Altair EngineeringALTR
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
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
110% more call options, than puts
Call options by funds: $41.1M | Put options by funds: $19.6M
38% more repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 73
38% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 24
4% more funds holding
Funds holding: 238 [Q2] → 247 (+9) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
3% less capital invested
Capital invested by funds: $5.97B [Q2] → $5.78B (-$195M) [Q3]
5.14% less ownership
Funds ownership: 106.93% [Q2] → 101.79% (-5.14%) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
RBC Capital Matthew Hedberg 70% 1-year accuracy 147 / 209 met price target | 4%upside $113 | Sector Perform Maintained | 31 Oct 2024 |
Needham Charles Shi 31% 1-year accuracy 24 / 78 met price target | 8%downside $100 | Hold Downgraded | 31 Oct 2024 |
Rosenblatt Blair Abernethy 56% 1-year accuracy 29 / 52 met price target | 4%upside $113 | Neutral Maintained | 31 Oct 2024 |
Loop Capital Mark Schappel 79% 1-year accuracy 22 / 28 met price target | 4%upside $113 | Hold Downgraded | 31 Oct 2024 |
Financial journalist opinion
Based on 7 articles about ALTR published over the past 30 days
