Altair Engineering Inc. (ALTR)

Altair Engineering, Inc. engages in the provision of software and cloud solutions for product design & development, high performance cloud computing, and data intelligence. It operates through the following segments: Software and Client Engineering Services. The Software segment includes a portfolio of software products, as well as solvers and optimization technology products, modelling and visualization tools. The Client Engineering Services segment engages in the provision of client engineering services to support customers with long-term, ongoing product design and development expertise. The company was founded by James Ralph Scapa in 1985 and is headquartered in Troy, MI.

Address

1820 E. BIG BEAVER ROAD
TROY, MI 48083

Founded

1985

Number of Employees

3,200

Website

http://www.altair.com

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)		 - - - - - - - - $21,655 $4,256 - $12,955
Average Price - - - - - - - - $46.98 $46.63 - $46.92
# Shares Purchased - - - - - - - - 460,950 91,273 - 276,112
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date - - - - - - - - 87.3% 88.7% - 87.5%
S&P 500 Return to Date - - - - - - - - 37.3% 31.3% - 34.3%
Excess Total Return - - - - - - - - 50.0% 57.4% - 53.2%
Quartile Rank
Percentile Rank - - - - - - - - 90% 94% - 82%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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