Altair Engineering downgraded by JP Morgan with a new price target
$ALTR
Computer Software: Prepackaged Software
Technology
JP Morgan downgraded Altair Engineering from Overweight to Neutral and set a new price target of $95.00
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| 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 |
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).
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
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8-K - Altair Engineering Inc. (0001701732) (Filer)
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.
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
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