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. provides software and services in engineering, design, simulation, data analytics, high-performance computing, and artificial intelligence, supporting product development and digital transformation.
Market Cap
$9.6B
Pitch Price
$98.04
Price Target
N/A
Dividend
N/A
EV/EBITDA
125.04
P/E
699.06
EV/Sales
13.96
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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