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 Video: What is a Stock Split?
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| Altair Engineering Inc. is a computational science and artificial intelligence company. It provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics and artificial intelligence (AI). It operates through two segments: Software and Client Engineering Services. 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. According to our ALTR split history records, Altair Engineering has had 4 splits. | |
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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.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
11/01/2017 |
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| End date: |
02/18/2025 |
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| Start price/share: |
$18.31 |
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| End price/share: |
$111.13 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
506.94% |
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| Average Annual Total Return: |
28.00% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$60,683.88 |
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| Years: |
7.30 |
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| Date |
Ratio |
| 06/01/1995 | 2 for 1
| | 01/07/1997 | 2 for 1
| | 05/20/1999 | 2 for 1
| | 08/11/2000 | 2 for 1 |
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