Professional
Added to YB: 2024-08-22
Pitch date: 2024-06-30
ALTR [bullish]
Altair Engineering Inc.
+14.09%
current return
Author Info
No bio for this author
Company Info
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation and design, high-performance computing, data analytics, and artificial intelligence in the United States and internationally.
Market Cap
$9.4B
Pitch Price
$98.04
Price Target
N/A
Dividend
N/A
EV/EBITDA
108.67
P/E
288.90
EV/Sales
14.25
Sector
Software
Category
growth
Baron Growth Fund Portfolio Holding: Altair Engineering Inc.
ALTR: CAD simulation leader beats Q4, sees improving demand. Go-to-market changes (partners, sales, pricing, cross-selling) to boost growth. Potential ANSYS acquisition could increase investor interest. Benefiting from product complexity trends, expanding user base. Strong outlook despite mixed macro environment.
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