ALTR stock icon

Altair Engineering
ALTR

$100.25
0.99%
 

About: Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majority of its revenue comes from the software segment.

Employees: 3,200

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 9 analysts
0
News positive %
of 11 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

159% more call options, than puts

Call options by funds: $21M | Put options by funds: $8.11M

61% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 23

7% more funds holding

Funds holding: 215 [Q4 2023] → 229 (+14) [Q1 2024]

9% more repeat investments, than reductions

Existing positions increased: 84 | Existing positions reduced: 77

4% more capital invested

Capital invested by funds: $4.62B [Q4 2023] → $4.81B (+$188M) [Q1 2024]

0.44% less ownership

Funds ownership: 100.47% [Q4 2023] → 100.03% (-0.44%) [Q1 2024]

67% less funds holding in top 10

Funds holding in top 10: 3 [Q4 2023] → 1 (-2) [Q1 2024]

Research analyst outlook

9 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$88
12%
downside
Avg. target
$93
7%
downside
High target
$100
0%
upside

9 analyst ratings

positive
44%
neutral
56%
negative
0%
Rosenblatt
Blair Abernethy
12%downside
$88
Neutral
Maintained
3 May 2024
Needham
Charles Shi
0%downside
$100
Buy
Reiterated
3 May 2024
Rosenblatt
Blair Abernethy
12%downside
$88
Neutral
Maintained
29 Apr 2024
JP Morgan
Stephen Tusa
5%downside
$95
Overweight
Maintained
26 Mar 2024
Needham
Charles Shi
0%downside
$100
Buy
Reiterated
25 Mar 2024

Financial journalist opinion

Based on 11 articles about ALTR published over the past 30 days