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

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

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

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Morgan Stanley analyst Martijn Rats downgraded the rating for BP p.l.c. (NYSE:BP) from Overweight to Equal-Weight, while lowering the price target from $49.9 to $41.5. BP shares gained 0.4% to close at $35.19 on Friday. See how other analysts view this stock. RBC Capital analyst Ashish Sabadra downgraded Cintas Corporation (NASDAQ:CTAS) from Outperform to Sector Perform and announced a price target of $725. Cintas shares rose 0.8% to close at $721.76 on Friday. See how other analysts v

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.