Dynamic Advisors Solutions LLC decreased its position in Align Technology, Inc. (NASDAQ:ALGN) by 28.2% during the fourth quarter, HoldingsChannel reports. The firm owned 2,330 shares of the medical equipment provider’s stock after selling 915 shares during the quarter. Dynamic Advisors Solutions LLC’s holdings in Align Technology were worth $518,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Norinchukin Bank The boosted its stake in Align Technology by 7.5% in the 4th quarter. Norinchukin Bank The now owns 5,769 shares of the medical equipment provider’s stock worth $1,282,000 after purchasing an additional 400 shares in the last quarter. ARP Americas LP bought a new position in Align Technology during the 4th quarter valued at about $1,013,000. Ontario Teachers Pension Plan Board lifted its stake in Align Technology by 31.9% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 6,018 shares of the medical equipment provider’s stock valued at $1,337,000 after acquiring an additional 1,457 shares during the period. American International Group Inc. lifted its stake in Align Technology by 54.6% during the 4th quarter. American International Group Inc. now owns 33,258 shares of the medical equipment provider’s stock valued at $7,390,000 after acquiring an additional 11,751 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Align Technology by 5.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 719,411 shares of the medical equipment provider’s stock valued at $159,846,000 after acquiring an additional 37,900 shares during the period. Institutional investors own 80.72% of the company’s stock.
Several equities analysts have issued reports on the stock. Piper Jaffray Companies restated a “buy” rating and set a $300.00 target price on shares of Align Technology in a research note on Wednesday, January 31st. Credit Suisse Group upped their target price on shares of Align Technology from $276.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Stifel Nicolaus upped their target price on shares of Align Technology from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, November 21st. BidaskClub cut shares of Align Technology from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 31st. Finally, Zacks Investment Research cut shares of Align Technology from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Align Technology presently has an average rating of “Buy” and an average target price of $258.54.
Shares of Align Technology, Inc. (ALGN) opened at $251.50 on Tuesday. Align Technology, Inc. has a 52-week low of $99.60 and a 52-week high of $287.32. The company has a market cap of $20,164.69, a PE ratio of 88.56, a PEG ratio of 1.92 and a beta of 1.48.
Align Technology (NASDAQ:ALGN) last released its quarterly earnings results on Tuesday, January 30th. The medical equipment provider reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.23. Align Technology had a net margin of 15.71% and a return on equity of 28.55%. The firm had revenue of $421.30 million during the quarter, compared to analyst estimates of $395.88 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The business’s revenue for the quarter was up 43.7% compared to the same quarter last year. analysts predict that Align Technology, Inc. will post 4.49 earnings per share for the current year.
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Align Technology Company 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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