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 |
10-Q - Altair Engineering Inc. (0001701732) (Filer)
8-K - Altair Engineering Inc. (0001701732) (Filer)
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8-K - Altair Engineering Inc. (0001701732) (Filer)
8-K - Altair Engineering Inc. (0001701732) (Filer)
10-Q - Altair Engineering Inc. (0001701732) (Filer)
8-K - Altair Engineering Inc. (0001701732) (Filer)
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DEF 14A - Altair Engineering Inc. (0001701732) (Filer)
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
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Altair's AI-powered engineering technology to drive the development of 100% recycled cast aluminum structures that weigh up to 30% less and feature 95% less embedded carbon emissions TROY, Mich., Sept. 25, 2024 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, has announced its involvement in the £5.8 million Performance Integrated Vehicle Optimization Technology (PIVOT) project, supported by Innovate UK and the Advanced Propulsion Centre (APC). The project aims to revolutionize vehicle manufacturing by creating lighter, more sustainable components, thanks to Altair's cutting-edge artificial intelligence (AI) and simulation capabilities.
TROY, Mich., Sept. 5, 2024 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, is excited to announce that Crown Point Technologies, a company specializing in technology solutions for the government and healthcare sectors, has been named an official reseller for the U.S. and Europe regions. This partnership will focus on bringing the capabilities of the Altair® RapidMiner® data analytics and artificial intelligence (AI) platform to a broader range of clients. Crown Point Technologies brings extensive expertise in the government and healthcare i
Altair® HyperWorks® with Oasys PRIMER Redefine Safety Simulation Modeling TROY, Mich., Aug. 21, 2024 /PRNewswire/ -- Altair (NASDAQ:ALTR) a global leader in computational intelligence, and Oasys, the software house of Arup, a global collective of designers, consultants and experts dedicated to sustainable development, announced a joint development agreement to deliver an integrated solution for safety simulation modeling in the automotive market. This solution will provide customers with a seamless workflow between Altair® HyperWorks®, a world-class design and simulation plat
TROY, Mich., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today responded to a statement from Matrix Capital Management. "In response to today's announcement from Matrix Capital Management, we appreciate its strong support over the years and its decision to maintain its full position in Altair, recognizing our long-term strategic value," said James R. Scapa, founder, chairman, and chief executive officer, Altair. About Altair Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics and AI. Altair enables organizations across
CoE will cater to customers across mobility, high-tech, and sustainability segments TROY, Mich., and BANGALORE, India, Aug. 7, 2024 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, and L&T Technology Services (BSE: 540115, NSE: LTTS), a global digital engineering and R&D services company, jointly announced the establishment of a digital twin center of excellence (CoE) to accelerate digital transformation. The CoE will deliver cutting-edge digital twin capabilities to joint customers worldwide across mobility, high-tech, and sustainability segments, enabling premier digital twin solutions for enhanced innovation and efficiency.
DuPont, BMW M GmbH, Dow Inc., Toyota, General Motors, and others creating sustainable, lightweight future TROY, Mich., Aug. 6, 2024 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, has named the winners of the 2024 Altair Enlighten Award. Presented in association with the Center for Automotive Research (CAR), the award honors the greatest sustainability and lightweighting advancements that successfully reduce carbon footprint, mitigate water and energy consumption, and leverage material reuse and recycling efforts. Throughout its 12-year his
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
Complex fatigue analysis reduced development time for vehicle infotainment components by more than 20% TROY, Mich., July 31, 2024 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, and LG Electronics Vehicle component Solutions Company (LG VS Company) have collaborated to develop analysis solutions aimed at extending product lifespans. LG Electronics reduced the development time for their vehicle infotainment components by over 20% with the help of Altair® OptiStruct® – an optimization-enabled structural analysis software and key product in the Altair® HyperWorks® design and simulation platform.
Luca Sutton of the TUfast Eco Team slashed 41% of weight from Shell Eco-marathon vehicle suspension with Altair® Inspire™ TROY, Mich., July 25, 2024 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, is thrilled to announce Luca Sutton, a member of the TUfast Eco Team, as the grand prize winner of the 2023-2024 Altair Global Student Contest. Sutton earned the contest's $7,500 grand prize by using Altair® Inspire™ to slash his team's Shell Eco-marathon vehicle suspension weight by 41%. In Sutton's winning entry, he used Inspire to develop accur
University to use the Altair® HyperWorks® and Altair® RapidMiner® platforms in groundbreaking electric propulsion digital twin project TROY, Mich., July 23, 2024 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, has signed a memorandum of understanding (MoU) with the U.K.-based University of Nottingham for a digital twin project within the aerospace sector. The digital twin—set to be the first of its kind—will not merely be a technology demonstrator, but a fully-fledged solution the industry can use to rapidly design, validate, and test the electric propulsion systems of new aircraft or advanced air mobility (AAM) vehicles and/or to evaluate the retrofit of
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
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
TROY, Mich., Feb. 22, 2024 (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, 2023. "Altair finished 2023 with a strong fourth quarter, notching record-high revenue and profit for the quarter and full-year," said James R. Scapa, founder, chairman and chief executive officer of Altair. "We are seeing strong momentum across a number of verticals, where computational intelligence is becoming increasingly important. We are excited about our recent and upcoming product releases and believe that our investments in engineering AI are positioning us as a leader in t
TROY, Mich., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the fourth quarter and fiscal year ended December 31, 2023, after the market close on Thursday, February 22, 2024. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's fourth quarter and full year 2023 results and 2024 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:Altair's Fourth Quarter and Full Year 2023 Financial Results Conference CallWhen:Thursday, February 22, 2024Time:
TROY, Mich., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, today released its financial results for the third quarter and nine months ended September 30, 2023. "The third quarter of 2023 was excellent for Altair, with software product revenue and total revenue again above the high end of guidance," said James Scapa, founder, chairman and chief executive officer of Altair. "Our Q3 performance demonstrates the power and veracity of our vision for the convergence of computational science and AI across industries and verticals including engineering, scientific discovery, and business." "Fiscal 2023 continues to p
TROY, Mich., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the third quarter ended September 30, 2023, after the market close on Thursday, November 2, 2023. 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 2023 results and fourth quarter and full year 2023 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:When:Time:Webcast:Altair's Third Quarter 2023 Financial Results Conference CallThursday, November 2, 20235 p.m. ETh
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Ratings for Altair Engineering (NASDAQ:ALTR) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 2 0 0 In the assessment of 12-month price targets, analysts unveil insights for Altair Engineering, presenting an average target of $92.75, a high estimate of $100.00, and a low estimate of $88.00. This curre
JP Morgan analyst Stephen Tusa downgrades Altair Engineering (NASDAQ:ALTR) from Overweight to Neutral and announces $95 price target.
Altair's EDA solutions enable verification from semiconductor design to production in one place, addressing various design requirements Through this collaboration, Altair and Samsung Electronics will combine Altair's comprehensive EDA technology with Samsung Foundry's manufacturing capabilities to establish a more innovative, more efficient semiconductor design and production process.
Metrics is a Canadian company with a game changing simulation as a service (SaaS) business model for semiconductor electronic functional simulation and design verification.
HP will provide Altair with proprietary material information that will bolster the Altair Material Data Center, which enables designers, engineers, and scientists to browse, search, and compare materials in a standalone application or through the interface of their simulation and optimization tools.
Altair (NASDAQ:ALTR), a global leader in computational intelligence, was added to the S&P MidCap 400 by S&P Dow Jones Indices effective prior to the open of trading on Monday, June 24. "Being added to the S&P 400 represents a significant milestone in Altair's journey as a public company," said James R. Scapa, founder and chief executive officer, Altair. "It is a testament to our strong and steady growth and our demonstrated leadership in simulation and design, data analytics and AI, and high-performance computing." The S&P 400 serves as a benchmark for mid-sized companies. The index is designed to measure the performance of 400 mid-sized companies, reflecting the distinctive risk and retu
Rosenblatt analyst Blair Abernethy maintains Altair Engineering (NASDAQ:ALTR) with a Neutral and maintains $88 price target.
Needham analyst Charles Shi reiterates Altair Engineering (NASDAQ:ALTR) with a Buy and maintains $100 price target.