Shares of Align Technology Inc. (NASDAQ:ALGN) hit a new 52-week high during trading on Monday . The stock traded as high as $95.86 and last traded at $95.82, with a volume of 380,609 shares trading hands. The stock had previously closed at $95.65.

Several research firms have issued reports on ALGN. Stifel Nicolaus upped their target price on shares of Align Technology from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. 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 research note on Wednesday, July 13th. Credit Suisse Group AG restated a “buy” rating on shares of Align Technology in a research note on Saturday, June 4th. Robert W. Baird restated a “buy” rating on shares of Align Technology in a research note on Saturday, June 4th. Finally, Leerink Swann restated a “buy” rating on shares of Align Technology in a research note on Saturday, June 4th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $83.09.

The stock has a market capitalization of $7.68 billion and a P/E ratio of 46.83. The stock has a 50 day moving average of $85.95 and a 200-day moving average of $75.88.

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

In other news, 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 owns 56,400 shares in the company, valued at $4,383,408. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Julie Tay sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $92.60, for a total value of $277,800.00. Following the sale, the vice president now owns 3,104 shares in the company, valued at approximately $287,430.40. The disclosure for this sale can be found here.

Other large investors have modified their holdings of the company. Autus Asset Management LLC raised its stake in shares of Align Technology by 5.1% in the fourth quarter. Autus Asset Management LLC now owns 25,033 shares of the company’s stock worth $1,648,000 after buying an additional 1,205 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Align Technology by 398.8% in the fourth quarter. Bank of Montreal Can now owns 61,089 shares of the company’s stock worth $4,023,000 after buying an additional 48,843 shares during the last quarter. Stephens Inc. AR acquired a new stake in shares of Align Technology during the fourth quarter worth $4,811,000. State of Tennessee Treasury Department raised its stake in shares of Align Technology by 550.0% in the fourth quarter. State of Tennessee Treasury Department now owns 130,000 shares of the company’s stock worth $8,561,000 after buying an additional 110,000 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Align Technology by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 233,618 shares of the company’s stock worth $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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