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.

ALGN has been the subject of several recent research reports. Robert W. Baird reiterated a “buy” rating and set a $245.00 target price on shares of Align Technology in a research report on Friday, October 27th. Stifel Nicolaus upped their target price on shares of Align Technology from $205.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Zacks Investment Research upgraded shares of Align Technology from a “hold” rating to a “buy” rating and set a $227.00 target price for the company in a research report on Monday, October 30th. Credit Suisse Group upgraded shares of Align Technology to a “buy” rating and set a $276.00 target price for the company in a research report on Thursday, January 4th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $300.00 target price on shares of Align Technology in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $258.54.

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.

ILLEGAL ACTIVITY WARNING: This story was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.dailypolitical.com/2018/02/10/6967-shares-in-align-technology-inc-algn-acquired-by-shelton-capital-management.html.

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.

Want to see what other hedge funds are holding ALGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Align Technology, Inc. (NASDAQ:ALGN).

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

Receive News & Ratings for Align Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Align Technology and related companies with MarketBeat.com's FREE daily email newsletter.