Split History
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Altair Engineering delivers software and cloud solutions in simulation, high-performance computing, data analytics, and artificial intelligence. Co.'s Software segment includes: software, which consists of software products including its solvers and optimization technology products, computing software applications and hardware products, modeling and visualization tools, and data analytics and analysis products; and software related services, which consists of consulting and implementation services. Co.'s Client Engineering Services segment provides client engineering services by hiring engineers and data scientists for placement at a customer site for specific customer-directed assignments. According to our ALTR split history records, Altair Engineering has had 4 splits.
ALTR split history picture
Altair Engineering (ALTR) has 4 splits in our ALTR split history database. The first split for ALTR took place on June 01, 1995. This was a 2 for 1 split, meaning for each share of ALTR owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. ALTR's second split took place on January 07, 1997. This was a 2 for 1 split, meaning for each share of ALTR owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. ALTR's third split took place on May 20, 1999. This was a 2 for 1 split, meaning for each share of ALTR owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. ALTR's 4th split took place on August 11, 2000. This was a 2 for 1 split, meaning for each share of ALTR owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split.

When a company such as Altair Engineering splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the ALTR split history from start to finish, an original position size of 1000 shares would have turned into 16000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Altair Engineering shares, starting with a $10,000 purchase of ALTR, presented on a split-history-adjusted basis factoring in the complete ALTR split history. ALTR split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 11/01/2017
End date: 04/18/2024
Start price/share: $18.31
End price/share: $80.77
Dividends collected/share: $0.00
Total return: 341.13%
Average Annual Total Return: 25.80%
Starting investment: $10,000.00
Ending investment: $44,107.30
Years: 6.47
Date Ratio
06/01/19952 for 1
01/07/19972 for 1
05/20/19992 for 1
08/11/20002 for 1
ALTR is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:

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Also explore: ALTR shares outstanding history

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