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

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

Altair Engineering Inc (NASDAQ:ALTR) posted its quarterly earnings results on Thursday, November, 7th. The software reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.05 by $0.14. The software earned $102.70 million during the quarter, compared to analysts' expectations of $105.04 million. Altair Engineering had a positive return on equity of 4.40% and a negative net margin of 3.85%. The company's quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 EPS. View Altair Engineering's Earnings History.

Altair Engineering is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for Altair Engineering.

Altair Engineering will be holding an earnings conference call on Thursday, February 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Altair Engineering issued an update on its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $$449-453 million, compared to the consensus revenue estimate of $$470.91 million.

6 analysts have issued 1-year price objectives for Altair Engineering's shares. Their forecasts range from $30.00 to $44.00. On average, they expect Altair Engineering's stock price to reach $35.20 in the next twelve months. This suggests that the stock has a possible downside of 7.8%. View Analyst Price Targets for Altair Engineering.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Altair Engineering.

Headlines about ALTR stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Altair Engineering earned a news impact score of -1.4 on InfoTrie's scale. They also assigned press coverage about the software a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Altair Engineering.

Altair Engineering saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 4,640,000 shares, an increase of 15.4% from the December 31st total of 4,020,000 shares. Based on an average daily trading volume, of 351,400 shares, the days-to-cover ratio is currently 13.2 days. Currently, 12.4% of the shares of the stock are short sold. View Altair Engineering's Current Options Chain.

Some companies that are related to Altair Engineering include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Marvell Technology Group (MRVL), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), First Solar (FSLR) and Cree (CREE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Altair Engineering investors own include Cisco Systems (CSCO), Intel (INTC), Allergan (AGN), NVIDIA (NVDA), QUALCOMM (QCOM), salesforce.com (CRM), General Electric (GE), Twitter (TWTR), Gilead Sciences (GILD) and Tesla (TSLA).

(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.

Altair Engineering's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Pictet Asset Management Ltd. (4.92%), Conestoga Capital Advisors LLC (2.70%), Eaton Vance Management (1.35%), State Street Corp (1.16%), Artisan Partners Limited Partnership (0.86%) and Fred Alger Management LLC (0.86%). 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 Citigroup Inc., Fred Alger Management LLC, Bank of Montreal Can, Chartwell Investment Partners LLC, New York State Common Retirement Fund, Bank of America Corp DE, UBS Asset Management Americas Inc. and ARK Investment Management LLC. Company insiders that have sold Altair Engineering company stock in the last year include Brett R Chouinard, Christ Revocable Trust, Gc Investments Llc, George J Christ, 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 and Uwe Schramm. View Insider Buying and Selling for Altair Engineering.

ALTR stock was acquired by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Conestoga Capital Advisors LLC, Pictet Asset Management Ltd., Eaton Vance Management, State Street Corp, Artisan Partners Limited Partnership, SG Americas Securities LLC and State of New Jersey Common Pension Fund D. 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 $38.18.

Altair Engineering has a market capitalization of $2.74 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 EAST BIG BEAVER ROAD, TROY MI, 48083. The software can be reached via phone at 248-614-2400 or via email at [email protected]