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NASDAQ:ALTR

Altair Engineering (ALTR) Stock Forecast, Price & News

$52.03
-0.16 (-0.31%)
(As of 05/20/2022 04:00 PM ET)
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Compare
Today's Range
$50.71
$53.31
50-Day Range
$49.58
$66.57
52-Week Range
$48.77
$82.96
Volume
275,708 shs
Average Volume
248,175 shs
Market Capitalization
$4.15 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
1.54
30 days | 90 days | 365 days | Advanced Chart
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Altair Engineering logo

About Altair Engineering

Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. The company operates in two segments, Software and Client Engineering Services. The Software segment includes solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet of Things platform and analytics tools, as well as support and the complementary software products. This segment also offers software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in marine, motorcycle, aerospace, chemical, and architecture industries; and software-related services, such as consulting, implementation, and training services that focuses on the product design and development expertise and analysis from the component level up to complete product engineering at various stage of the lifecycle. The Client Engineering Services segment provides client engineering services. In addition, the company is involved in the development and sale of solid state lighting technology along with communication and control protocols based on its intellectual property for the direct replacement of fluorescent light tubes with LED lamps. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. The company's customers include universities, government agencies, manufacturers, pharmaceutical firms, banking, financial services, and insurance, weather prediction agencies, and electronics design companies. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan.

Headlines

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Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:ALTR
CUSIP
02144110
Employees
2,800
Year Founded
1985

Sales & Book Value

Annual Sales
$532.18 million
Cash Flow
$0.73 per share
Book Value
$7.75 per share

Profitability

Net Income
$-8.79 million
Pretax Margin
0.62%

Debt

Price-To-Earnings

Miscellaneous

Free Float
61,702,000
Market Cap
$4.15 billion
Optionable
Optionable

Company Calendar

Last Earnings
5/05/2022
Today
5/20/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.62 out of 5 stars

Construction Sector

38th out of 133 stocks

Prepackaged Software Industry

35th out of 297 stocks

Analyst Opinion: 3.2Community Rank: 3.9Dividend Strength: 0.0Insider Behavior: 4.2Valuation: 1.9 5 -4 -3 -2 -1 -













Altair Engineering (NASDAQ:ALTR) Frequently Asked Questions

Is Altair Engineering a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Altair Engineering stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALTR, but not buy additional shares or sell existing shares.
View analyst ratings for Altair Engineering
or view top-rated stocks.

When is Altair Engineering's next earnings date?

Altair Engineering is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Altair Engineering
.

How were Altair Engineering's earnings last quarter?

Altair Engineering Inc. (NASDAQ:ALTR) issued its quarterly earnings results on Thursday, May, 5th. The software reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.08. The software earned $159.78 million during the quarter, compared to analyst estimates of $154.16 million. Altair Engineering had a negative net margin of 2.15% and a positive trailing twelve-month return on equity of 3.27%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 EPS.
View Altair Engineering's earnings history
.

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

Altair Engineering updated its second quarter 2022 earnings guidance on Monday, May, 16th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $128.00 million-$131.00 million, compared to the consensus revenue estimate of $128.94 million.

What price target have analysts set for ALTR?

7 Wall Street analysts have issued 12 month target prices for Altair Engineering's stock. Their forecasts range from $67.00 to $95.00. On average, they expect Altair Engineering's share price to reach $82.25 in the next year. This suggests a possible upside of 58.1% from the stock's current price.
View analysts' price targets for Altair Engineering
or view top-rated stocks among Wall Street analysts.

Who are Altair Engineering's key executives?
Altair Engineering's management team includes the following people:
What is James R. Scapa's approval rating as Altair Engineering's CEO?

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.

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), QUALCOMM (QCOM), Tesla (tsla), Applied Materials (AMAT), NVIDIA (NVDA), Cisco Systems (CSCO), Xilinx (XLNX), Salesforce (CRM) and Skyworks Solutions (SWKS).

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 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.15%), Vanguard Group Inc. (5.86%), Conestoga Capital Advisors LLC (2.98%), Eaton Vance Management (1.54%), Invesco Ltd. (1.34%) and State Street Corp (1.22%). Company insiders that own Altair Engineering stock include Amy Messano, Andrea Siudara, Brett R Chouinard, Brett R Chouinard, Brian Gayle, Christ Revocable Trust, David L Simon, George J Christ, George J Christ, Gilma Saravia, Howard N Morof, Howard N Morof, James Dagg, James Ralph Scapa, Jan Kowal, Jeffrey Marraccini, Jrs Investments Llc, Mahalingam Srikanth, Matthew Charles Brown, Nelson Dias, R Scapa Declaration Of James, Raoul Maitra, Richard Hart, Stephanie Buckner 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 Federated Hermes Inc., Invesco Ltd., ARK Investment Management LLC, Primecap Management Co. CA, Oak Ridge Investments LLC, BNP Paribas Arbitrage SA, Northern Trust Corp, and Sei Investments Co.. Company insiders that have sold Altair Engineering company stock in the last year include Amy Messano, Brett R Chouinard, Brian Gayle, George J Christ, Gilma Saravia, James Ralph Scapa, Jan Kowal, Jeffrey Marraccini, Jrs Investments Llc, Matthew Charles Brown, Nelson Dias, Raoul Maitra, Stephanie Buckner, and Uwe Schramm.
View insider buying and selling activity for Altair Engineering
or view top insider-selling stocks.

Which institutional investors are buying Altair Engineering stock?

ALTR stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Eaton Vance Management, abrdn plc, Massachusetts Financial Services Co. MA, State Street Corp, Russell Investments Group Ltd., Conestoga Capital Advisors LLC, and Goldman Sachs Group Inc..
View insider buying and selling activity for Altair Engineering
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Altair Engineering's stock price today?

One share of ALTR stock can currently be purchased for approximately $52.03.

How much money does Altair Engineering make?

Altair Engineering has a market capitalization of $4.15 billion and generates $532.18 million in revenue each year. The software earns $-8.79 million in net income (profit) each year or ($0.180010) on an earnings per share basis.

How many employees does Altair Engineering have?

Altair Engineering employs 2,800 workers across the globe.

Does Altair Engineering have any subsidiaries?

The following companies are subsidiares of Altair Engineering: ACUSIM Software, AWE Communications, Altair Engineering Finland Oy, Altair Engineering India Pvt. Ltd, Altair Engineering Ltd, Altair Product Design Inc., CEDRAT SA, Candi Controls, Carriots, Datawatach Corp, Datawatch Corporation, EDEM Simulation, EMSS, Ellexus, FluiDyna, M-Base, MODELiiS, Polliwog, Runtime Design Automation, S-FRAME Software Inc, SIMSOLID, SimLab, Solid Iris Technologies, Univa, World Programming Ltd, Wrap International (WRAP Software Business), newFASANT, newFaASANT, and solidThinking.

When was Altair Engineering founded?

Altair Engineering was founded in 1985.

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, via email at [email protected], or via fax at 248-614-2411.

This page was last updated on 5/20/2022 by MarketBeat.com Staff

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