Teachers Advisors LLC grew its holdings in shares of Align Technology, Inc. (NASDAQ:ALGN) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,393 shares of the medical equipment provider’s stock after buying an additional 14,639 shares during the period. Teachers Advisors LLC owned 0.17% of Align Technology worth $29,416,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. HBK Investments L P purchased a new position in shares of Align Technology during the fourth quarter valued at approximately $2,777,000. Two Sigma Advisers LP boosted its position in shares of Align Technology by 493.8% during the fourth quarter. Two Sigma Advisers LP now owns 110,630 shares of the medical equipment provider’s stock valued at $24,581,000 after purchasing an additional 92,000 shares in the last quarter. Premia Global Advisors LLC bought a new stake in shares of Align Technology during the fourth quarter valued at approximately $247,000. HPM Partners LLC boosted its position in shares of Align Technology by 19.2% during the fourth quarter. HPM Partners LLC now owns 1,533 shares of the medical equipment provider’s stock valued at $341,000 after purchasing an additional 247 shares in the last quarter. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of Align Technology during the fourth quarter valued at approximately $2,479,000. 80.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Align Technology, Inc. (ALGN) opened at $260.13 on Friday. Align Technology, Inc. has a 1-year low of $111.35 and a 1-year high of $287.32. The company has a market capitalization of $21,647.73, a price-to-earnings ratio of 91.60, a price-to-earnings-growth ratio of 2.04 and a beta of 1.44.
Align Technology (NASDAQ:ALGN) last released its earnings results on Tuesday, January 30th. The medical equipment provider reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.23. Align Technology had a return on equity of 28.55% and a net margin of 15.71%. The business had revenue of $421.30 million for the quarter, compared to the consensus estimate of $395.88 million. During the same period in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 43.7% compared to the same quarter last year. equities analysts anticipate that Align Technology, Inc. will post 4.52 EPS for the current fiscal year.
In related news, insider Joseph M. Hogan bought 1,500 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were acquired at an average cost of $233.63 per share, with a total value of $350,445.00. Following the completion of the acquisition, the insider now owns 42,984 shares of the company’s stock, valued at approximately $10,042,351.92. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Emory Wright sold 45,780 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $260.08, for a total value of $11,906,462.40. Following the completion of the sale, the vice president now directly owns 29,957 shares in the company, valued at $7,791,216.56. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
Several research firms recently weighed in on ALGN. Vetr upgraded Align Technology from a “buy” rating to a “strong-buy” rating and set a $302.42 price target on the stock in a research report on Monday. BidaskClub upgraded Align Technology from a “hold” rating to a “buy” rating in a research report on Saturday, March 10th. Barclays began coverage on Align Technology in a research report on Thursday, March 8th. They set an “overweight” rating and a $290.00 price target on the stock. ValuEngine upgraded Align Technology from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research lowered Align Technology from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $263.56.
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Align Technology Profile
Align Technology, Inc designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design/computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics and dental records storage. The Company operates through two segments: Clear Aligner segment and Scanner and Services (Scanner) segment.
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