Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. The company operates through two segments, Software and Client Engineering Services. Its software segment includes solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and IoT platform and analytics tools, as well as support and complementary software products. This segment also provides software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in marine, motorcycle, aerospace, chemical, and architecture industries; and software-related services, such as consulting, implementation, and training services focused on product design and development expertise and analysis from the component level up to complete product engineering at various stage of the lifecycle. The Client Engineering Services segment offers client engineering services. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. Altair Engineering Inc. was founded in 1985 and is headquartered in Troy, Michigan.
IPO Year: 2017
Exchange: NASDAQ
Website: altair.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/2/2024 | $85.00 → $71.00 | Neutral → Sell | Goldman |
| 7/15/2024 | $95.00 | Overweight → Neutral | JP Morgan |
| 2/23/2024 | $74.00 → $88.00 | Buy → Neutral | Rosenblatt |
| 12/22/2023 | $86.00 | Overweight | JP Morgan |
| 5/5/2023 | $44.00 → $67.00 | Sell → Neutral | Goldman |
| 11/16/2022 | $60.00 | Buy | Needham |
| 8/17/2022 | $70.00 | Outperform | Wolfe Research |
| 7/27/2022 | $60.00 | Outperform | Oppenheimer |
| 6/27/2022 | $62.00 → $41.00 | Neutral → Sell | Goldman |
| 3/7/2022 | $78.00 → $67.00 | Neutral | Goldman Sachs |
NEW YORK, March 26, 2025 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400, and S&P SmallCap 600: Cava Group Inc. (NYSE:CAVA) will replace Altair Engineering Inc. (NASD: ALTR) in the S&P MidCap 400 effective prior to the opening of trading on Monday, March 31. Siemens AG (XETR: SIE) acquired Altair Engineering in a deal completed today.Angi Inc. (NASD: ANGI) will replace The ODP Corp. (NASD: ODP) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, April 2. S&P SmallCap 600 constituent IAC Inc. (NASD: IAC) is spinning off its ownership interest in ANGI in a transaction expected to be completed on Tuesday, April 1. Post spi
Altair's technology and JetZero's unique blended wing airplane unite to reshape the future of aviation TROY, Mich., March 20, 2025 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, and JetZero, a company dedicated to developing the world's first commercial blended wing airplane, have joined forces to drive next-generation aerospace innovation. The blended-wing airplane promises to deliver greater fuel efficiency, more expansive range, and a lighter, more aerodynamic design than conventional airliners. Through the design of the airplane alone, JetZero estimates up to 50% reduced fuel consumption and associated emissions. JetZero is utilizing Altair® FlightSt
Altair, supported by NVIDIA technology, will further drive innovation in simulation-driven design, AI-powered engineering, and computational intelligence TROY, Mich., March 19, 2025 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, has announced a technical integration between the NVIDIA Omniverse Blueprint for Real Time Digital Twins and the Altair One® cloud innovation gateway. The integration takes advantage of GPU acceleration, NVIDIA NIM microservices, and NVIDIA Omniverse technologies to give customers an unparalleled ability to visualize, build, edit, and interact with complex simulations and digital twins in a shared turnkey environment. More broadl
Altair technology to fuel innovation and the future of aerospace TROY, Mich., Feb. 25, 2025 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, has been selected to join the Piedmont Aerospace Cluster. As a member, Altair will contribute to several of the Cluster's innovative projects and strategic initiatives. In aerospace, supply chains play a crucial role, as optimizing them requires companies with deep knowledge of the processes and methods of a highly regulated, quality-driven industry. As one of the world's leading providers of technologi
TROY, Mich., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today released its financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Software revenue was $179.4 million compared to $155.9 million for the fourth quarter of 2023, an increase of 15.0% in reported currency and 16.5% in constant currencyTotal revenue was $192.6 million compared to $171.5 million for the fourth quarter of 2023, an increase of 12.3% in reported currency and 13.8% in constant currencyNet income was $1.0 million compared to $19.7 million for the fourth quarter of 2023, a decrease in earn
New capabilities and enhancements make a zero-prototype world possible TROY, Mich., Feb. 19, 2025 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, is thrilled to announce the release of Altair® HyperWorks® 2025, a best-in-class design and simulation platform for solving the world's most complex engineering challenges. At the forefront of this release is a bold vision of the future of product development: a zero-prototype world, where design is perfected in the virtual domain before reaching the physical world. By combining the power of artificial intelligence (AI), high-performance computing (HPC), and multiphysics simulation with cloud-based scalability
CoE to provide leading 5G-6G capabilities for clients in telecommunications, smart factories, connected vehicles, and healthcare TROY, Mich., Feb. 13, 2025 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, and L&T Technology Services (BSE: 540115, NSE: LTTS), a global leader in digital engineering and R&D services, announced the launch of a groundbreaking 5G-6G Wireless Center of Excellence (CoE). The CoE will combine Altair's best-in-class design and simulation tools with LTTS's domain expertise to harness the potential of 5G and 6G networks
Virtual event will bring together thought leaders, industry experts, and visionaries to explore how technology is transforming the ways we live, work, and beyond TROY, Mich., Feb. 12, 2025 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, is pleased to announce Future.Industry 2025, the company's flagship annual event, which will take place virtually on March 5-6. Attendees will hear from premier organizations such as NVIDIA, Microsoft, AMD, the University of Nottingham, Accenture, and more, along with Altair experts and executives as they discuss today's biggest trends in simulation, high-performance computing (HPC), artificial intelligence (AI), data anal
Meridian to utilize Altair software and services to enhance development of Corra UAV and HERMES projects TROY, Mich., Feb. 6, 2025 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, is thrilled to welcome Meridian Flight Systems to the Altair Aerospace Startup Acceleration Program (ASAP). Within ASAP, Meridian will utilize Altair's next-generation simulation, data analytics, and high-performance computing (HPC) software and technical support to enhance the development of the Corra unmanned aerial vehicle (UAV) and its Hybrid Electric Range-Extending Microturbine Energy System (HERMES).
Enhancements and new capabilities further bolster the market's leading HPC and cloud platform TROY, Mich., Feb. 5, 2025 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, announced game-changing new upgrades to Altair® HPCWorks®, its high-performance computing (HPC) and cloud platform. New tools and capabilities expand cloud scaling for Altair and third-party workload managers, integrate advanced monitoring and reporting, and beyond – including enhanced artificial intelligence (AI)-enabled job scheduling and visualization with support for GPUs, Kubernetes, and machine learning workflows.
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TROY, Mich., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today released its financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Software revenue was $179.4 million compared to $155.9 million for the fourth quarter of 2023, an increase of 15.0% in reported currency and 16.5% in constant currencyTotal revenue was $192.6 million compared to $171.5 million for the fourth quarter of 2023, an increase of 12.3% in reported currency and 13.8% in constant currencyNet income was $1.0 million compared to $19.7 million for the fourth quarter of 2023, a decrease in earn
TROY, Mich., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), today released its financial results for the third quarter and nine months ended September 30, 2024. Immediately prior to the dissemination of this press release, Altair issued a press release announcing that it has entered into a merger agreement with a subsidiary of Siemens pursuant to which Altair will be acquired and stockholders of Altair will receive cash merger consideration as more fully described in that press release. Third Quarter 2024 Financial Results Software revenue was $138.7 million compared to $119.1 million for the third quarter of 2023, an increase of 16.5% in reported currency an
TROY, Mich., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today announced that it has entered into a definitive agreement to be acquired by Siemens, a leading technology company focused on industry, infrastructure, mobility, and healthcare. Altair stockholders will receive $113.00 per share in cash, representing an equity value of approximately $10.6 billion. The $113.00 per share cash consideration represents a 19% premium to the closing price of Altair common stock on October 21, 2024, the last trading day prior to media speculation regarding a potential transaction, and a 13% premium to Altair's unaffected all-time high closing
TROY, Mich., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, will release its financial results for the third quarter ended September 30, 2024 after the market close on Wednesday, October 30, 2024. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's third quarter 2024 results and fourth quarter and full year 2024 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:Altair's Third Quarter 2024 Financial Results Conference CallWhen:Wednesday, October 30, 2024Time:5 p.m. ETWebcast:http://investor.altair.
TROY, Mich., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today released its financial results for the second quarter and six months ended June 30, 2024. "Altair maintained its strong trajectory during the second quarter, with software revenue and total revenue above the high end of guidance," said James R. Scapa, founder, chairman, and chief executive officer, Altair. "Our Q2 results underscore the robustness of our software product lineup, which continues to empower customers with industry-leading computational intelligence." "We are pleased with our execution in the second quarter and first half of the year," said Matt Brown, c
TROY, Mich., July 18, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, will release its financial results for the second quarter ended June 30, 2024, after the market close on Thursday, August 1, 2024. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's second quarter 2024 results and third quarter and full year 2024 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:Altair's Second Quarter 2024 Financial Results Conference CallWhen:Thursday, August 1, 2024Time:5 p.m. ETWebcast:http://investor.altair.com (liv
TROY, Mich., May 02, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today released its financial results for the first quarter ended March 31, 2024. "Altair continued its positive momentum into the start of 2024, with record-high quarterly software revenue and total revenue," said James R. Scapa, founder, chairman, and chief executive officer, Altair. "The first quarter exceeded our expectations and demonstrates the strength of our product portfolio in bringing computational intelligence to our customers." "The start of this year has been marked by strong execution, setting new records in software revenue and total revenue in the first quart
Flagship solution, FlightStream®, pushes the boundaries of modern computational techniques TROY, Mich., May 1, 2024 /PRNewswire/ -- Altair (NASDAQ:ALTR) a global leader in computational intelligence, announced it has acquired Research in Flight, maker of FlightStream®, which provides computational fluid dynamics (CFD) software with a large footprint in the aerospace and defense sector and a growing presence in marine, energy, turbomachinery, and automotive applications. FlightStream® is a user-friendly, yet powerful flow solver that bridges the gap between high-fidelity CFD si
TROY, Mich., April 18, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, will release its financial results for the first quarter ended March 31, 2024, after the market close on Thursday, May 2, 2024. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's first quarter 2024 results and second quarter and full year 2024 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:Altair's First Quarter 2024 Financial Results Conference CallWhen:Thursday, May 2, 2024Time:5 p.m. ETWebcast:http://investor.altair.com (live and r
Acquisition expands Altair's data analytics and AI offerings TROY, Mich., April 18, 2024 /PRNewswire/ -- Altair (NASDAQ:ALTR) a global leader in computational intelligence, acquired Cambridge Semantics, a modern data fabric provider and creator of one of the industry's leading analytical graph databases. Cambridge Semantics' graph-powered data fabric technology accelerates the creation of comprehensive enterprise knowledge graphs, integrating the complex web of structured and unstructured enterprise data together into a single, simplified view. Bringing together Cambridge Sema
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NEW YORK, March 26, 2025 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400, and S&P SmallCap 600: Cava Group Inc. (NYSE:CAVA) will replace Altair Engineering Inc. (NASD: ALTR) in the S&P MidCap 400 effective prior to the opening of trading on Monday, March 31. Siemens AG (XETR: SIE) acquired Altair Engineering in a deal completed today.Angi Inc. (NASD: ANGI) will replace The ODP Corp. (NASD: ODP) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, April 2. S&P SmallCap 600 constituent IAC Inc. (NASD: IAC) is spinning off its ownership interest in ANGI in a transaction expected to be completed on Tuesday, April 1. Post spi
Altair technology to fuel innovation and the future of aerospace TROY, Mich., Feb. 25, 2025 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, has been selected to join the Piedmont Aerospace Cluster. As a member, Altair will contribute to several of the Cluster's innovative projects and strategic initiatives. In aerospace, supply chains play a crucial role, as optimizing them requires companies with deep knowledge of the processes and methods of a highly regulated, quality-driven industry. As one of the world's leading providers of technologi
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
TROY, Mich., Nov. 2, 2022 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence (AI), announced that Ravi Kunju has been named Altair's chief product and strategy officer. In this role, Kunju will be responsible for the strategy and vision of Altair products, which includes facilitating the development, sales, pricing, and marketing of Altair's solutions for industry verticals and business lines. "For nearly 25 years, Ravi has been an indispensable member in so many areas of our organization, and I am certain that he will co
Goldman downgraded Altair Engineering from Neutral to Sell and set a new price target of $71.00 from $85.00 previously
JP Morgan downgraded Altair Engineering from Overweight to Neutral and set a new price target of $95.00
Rosenblatt downgraded Altair Engineering from Buy to Neutral and set a new price target of $88.00 from $74.00 previously
JP Morgan initiated coverage of Altair Engineering with a rating of Overweight and set a new price target of $86.00
Goldman upgraded Altair Engineering from Sell to Neutral and set a new price target of $67.00 from $44.00 previously
Needham initiated coverage of Altair Engineering with a rating of Buy and set a new price target of $60.00
Wolfe Research initiated coverage of Altair Engineering with a rating of Outperform and set a new price target of $70.00
Oppenheimer initiated coverage of Altair Engineering with a rating of Outperform and set a new price target of $60.00
Goldman downgraded Altair Engineering from Neutral to Sell and set a new price target of $41.00 from $62.00 previously
Goldman Sachs reiterated coverage of Altair Engineering with a rating of Neutral and set a new price target of $67.00 from $78.00 previously