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: 3,300
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
200% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 6 (+4) [Q4]
114% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 42
18% more funds holding
Funds holding: 247 [Q3] → 291 (+44) [Q4]
0% more capital invested
Capital invested by funds: $5.79B [Q3] → $5.81B (+$23.1M) [Q4]
13.4% less ownership
Funds ownership: 102.02% [Q3] → 88.62% (-13.4%) [Q4]
21% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 96
57% less call options, than puts
Call options by funds: $19.3M | Put options by funds: $44.9M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Rosenblatt Blair Abernethy 49% 1-year accuracy 28 / 57 met price target | 1%upside $113 | Neutral Maintained | 24 Feb 2025 |
Financial journalist opinion
Based on 10 articles about ALTR published over the past 30 days
