Altair Engineering Stock Price, News & Analysis (NASDAQ:ALTR)

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

Altair Engineering Inc (NASDAQ:ALTR) announced its earnings results on Thursday, August, 8th. The software reported $0.06 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.04 by $0.02. The software had revenue of $106.80 million for the quarter, compared to the consensus estimate of $108.69 million. Altair Engineering had a return on equity of 9.71% and a net margin of 1.48%. The firm's revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 EPS. View Altair Engineering's Earnings History.

Altair Engineering is scheduled to release their next quarterly earnings announcement on Thursday, November 14th 2019. View Earnings Estimates for Altair Engineering.

Altair Engineering issued an update on its third quarter 2019 earnings guidance on Thursday, August, 8th. The company provided earnings per share (EPS) 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.

5 equities research analysts have issued twelve-month price targets for Altair Engineering's stock. Their forecasts range from $36.00 to $40.00. On average, they anticipate Altair Engineering's stock price to reach $37.4250 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price. View Analyst Price Targets for Altair Engineering.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Altair Engineering.

Media headlines about ALTR stock have been trending somewhat negative recently, InfoTrie reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Altair Engineering earned a news impact score of -1.3 on InfoTrie's scale. They also assigned media coverage about the software a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Altair Engineering.

Altair Engineering saw a increase in short interest in August. As of August 31st, there was short interest totalling 3,048,500 shares, an increase of 21.6% from the July 31st total of 2,507,300 shares. Based on an average trading volume of 534,400 shares, the days-to-cover ratio is currently 5.7 days. Currently, 8.4% of the company's stock are short sold. View Altair Engineering's Current Options Chain.

Some companies that are related to Altair Engineering include Black Knight (BKI), Guidewire Software (GWRE), Dropbox (DBX), Coupa Software (COUP), UBISOFT ENTMT S/ADR (UBSFY), PTC (PTC), Momo (MOMO), Ceridian HCM (CDAY), Mongodb (MDB), Alteryx (AYX), Elastic (ESTC), HubSpot (HUBS), Trend Micro (TMICY), Anaplan (PLAN) and ITV PLC/ADR (ITVPY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Altair Engineering investors own include NVIDIA (NVDA), Intel (INTC), QUALCOMM (QCOM), Allergan (AGN), Cisco Systems (CSCO), Xilinx (XLNX), salesforce.com (CRM), General Electric (GE), Twitter (TWTR) 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's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.13%), 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.

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.

ALTR stock was bought 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.

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, Robinhood, Fidelity and Charles Schwab.

One share of ALTR stock can currently be purchased for approximately $34.07.

Altair Engineering has a market capitalization of $2.44 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.

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

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]