Schroder Investment Management Group lifted its position in shares of Align Technology, Inc. (NASDAQ:ALGN) by 242.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,400 shares of the medical equipment provider’s stock after acquiring an additional 1,700 shares during the quarter. Schroder Investment Management Group’s holdings in Align Technology were worth $439,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Align Technology by 4.6% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,867 shares of the medical equipment provider’s stock worth $1,093,000 after acquiring an additional 257 shares in the last quarter. Achmea Investment Management B.V. raised its position in shares of Align Technology by 23.3% during the 3rd quarter. Achmea Investment Management B.V. now owns 5,012 shares of the medical equipment provider’s stock worth $932,000 after purchasing an additional 948 shares during the last quarter. Legal & General Group Plc raised its position in shares of Align Technology by 221.0% during the 3rd quarter. Legal & General Group Plc now owns 383,295 shares of the medical equipment provider’s stock worth $71,396,000 after purchasing an additional 263,875 shares during the last quarter. Eagle Asset Management Inc. raised its position in shares of Align Technology by 5.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 377,346 shares of the medical equipment provider’s stock worth $70,646,000 after purchasing an additional 19,742 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of Align Technology by 45.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 60,425 shares of the medical equipment provider’s stock worth $11,068,000 after purchasing an additional 18,761 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

In other Align Technology news, CFO John Morici sold 1,500 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $255.00, for a total value of $382,500.00. Following the completion of the transaction, the chief financial officer now directly owns 1,544 shares in the company, valued at approximately $393,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Greg J. Santora sold 7,700 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $238.95, for a total value of $1,839,915.00. The disclosure for this sale can be found here. Insiders sold a total of 52,849 shares of company stock valued at $13,494,348 over the last quarter. 1.60% of the stock is currently owned by insiders.

Several research analysts recently issued reports on the company. Stifel Nicolaus restated a “buy” rating and set a $225.00 price objective (up from $205.00) on shares of Align Technology in a research report on Thursday, October 19th. Robert W. Baird restated a “buy” rating and set a $290.00 price objective on shares of Align Technology in a research report on Wednesday, November 29th. Morgan Stanley lifted their price objective on Align Technology from $257.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, November 27th. Northcoast Research restated a “buy” rating and set a $230.00 price objective (up from $200.00) on shares of Align Technology in a research report on Tuesday, October 10th. Finally, Credit Suisse Group restated a “positive” rating and set a $261.00 price objective (up from $209.00) on shares of Align Technology in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $236.75.

Align Technology, Inc. (ALGN) opened at $233.55 on Monday. The firm has a market capitalization of $18,725.57, a price-to-earnings ratio of 69.10, a price-to-earnings-growth ratio of 2.23 and a beta of 1.43. Align Technology, Inc. has a twelve month low of $88.56 and a twelve month high of $266.41.

Align Technology (NASDAQ:ALGN) last issued its quarterly earnings results on Thursday, October 26th. The medical equipment provider reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.19. The company had revenue of $385.30 million during the quarter, compared to the consensus estimate of $359.80 million. Align Technology had a return on equity of 25.60% and a net margin of 19.98%. Align Technology’s revenue was up 38.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 EPS. research analysts expect that Align Technology, Inc. will post 3.62 EPS for the current year.

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About Align Technology

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.

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

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