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
Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustrySemiconductors
SectorConstruction
Current SymbolNASDAQ:ALTR
Previous Symbol
CUSIP02144110
Phone248-614-2400
Debt
Debt-to-Equity RatioN/A
Current Ratio1.50
Quick Ratio1.50
Price-To-Earnings
Trailing P/E Ratio-43.49
Forward P/E Ratio85.63
P/E GrowthN/A
Sales & Book Value
Annual Sales$333.33 million
Price / Sales5.78
Cash FlowN/A
Price / Cash FlowN/A
Book Value$0.96 per share
Price / Book28.54
Profitability
EPS (Most Recent Fiscal Year)($0.63)
Net Income$-99,400,000.00
Net Margins-12.83%
Return on Equity13.76%
Return on Assets5.04%
Miscellaneous
Employees2,000
Outstanding Shares70,330,000
Market Cap$2.08 billion
OptionableOptionable
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) announced its quarterly earnings results on Thursday, November, 8th. The semiconductor manufacturer reported $0.06 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.06. The semiconductor manufacturer had revenue of $93.87 million for the quarter, compared to analyst estimates of $95.48 million. Altair Engineering had a positive return on equity of 13.76% and a negative net margin of 12.83%. View Altair Engineering's Earnings History.
When is Altair Engineering's next earnings date?
What price target have analysts set for ALTR?
7 equities research analysts have issued 12-month target prices for Altair Engineering's shares. Their predictions range from $36.00 to $43.00. On average, they anticipate Altair Engineering's stock price to reach $39.3333 in the next year. This suggests a possible upside of 43.6% from the stock's current price. View Analyst Price Targets for Altair Engineering.
What is the consensus analysts' recommendation for Altair Engineering?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Altair Engineering.
Has Altair Engineering been receiving favorable news coverage?
News headlines about ALTR stock have trended somewhat negative this week, according to InfoTrie. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public 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 -1.1 on InfoTrie's scale. They also assigned press coverage about the semiconductor manufacturer a news buzz of 8.0 out of 10, meaning that recent media coverage is very likely to have an effect on the company's share price in the near term.
Who are some of Altair Engineering's key competitors?
Some companies that are related to Altair Engineering include Trend Micro (TMICY), Micro Focus International (MFGP), Paycom Software (PAYC), The Ultimate Software Group (ULTI), Nutanix (NTNX), Okta (OKTA), Tyler Technologies (TYL), Docusign (DOCU), Guidewire Software (GWRE), Black Knight (BKI), National Instruments (NATI), Konami (KNMCY), SolarWinds (SWI), HubSpot (HUBS) and Ceridian HCM (CDAY).
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, Pres & COO (Age 53)
- Mr. Martin Nichols, Chief Information Officer (Age 55)
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 a price of $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.
Who are Altair Engineering's major shareholders?
Altair Engineering's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.89%), Vanguard Group Inc (3.89%), BlackRock Inc. (3.63%), Bamco Inc. NY (2.90%), Neuberger Berman Group LLC (2.80%) and Alliancebernstein L.P. (2.08%). 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 Citadel Advisors LLC, Bamco Inc. NY, Eaton Vance Management, Mutual of America Capital Management LLC, Tygh Capital Management Inc., Primecap Management Co. CA and Brown Advisory Inc.. Company insiders that have sold Altair Engineering company stock in the last year include Brett R Chouinard, 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 Alliancebernstein L.P., Neuberger Berman Group LLC, BlackRock Inc., Marshall Wace LLP, Vanguard Group Inc, Vanguard Group Inc., Franklin Resources Inc. and Axiom International Investors LLC DE. 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 $27.40.
How big of a company is Altair Engineering?
Altair Engineering has a market capitalization of $2.08 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.
What is Altair Engineering's official website?
How can I contact Altair Engineering?
Altair Engineering's mailing address is 1820 EAST BIG BEAVER ROAD, TROY MI, 48083. The semiconductor manufacturer can be reached via phone at 248-614-2400 or via email at [email protected]
MarketBeat Community Rating for Altair Engineering (NASDAQ 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.
