Align Technology Inc. (NASDAQ:ALGN) reached a new 52-week high on Monday . The company traded as high as $90.10 and last traded at $89.58, with a volume of 322,668 shares traded. The stock had previously closed at $89.15.

A number of research firms recently weighed in on ALGN. Stifel Nicolaus upped their target price on shares of Align Technology from $82.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Investment Research upgraded shares of Align Technology from a “hold” rating to a “strong-buy” rating and set a $97.00 target price on the stock in a report on Wednesday, July 13th. Credit Suisse Group AG restated a “buy” rating on shares of Align Technology in a report on Saturday, June 4th. Leerink Swann restated a “buy” rating on shares of Align Technology in a report on Saturday, June 4th. Finally, Robert W. Baird restated a “buy” rating on shares of Align Technology in a report on Saturday, June 4th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $83.09.

The firm’s 50-day moving average price is $82.09 and its 200-day moving average price is $73.62. The company has a market capitalization of $7.17 billion and a PE ratio of 43.75.

Align Technology (NASDAQ:ALGN) last announced its earnings results on Thursday, July 28th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.14. During the same period in the previous year, the firm posted $0.39 EPS. The company had revenue of $269.40 million for the quarter, compared to the consensus estimate of $259.29 million. The company’s revenue for the quarter was up 28.6% on a year-over-year basis. On average, analysts anticipate that Align Technology Inc. will post $2.27 earnings per share for the current fiscal year.

In related news, Director Thomas M. Prescott sold 64,773 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $74.54, for a total transaction of $4,828,179.42. Following the sale, the director now owns 111,253 shares of the company’s stock, valued at $8,292,798.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George J. Morrow sold 50,000 shares of the business’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $77.72, for a total transaction of $3,886,000.00. Following the sale, the director now directly owns 56,400 shares in the company, valued at approximately $4,383,408. The disclosure for this sale can be found here.

A number of large investors have bought and sold shares of the company. Vanguard Group Inc. raised its stake in Align Technology by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 4,766,319 shares of the company’s stock valued at $313,863,000 after buying an additional 73,258 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in Align Technology by 2.1% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,429,348 shares of the company’s stock valued at $94,123,000 after buying an additional 29,971 shares during the last quarter. Eagle Asset Management raised its stake in Align Technology by 175.5% in the third quarter. Eagle Asset Management now owns 436,836 shares of the company’s stock valued at $24,794,000 after buying an additional 278,249 shares during the last quarter. New York State Common Retirement Fund raised its stake in Align Technology by 4.7% in the fourth quarter. New York State Common Retirement Fund now owns 286,747 shares of the company’s stock valued at $18,882,000 after buying an additional 12,995 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Align Technology by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 233,618 shares of the company’s stock valued at $15,383,000 after buying an additional 4,547 shares during the last quarter.

Align Technology, Inc designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and 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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