6,967 Shares in Align Technology, Inc. (ALGN) Acquired by Shelton Capital Management
Shelton Capital Management acquired a new position in Align Technology, Inc. (NASDAQ:ALGN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,967 shares of the medical equipment provider’s stock, valued at approximately $1,548,000.
Other hedge funds also recently bought and sold shares of the company. Crossmark Global Holdings Inc. bought a new position in Align Technology in the 3rd quarter worth approximately $2,875,000. Rhumbline Advisers raised its position in shares of Align Technology by 4.9% during the 3rd quarter. Rhumbline Advisers now owns 150,816 shares of the medical equipment provider’s stock valued at $28,092,000 after acquiring an additional 7,032 shares during the last quarter. National Pension Service raised its position in shares of Align Technology by 98,968.3% during the 4th quarter. National Pension Service now owns 81,236 shares of the medical equipment provider’s stock valued at $18,050,000 after acquiring an additional 81,154 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Align Technology during the 2nd quarter valued at $454,000. Finally, HWG Holdings LP raised its position in shares of Align Technology by 579.3% during the 4th quarter. HWG Holdings LP now owns 3,057 shares of the medical equipment provider’s stock valued at $679,000 after acquiring an additional 2,607 shares during the last quarter. Hedge funds and other institutional investors own 82.50% of the company’s stock.
In other news, VP Emory Wright sold 5,025 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $263.68, for a total value of $1,324,992.00. Following the completion of the transaction, the vice president now owns 80,762 shares of the company’s stock, valued at approximately $21,295,324.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Julie Tay sold 3,500 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $253.00, for a total transaction of $885,500.00. Following the completion of the transaction, the vice president now directly owns 12,213 shares of the company’s stock, valued at approximately $3,089,889. The disclosure for this sale can be found here. Insiders sold a total of 85,529 shares of company stock valued at $22,254,743 in the last three months. 1.60% of the stock is owned by company insiders.
Align Technology, Inc. (NASDAQ ALGN) opened at $229.37 on Friday. Align Technology, Inc. has a fifty-two week low of $94.20 and a fifty-two week high of $287.32. The stock has a market cap of $17,696.02, a price-to-earnings ratio of 80.76, a PEG ratio of 1.68 and a beta of 1.48.
Align Technology (NASDAQ:ALGN) last announced its quarterly earnings results on Tuesday, January 30th. The medical equipment provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.23. Align Technology had a net margin of 15.71% and a return on equity of 28.55%. The company had revenue of $421.30 million during the quarter, compared to analyst estimates of $395.88 million. During the same quarter in the previous year, the business earned $0.59 EPS. The firm’s revenue was up 43.7% on a year-over-year basis. equities research analysts anticipate that Align Technology, Inc. will post 4.49 earnings per share for the current year.
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Align Technology Company Profile
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.
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