California State Teachers Retirement Method lessened its holdings in shares of Align Technologies, Inc. (NASDAQ:ALGN – Get Rating) by 1.two% in the course of the 3rd quarter, according to its most current filing with the Securities and Exchange Commission. The firm owned 125,031 shares of the healthcare gear provider’s stock following promoting 1,529 shares in the course of the quarter. California State Teachers Retirement Method owned .16% of Align Technologies worth $25,895,000 as of its most current SEC filing.

Other hedge funds have also added to or lowered their stakes in the corporation. Cullen Frost Bankers Inc. raised its stake in Align Technologies by 188.% in the course of the 3rd quarter. Cullen Frost Bankers Inc. now owns 144 shares of the healthcare gear provider’s stock worth $30,000 following shopping for an more 94 shares in the course of the period. MCF Advisors LLC raised its stake in Align Technologies by two,090.% in the course of the 3rd quarter. MCF Advisors LLC now owns 219 shares of the healthcare gear provider’s stock worth $45,000 following shopping for an more 209 shares in the course of the period. Massmutual Trust Co. FSB ADV raised its stake in Align Technologies by 27.three% in the course of the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 224 shares of the healthcare gear provider’s stock worth $46,000 following shopping for an more 48 shares in the course of the period. Benjamin Edwards Inc. acquired a new stake in Align Technologies in the course of the 3rd quarter worth $47,000. Ultimately, CoreCap Advisors LLC acquired a new stake in Align Technologies in the course of the 2nd quarter worth $69,000. Institutional investors and hedge funds personal 84.90% of the company’s stock.

Insider Getting and Promoting

In other Align Technologies news, CEO Joseph M. Hogan bought two,928 shares of Align Technologies stock in a transaction that occurred on Wednesday, February 8th. The stock was acquired at an typical cost of $341.50 per share, for a total transaction of $999,912.00. Following the completion of the acquisition, the chief executive officer now owns 188,417 shares of the company’s stock, valued at roughly $64,344,405.50. The acquire was disclosed in a filing with the Securities &amp Exchange Commission, which is out there at this hyperlink. In other Align Technologies news, CFO John Morici bought 587 shares of Align Technologies stock in a transaction that occurred on Wednesday, February 8th. The stock was acquired at an typical cost of $341.84 per share, for a total transaction of $200,660.08. Following the completion of the acquisition, the chief monetary officer now owns eight,204 shares of the company’s stock, valued at roughly $two,804,455.36. The acquire was disclosed in a filing with the Securities &amp Exchange Commission, which is out there at this hyperlink. Also, CEO Joseph M. Hogan bought two,928 shares of Align Technologies stock in a transaction that occurred on Wednesday, February 8th. The shares have been acquired at an typical cost of $341.50 per share, with a total worth of $999,912.00. Following the acquisition, the chief executive officer now straight owns 188,417 shares of the company’s stock, valued at roughly $64,344,405.50. The disclosure for this acquire can be located right here. .64% of the stock is at the moment owned by corporate insiders.

Align Technologies Price tag Overall performance

Shares of NASDAQ ALGN opened at $320.87 on Friday. The stock has a industry capitalization of $24.58 billion, a cost-to-earnings ratio of 69.60, a PEG ratio of three.06 and a beta of 1.60. The company has a 50-day moving typical of $296.65 and a 200-day moving typical of $240.49. Align Technologies, Inc. has a fifty-two week low of $172.05 and a fifty-two week higher of $461.79.

Wall Street Analysts Forecast Development

ALGN has been the subject of various current investigation reports. Piper Sandler lifted their cost target on Align Technologies from $255.00 to $360.00 and gave the corporation an “overweight” rating in a investigation note on Thursday, February 2nd. StockNews.com initiated coverage on Align Technologies in a investigation note on Thursday. They issued a “hold” rating on the stock. Stifel Nicolaus lifted their cost target on Align Technologies from $265.00 to $375.00 and gave the corporation a “invest in” rating in a investigation note on Thursday, February 2nd. Evercore ISI lifted their cost target on Align Technologies from $230.00 to $375.00 and gave the corporation an “outperform” rating in a investigation note on Thursday, February 2nd. Ultimately, Robert W. Baird lifted their cost target on Align Technologies from $260.00 to $335.00 and gave the corporation an “outperform” rating in a investigation note on Thursday, February 2nd. Two investigation analysts have rated the stock with a hold rating and seven have assigned a invest in rating to the corporation. Primarily based on information from MarketBeat, the corporation presently has a consensus rating of “Moderate Acquire” and a consensus target cost of $358.78.

Align Technologies Organization Profile

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Align Technologies, Inc engages in the style, manufacture, and industry of orthodontics, restorative, and aesthetic dentistry solutions. It operates via the Clear Aligner, and Scanner and Solutions segments. The Clear Aligner segment consists of Invisalign complete, teen, and help solutions, and Vivera retainers for treating malocclusion.

Additional Reading

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