $64.28.
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Altair Engineering updated its FY 2021 earnings guidance on Thursday, May, 27th. The company provided EPS guidance of - for the period. The company issued revenue guidance of $504 million-$512 million, compared to the consensus revenue estimate of $507.22 million.

7 analysts have issued 12-month price objectives for Altair Engineering's shares. Their forecasts range from $45.00 to $68.00. On average, they anticipate Altair Engineering's share price to reach $59.20 in the next year. This suggests that the stock has a possible downside of 7.9%.
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166 employees have rated Altair Engineering CEO James R. Scapa on Glassdoor.com. James R. Scapa has an approval rating of 99% among Altair Engineering's employees. This puts James R. Scapa in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Altair Engineering include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Marvell Technology (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR) and Lattice Semiconductor (LSCC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Altair Engineering investors own include Gilead Sciences (GILD), Intel (INTC), QUALCOMM (QCOM), Tesla (tsla), Applied Materials (AMAT), NVIDIA (NVDA), Cisco Systems (CSCO), Xilinx (XLNX), salesforce.com (CRM) and Skyworks Solutions (SWKS).

(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.

Altair Engineering trades on the NASDAQ under the ticker symbol "ALTR."

Altair Engineering's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.91%), Conestoga Capital Advisors LLC (3.10%), Janus Henderson Group PLC (2.68%), Neuberger Berman Group LLC (2.35%), Bamco Inc. NY (2.24%) and Ameriprise Financial Inc. (1.86%). Company insiders that own Altair Engineering stock include Amy Messano, Andrea Siudara, Brett R Chouinard, Brian Gayle, Christ Revocable Trust, David L Simon, Gc Investments Llc, George J Christ, Gilma Saravia, Howard N Morof, James Dagg, James Ralph Scapa, Jan Kowal, Jrs Investments Llc, Mahalingam Srikanth, Martin E Nichols, Nelson Dias, R Scapa Declaration Of James, Raoul Maitra, Richard Hart and Uwe Schramm.
View institutional ownership trends for Altair Engineering.

ALTR stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Eaton Vance Management, Janus Henderson Group PLC, Neuberger Berman Group LLC, Bamco Inc. NY, Fred Alger Management LLC, Federated Hermes Inc., and Morgan Stanley. Company insiders that have sold Altair Engineering company stock in the last year include Amy Messano, Andrea Siudara, Brett R Chouinard, Brian Gayle, Christ Revocable Trust, David L Simon, George J Christ, Gilma Saravia, Howard N Morof, James Dagg, James Ralph Scapa, Jan Kowal, Jrs Investments Llc, Mahalingam Srikanth, Nelson Dias, R Scapa Declaration Of James, Raoul Maitra, Richard Hart, and Uwe Schramm.
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ALTR stock was purchased by a variety of institutional investors in the last quarter, including Oak Ridge Investments LLC, Artisan Partners Limited Partnership, ARK Investment Management LLC, BlackRock Inc., Oak Ridge Investments LLC, Geode Capital Management LLC, Bradley Foster & Sargent Inc. CT, and Sei Investments Co..
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Shares of ALTR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALTR stock can currently be purchased for approximately $64.28.

Altair Engineering has a market capitalization of $4.83 billion and generates $469.92 million in revenue each year. The software earns $-10,500,000.00 in net income (profit) each year or $0.08 on an earnings per share basis.

Altair Engineering employs 3,050 workers across the globe.

The following companies are subsidiares of Altair Engineering: ACUSIM Software, AWE Communications, Altair Engineering Finland Oy, Altair Engineering France, Altair Engineering GmbH, Altair Engineering India Pvt. Ltd., Altair Engineering Ltd., Altair Engineering Software Co., Altair Product Design, Altair ProductDesign, CEDRAT SA, Candi Controls, Carriots, Datawatch Corporation, Datawatch International Limited, EDEM Simulation, EMSS, FluiDyna, MODELiiS, Polliwog, Runtime Design Automation, Runtime Design Automation Inc, SIMSOLID, SimLab, Solid Iris Technologies, WEYV, Wrap International (WRAP Software Business), newFASANT, and solidThinking.

Altair Engineering was founded in 1985.

The official website for Altair Engineering is www.altair.com.

Altair Engineering is headquartered at 1820 EAST BIG BEAVER ROAD, TROY MI, 48083.

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]