Altair EngineeringALTR
Market Cap: $8.07B
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 Q2 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]
66% more call options, than puts
Call options by funds: $30.4M | Put options by funds: $18.3M
63% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 59
21% more capital invested
Capital invested by funds: $4.88B [Q1] → $5.9B (+$1.02B) [Q2]
14% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 51
4.12% more ownership
Funds ownership: 101.47% [Q1] → 105.6% (+4.12%) [Q2]
3% more funds holding
Funds holding: 231 [Q1] → 238 (+7) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Goldman Sachs Kash Rangan 60% 1-year accuracy 15 / 25 met price target | 25%downside $71 | Sell Downgraded | 2 Aug 2024 |
Needham Charles Shi 17% 1-year accuracy 7 / 42 met price target | 5%upside $100 | Buy Reiterated | 2 Aug 2024 |
JP Morgan Stephen Tusa 85% 1-year accuracy 11 / 13 met price target | 0%downside $95 | Neutral Downgraded | 15 Jul 2024 |
Financial journalist opinion
Based on 3 articles about ALTR published over the past 30 days