HPM Partners LLC raised its holdings in Align Technology (NASDAQ:ALGN) by 19.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,533 shares of the medical equipment provider’s stock after purchasing an additional 247 shares during the quarter. HPM Partners LLC’s holdings in Align Technology were worth $341,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of ALGN. USA Mutuals Advisors Inc. acquired a new position in shares of Align Technology during the 4th quarter worth about $101,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Align Technology by 166.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the medical equipment provider’s stock valued at $112,000 after acquiring an additional 315 shares during the last quarter. Cobblestone Capital Advisors LLC NY acquired a new stake in shares of Align Technology during the 4th quarter worth approximately $200,000. Meritage Portfolio Management acquired a new stake in shares of Align Technology during the 4th quarter worth approximately $201,000. Finally, K.J. Harrison & Partners Inc acquired a new stake in shares of Align Technology during the 4th quarter worth approximately $222,000. 80.54% of the stock is currently owned by institutional investors.
Shares of NASDAQ:ALGN opened at $245.23 on Friday. The stock has a market capitalization of $19,948.06, a PE ratio of 63.04, a PEG ratio of 1.88 and a beta of 1.47. Align Technology has a fifty-two week low of $113.40 and a fifty-two week high of $287.32.
Align Technology (NASDAQ:ALGN) last released its quarterly earnings data on Tuesday, January 30th. The medical equipment provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $395.88 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The firm’s revenue was up 43.7% on a year-over-year basis. sell-side analysts expect that Align Technology will post 4.52 EPS for the current year.
A number of brokerages have recently issued reports on ALGN. Zacks Investment Research upgraded shares of Align Technology from a “hold” rating to a “buy” rating and set a $272.00 price target for the company in a report on Wednesday. Vetr raised shares of Align Technology from a “buy” rating to a “strong-buy” rating and set a $302.42 price objective for the company in a research report on Monday, March 26th. BidaskClub raised shares of Align Technology from a “hold” rating to a “buy” rating in a research report on Saturday, March 10th. Barclays started coverage on shares of Align Technology in a research report on Thursday, March 8th. They issued an “overweight” rating and a $290.00 price target for the company. Finally, ValuEngine raised shares of Align Technology from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Align Technology has an average rating of “Buy” and an average price target of $260.49.
In other Align Technology news, VP Emory Wright sold 45,780 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $260.08, for a total value of $11,906,462.40. Following the sale, the vice president now owns 29,957 shares of the company’s stock, valued at $7,791,216.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Hogan acquired 1,500 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average cost of $233.63 per share, with a total value of $350,445.00. Following the transaction, the insider now owns 42,984 shares of the company’s stock, valued at $10,042,351.92. The disclosure for this purchase can be found here. 1.60% of the stock is owned by corporate insiders.
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Align Technology Profile
Align Technology, Inc designs, manufactures, and markets a system of clear aligner therapy, intraoral scanners, and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services. The company's Clear Aligner segment offers Invisalign Full, a treatment used for a range of malocclusion; Invisalign Teen treatment that addresses orthodontic needs of teenage patients, such as compliance indicators, compensation for tooth eruption, and six free single arch replacement aligners; and Invisalign Assist treatment for anterior alignment and aesthetically-oriented cases.
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