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NASDAQ:ALTRAltair Engineering Stock Price, Forecast & News

$39.09
+1.49 (+3.96 %)
(As of 06/1/2020 04:00 PM ET)
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Compare
Today's Range
$37.47
Now: $39.09
$39.20
50-Day Range
$28.17
MA: $32.74
$39.09
52-Week Range
$23.04
Now: $39.09
$43.28
Volume381,500 shs
Average Volume339,161 shs
Market Capitalization$2.85 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.6
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions 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. The company offers software products in the areas of design, modeling, visualization; physics simulation; data intelligence; cloud computing; and Internet of Things for decision making in product design and development, manufacturing, energy management and exploration, financial services, health care, and retail operations. It also provides consulting, training, and implementation services; and client engineering services to support customers with ongoing product design and development services. The company was founded in 1985 and is headquartered in Troy, Michigan.
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Altair Engineering logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.8Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.91 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustrySemiconductors
SectorConstruction
Current SymbolNASDAQ:ALTR
CUSIP02144110
Phone248-614-2400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$458.92 million
Cash Flow$0.61 per share
Book Value$4.90 per share

Profitability

Net Income$-7,540,000.00

Miscellaneous

Employees2,950
Market Cap$2.85 billion
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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Altair Engineering (NASDAQ:ALTR) Frequently Asked Questions

How has Altair Engineering's stock been impacted by COVID-19 (Coronavirus)?

Altair Engineering's stock was trading at $29.21 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ALTR stock has increased by 33.8% and is now trading at $39.09. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Altair Engineering?

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

When is Altair Engineering's next earnings date?

Altair Engineering is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Altair Engineering.

How were Altair Engineering's earnings last quarter?

Altair Engineering Inc (NASDAQ:ALTR) announced its quarterly earnings results on Thursday, May, 7th. The software reported $0.16 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.14 by $0.02. The software earned $131.50 million during the quarter, compared to the consensus estimate of $128.74 million. Altair Engineering had a positive return on equity of 2.16% and a negative net margin of 3.14%. Altair Engineering's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 earnings per share. View Altair Engineering's earnings history.

What guidance has Altair Engineering issued on next quarter's earnings?

Altair Engineering issued an update on its second quarter 2020 After-Hours earnings guidance on Thursday, May, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $91-96 million, compared to the consensus revenue estimate of $114.65 million.

What price target have analysts set for ALTR?

6 brokers have issued 1-year target prices for Altair Engineering's shares. Their forecasts range from $28.00 to $38.00. On average, they expect Altair Engineering's stock price to reach $32.80 in the next twelve months. This suggests that the stock has a possible downside of 16.1%. View analysts' price targets for Altair Engineering.

Has Altair Engineering been receiving favorable news coverage?

Press coverage about ALTR stock has trended extremely positive on Monday, InfoTrie reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. 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 media sentiment score of 5.0 on InfoTrie's scale. They also gave news headlines about the software a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutAltair Engineering.

Who are some of Altair Engineering's key competitors?

What other stocks do shareholders of Altair Engineering own?

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

Who are Altair Engineering's key executives?

Altair Engineering's management team includes the following people:
  • Mr. James R. Scapa, Founder, Chairman & CEO (Age 62)
  • Mr. Brett Chouinard, Pres, COO & Director (Age 54)
  • Mr. Howard N. Morof, Chief Financial Officer (Age 59)
  • Dr. Uwe Schramm, Chief Technical Officer of Solvers & Optimization (Age 61)
  • Mr. Massimo Fariello, Sr. VP and Chief of R&D (Age 57)

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.

What is Altair Engineering's stock symbol?

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

Who are Altair Engineering's major shareholders?

Altair Engineering's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Matrix Capital Management Company LP (5.68%), Pictet Asset Management Ltd. (4.97%), BlackRock Inc. (4.52%), Janus Henderson Group PLC (3.43%), Conestoga Capital Advisors LLC (2.80%) and Impax Asset Management Group plc (2.51%). Company insiders that own Altair Engineering stock include Amy Messano, Brett R Chouinard, Christ Revocable Trust, David L Simon, 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.

Which institutional investors are selling Altair Engineering stock?

ALTR stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Fred Alger Management LLC, Silvercrest Asset Management Group LLC, Primecap Management Co. CA, Mutual of America Capital Management LLC, New York State Common Retirement Fund, Morgan Stanley, and Eaton Vance Management. Company insiders that have sold Altair Engineering company stock in the last year include Amy Messano, Brett R Chouinard, Christ Revocable Trust, David L Simon, Gc Investments Llc, George J Christ, Howard N Morof, James Dagg, James Ralph Scapa, Jrs Investments Llc, Martin E Nichols, Nelson Dias, R Scapa Declaration Of James, and Uwe Schramm. View insider buying and selling activity 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 Matrix Capital Management Company LP, Janus Henderson Group PLC, Impax Asset Management Group plc, Massachusetts Financial Services Co. MA, Conestoga Capital Advisors LLC, Pictet Asset Management Ltd., Geode Capital Management LLC, and AlphaCrest Capital Management LLC. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Altair Engineering's stock price today?

One share of ALTR stock can currently be purchased for approximately $39.09.

How big of a company is Altair Engineering?

Altair Engineering has a market capitalization of $2.85 billion and generates $458.92 million in revenue each year. The software earns $-7,540,000.00 in net income (profit) each year or $0.22 on an earnings per share basis. Altair Engineering employs 2,950 workers across the globe.

What is Altair Engineering's official website?

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

How can I contact Altair Engineering?

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]

This page was last updated on 6/1/2020 by MarketBeat.com Staff

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