Altair Engineering (ALTR) Stock Price, News & Analysis

Company Overview

Altair Engineering, Inc. (NASDAQ: ALTR) is a global technology company specializing in software and cloud solutions for product development, high-performance computing (HPC), and data analytics. The company’s offerings enable clients to optimize designs, simulate performance, and leverage data-driven insights across a broad spectrum of industries. By integrating engineering, artificial intelligence, and high-performance computing, Altair helps organizations accelerate innovation, reduce time to market, and improve product quality.

At the core of Altair’s product suite is HyperWorks, a comprehensive computer-aided engineering (CAE) platform that delivers simulation-driven design for structural analysis, fluid dynamics, and electromagnetics. Complementing HyperWorks is Altair’s cloud-based platform for on-demand computing and data management, allowing engineers and researchers to scale compute resources and collaborate in real time. The company also offers specialized solutions for data analytics, machine learning, and Internet of Things (IoT) applications, catering to industries that require advanced predictive modeling and real-time insights.

Founded in 1985 by James R. Scapa, Altair has grown from a small consulting firm into a recognized leader in the engineering software space. Under the leadership of Scapa and the executive team, the company has expanded its capabilities through strategic acquisitions and partnerships, integrating new simulation methods and data analytics tools into its portfolio. Altair’s governance emphasizes innovation and customer-centric development, with ongoing investments in research and development to address evolving market demands.

Headquartered in Troy, Michigan, Altair serves clients in North America, Europe, Asia-Pacific, and beyond. Its solutions are widely adopted in automotive, aerospace, defense, electronics, energy, and life sciences sectors, where reliable simulation and data analytics are critical. By offering both on-premises and cloud-based deployment options, Altair ensures that organizations of all sizes can access powerful computing resources and industry-leading engineering tools.

Key Stats

• Today's Range: $111.85 to $111.85
• 50-Day Range: $111.85 to $111.85
• 52-Week Range: $75.71 to $113.12
• Volume: N/A
• Average Volume: 734,183 shs
• Market Capitalization: $9.60 billion
• P/E Ratio: 657.94
• Dividend Yield: N/A
• Price Target: $100.83
• Consensus Rating: Reduce

Altair Engineering Stock Analysis - MarketRank™

Altair Engineering scored higher than 29% of companies evaluated by MarketBeat, and ranked 520th out of 663 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.9 / 5
• Analyst Rating: Reduce

Consensus Rating

Altair Engineering has received a consensus rating of Reduce. The company's average rating score is 1.88, and is based on no buy ratings, 7 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Altair Engineering has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 48.28%

Earnings Growth

Earnings for Altair Engineering are expected to grow by 48.28% in the coming year, from $0.87 to $1.29 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Altair Engineering is 657.94, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Altair Engineering is 657.94, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 37.24.

Price to Earnings Growth Ratio

Altair Engineering has a PEG Ratio of 10.75. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Altair Engineering has a P/B Ratio of 11.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ALTR.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Altair Engineering does not currently pay a dividend.

Dividend Growth

Altair Engineering does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Altair Engineering is 423.53%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Altair Engineering will have a dividend payout ratio of 55.81% next year. This indicates that Altair Engineering will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.9 / 5
• Environmental Score: -1.04

Short Interest

There is no current short interest data available for ALTR.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

1 people have searched for ALTR on MarketBeat in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Altair Engineering insiders have not sold or bought any company stock.

Percentage Held by Insiders

21.75% of the stock of Altair Engineering is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

63.38% of the stock of Altair Engineering is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ALTR Stock Analysis - Frequently Asked Questions

How have ALTR shares performed this year?

Altair Engineering's stock was trading at $109.11 on January 1st, 2025. Since then, ALTR shares have increased by 2.5% and is now trading at $111.85.

How were Altair Engineering's earnings last quarter?

Altair Engineering Inc. (NASDAQ:ALTR) released its quarterly earnings results on Thursday, February, 20th. The software reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.15. The software earned $192.63 million during the quarter, compared to the consensus estimate of $182.98 million. Altair Engineering had a net margin of 2.13% and a trailing twelve-month return on equity of 8.08%.

Does Altair Engineering have any subsidiaries?

Altair Engineering subsidiaries include Concept Engineering, Gen3D, Powersim, World Programming Ltd, S-FRAME Software Inc, M-Base, Univa, and more.

When did Altair Engineering IPO?

Altair Engineering (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 acted as the underwriters for the IPO and William Blair and Canaccord Genuity were co-managers.

How do I buy shares of Altair Engineering?

Shares of ALTR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Altair Engineering own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Altair Engineering investors own include Waste Connections (WCN), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), DiamondRock Hospitality (DRH), American Water Works (AWK), AU Optronics (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 2/20/2025
• Today: 7/05/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Semiconductors
• Current Symbol: NASDAQ:ALTR
• CIK: 1701732
• Web: www.altair.com
• Phone: (248) 614-2400
• Fax: 248-614-2411
• Employees: 3,000
• Year Founded: 1985

Price Target and Rating

• Average Stock Price Target: $100.83
• High Stock Price Target: $113.00
• Low Stock Price Target: $71.00
• Potential Upside/Downside: -9.8%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.88
• Research Coverage: 8 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.17
• Trailing P/E Ratio: 657.94
• Forward P/E Ratio: 128.56
• P/E Growth: 10.75
• Net Income: $14.18 million
• Net Margins: 2.13%
• Pretax Margin: 4.90%
• Return on Equity: 8.08%
• Return on Assets: 4.74%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.61
• Quick Ratio: 1.61

Sales & Book Value

• Annual Sales: $665.79 million
• Price / Sales: 14.41
• Cash Flow: $1.24 per share
• Price / Cash Flow: 90.15
• Book Value: $10.07 per share
• Price / Book: 11.11

Miscellaneous

• Outstanding Shares: 85,795,000
• Free Float: 66,576,000
• Market Cap: $9.60 billion
• Optionable: Optionable
• Beta: 1.45