Stock ALTR ALTAIR ENGINEERING INC.
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Company Altair Engineering Inc.

Equities

ALTR

US0213691035

IT Services & Consulting

Market Closed - Nasdaq
Other stock markets
 04:00:00 2024-04-26 pm EDT 		5-day change 1st Jan Change
83.58 USD +0.49% Intraday chart for Altair Engineering Inc. +1.53% -0.68%
Apr. 18 Altair Engineering Acquires Cambridge Semantics MT
Apr. 18 Altair Engineering Inc. completed the acquisition of Cambridge Semantics Inc. CI

Business Summary

Altair Engineering Inc. is a computational science and artificial intelligence company. The Company provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics and artificial intelligence (AI). The Company operates through two segments: Software and Client Engineering Services. The Software segment includes software, software services, and software-related services. The software component of this segment includes ITS portfolio of software products, including ITS solvers and optimization technology products, HPC software applications and hardware products, modeling and visualization tools, data analytics and analysis products, Internet of things (IoT) platform and analytics tools as well as support and the complementary software products that offer through its Altair Partner Alliance (APA). The Client Engineering Services segment provides client engineering services to support its customers with long-term, ongoing expertise.

Number of employees: 3,400

Sales per Business

USD in Million2022Weight2023Weight Delta
Software
94.3 %
537 93.9 % 578 94.3 % +7.60%
Client Engineering Services
4.8 %
29 5.0 % 29 4.8 % +2.13%
All Other
0.8 %
6 1.1 % 5 0.8 % -15.74%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
49.3 %
275 48.0 % 302 49.3 % +9.91%
Other Asia Pacific
19.1 %
103 18.0 % 117 19.1 % +13.39%
Other Europe, Middle East and Africa
10.9 %
70 12.2 % 67 10.9 % -4.11%
Germany
7.6 %
51 9.0 % 47 7.6 % -9.52%
Japan
6.4 %
40 7.0 % 40 6.4 % -2.05%
France
3.8 %
19 3.4 % 23 3.8 % +18.93%
Other Americas
2.9 %
13 2.3 % 18 2.9 % +32.53%

Managers

Managers TitleAgeSince
James Scapa CEO
 Chief Executive Officer 67 84-12-31
Matthew Brown DFI
 Director of Finance/CFO 43 20-12-31
Stephanie Buckner COO
 Chief Operating Officer 36 -
Jeff Marraccini CTO
 Chief Tech/Sci/R&D Officer - 96-12-31
Srikanth Mahalingam CTO
 Chief Tech/Sci/R&D Officer 53 93-12-31
David Simon IRO
 Public Communications Contact 60 99-12-31
Michelle Smith HRO
 Human Resources Officer - -
Ravi Kunju PRN
 Corporate Officer/Principal - 22-11-01
Jason Napolitano PRN
 Corporate Officer/Principal - 17-03-31
Brian Gayle AUD
 Comptroller/Controller/Auditor 48 15-02-28

Members of the board

Members of the board TitleAgeSince
Shekar G. Ayyar BRD
 Director/Board Member 60 21-07-15
Stephen P. Earhart BRD
 Director/Board Member 75 11-04-30
James Scapa CEO
 Chief Executive Officer 67 84-12-31
Sandy Carter BRD
 Director/Board Member - 21-12-09
Trace Harris BRD
 Director/Board Member 58 16-07-31
Mary C. Boyce BRD
 Director/Board Member 65 18-04-02
Jim F. Anderson BRD
 Director/Board Member 60 21-06-01

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 10 26,704,000 0 0 67.11 %
Stock B 1 55,785,000 55,360,096 ( 99.24 %) 0

Shareholders

NameEquities%Valuation
Matrix Capital Management Co. LP
21.93 %
12,233,174 21.93 % 1 054 M $
Vanguard Fiduciary Trust Co.
10.33 %
5,761,445 10.33 % 496 M $
BlackRock Advisors LLC
7.293 %
4,068,202 7.293 % 350 M $
Pictet Asset Management Holding SA
5.318 %
2,966,888 5.318 % 256 M $
Conestoga Capital Advisors LLC
4.374 %
2,440,081 4.374 % 210 M $
AllianceBernstein LP
4.038 %
2,252,805 4.038 % 194 M $
Impax Asset Management (AIFM) Ltd.
3.406 %
1,899,850 3.406 % 164 M $
Invesco Advisers, Inc.
3.039 %
1,695,409 3.039 % 146 M $
BAMCO, Inc.
2.842 %
1,585,507 2.842 % 137 M $
STATE STREET CORPORATION
2.207 %
1,231,410 2.207 % 106 M $
NameEquities%Valuation
James Scapa
60.44 %
16,958,792 60.44 % 1 461 M $
George Christ
32.53 %
9,125,782 32.53 % 786 M $

Company contact information

Altair Engineering, Inc.

1820 East Big Beaver Road

48083, Troy

+248 614 2400

http://www.altair.com
address Altair Engineering Inc.(ALTR)

Group companies

NameCategory and Sector
Altair Engineering India Pvt Ltd.
Logo Altair Engineering India Pvt Ltd.

Altair Engineering India Pvt Ltd.

Packaged SoftwareTechnology Services

Altair Engineering India Pvt Ltd. develops engineering software which reduces development times from concept design to in-service operation. The company is headquartered in Bengaluru, India.

Packaged Software

Sector

Technology
Software & IT Services
Software & IT Services
IT Services & Consulting
Other IT Services & Consulting

Sales per Business

Sales per region

Ratings for Altair Engineering Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
83.58 USD
Average target price
93.57 USD
Spread / Average Target
+11.95%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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