Blair William & Co. IL Has $68.71 Million Position in Align Technology, Inc. (NASDAQ:ALGN)


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Blair William & Co. IL increased its holdings in shares of Align Technology, Inc. (NASDAQ:ALGN) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,585 shares of the medical equipment provider’s stock after buying an additional 4,280 shares during the period. Blair William & Co. IL owned about 0.16% of Align Technology worth $68,713,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Wells Fargo & Company MN boosted its position in Align Technology by 4.6% during the 3rd quarter. Wells Fargo & Company MN now owns 980,332 shares of the medical equipment provider’s stock worth $320,921,000 after buying an additional 43,305 shares during the period. Harding Loevner LP boosted its position in Align Technology by 2.2% during the 3rd quarter. Harding Loevner LP now owns 654,337 shares of the medical equipment provider’s stock worth $214,204,000 after buying an additional 14,059 shares during the period. Champlain Investment Partners LLC boosted its position in Align Technology by 0.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 532,291 shares of the medical equipment provider’s stock worth $174,251,000 after buying an additional 4,295 shares during the period. Victory Capital Management Inc. raised its holdings in Align Technology by 88.3% during the 3rd quarter. Victory Capital Management Inc. now owns 455,194 shares of the medical equipment provider’s stock worth $149,012,000 after purchasing an additional 213,457 shares during the last quarter. Finally, TCW Group Inc. raised its holdings in Align Technology by 22.5% during the 4th quarter. TCW Group Inc. now owns 432,156 shares of the medical equipment provider’s stock worth $230,936,000 after purchasing an additional 79,242 shares during the last quarter. Institutional investors and hedge funds own 85.84% of the company’s stock.

Several research firms have issued reports on ALGN. Credit Suisse Group raised their price target on shares of Align Technology from $618.00 to $630.00 and gave the stock an “outperform” rating in a report on Thursday, February 4th. Robert W. Baird raised their price target on shares of Align Technology from $450.00 to $530.00 and gave the stock an “outperform” rating in a report on Tuesday, November 24th. Zacks Investment Research downgraded shares of Align Technology from a “buy” rating to a “sell” rating and set a $563.00 price target for the company. in a research report on Wednesday, December 23rd. The Goldman Sachs Group lifted their price target on shares of Align Technology from $472.00 to $535.00 and gave the company a “buy” rating in a research report on Tuesday, November 24th. Finally, Piper Sandler lifted their price target on shares of Align Technology from $525.00 to $610.00 and gave the company an “overweight” rating in a research report on Tuesday, February 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $481.71.

In other Align Technology news, Director Andrea Lynn Saia sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, November 27th. The stock was sold at an average price of $470.92, for a total value of $1,177,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George J. Morrow sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 8th. The stock was sold at an average price of $624.60, for a total value of $9,369,000.00. Following the completion of the sale, the director now directly owns 26,680 shares of the company’s stock, valued at approximately $16,664,328. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,000 shares of company stock valued at $13,886,765. 1.20% of the stock is owned by insiders.

Shares of NASDAQ:ALGN opened at $579.54 on Tuesday. Align Technology, Inc. has a fifty-two week low of $127.88 and a fifty-two week high of $634.46. The company’s 50-day moving average is $569.55 and its 200 day moving average is $443.08. The company has a market capitalization of $45.70 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 4.07 and a beta of 1.68.

Align Technology (NASDAQ:ALGN) last issued its earnings results on Tuesday, February 2nd. The medical equipment provider reported $2.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.14 by $0.47. The business had revenue of $834.50 million during the quarter, compared to analyst estimates of $793.56 million. Align Technology had a return on equity of 68.99% and a net margin of 76.00%. Align Technology’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.53 earnings per share. As a group, analysts predict that Align Technology, Inc. will post 3.34 EPS for the current year.

Align Technology Profile

Align Technology, Inc, a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. It operates in two segments, Clear Aligner; and Scanners and Services.

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Institutional Ownership by Quarter for Align Technology (NASDAQ:ALGN)

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