Align Technology, Inc. (ALGN) Holdings Reduced by Sequoia Financial Advisors LLC
Sequoia Financial Advisors LLC lowered its position in Align Technology, Inc. (NASDAQ:ALGN) by 16.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,233 shares of the medical equipment provider’s stock after selling 235 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Align Technology were worth $274,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. USA Mutuals Advisors Inc. acquired a new stake in shares of Align Technology in the 4th quarter valued at about $101,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Align Technology by 166.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the medical equipment provider’s stock valued at $112,000 after purchasing an additional 315 shares in the last quarter. Cobblestone Capital Advisors LLC NY acquired a new stake in shares of Align Technology in the 4th quarter valued at about $200,000. Meritage Portfolio Management acquired a new stake in shares of Align Technology in the 4th quarter valued at about $201,000. Finally, Dai Ichi Life Insurance Company Ltd acquired a new stake in shares of Align Technology in the 3rd quarter valued at about $211,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.
Shares of Align Technology, Inc. (NASDAQ ALGN) opened at $253.71 on Friday. Align Technology, Inc. has a 1 year low of $102.02 and a 1 year high of $287.32. The firm has a market cap of $21,020.00, a PE ratio of 65.73, a P/E/G ratio of 1.87 and a beta of 1.44.
In other Align Technology news, insider Joseph M. Hogan acquired 1,500 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average price of $233.63 per share, with a total value of $350,445.00. Following the transaction, the insider now directly owns 42,984 shares in the company, valued at $10,042,351.92. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, VP Emory Wright sold 45,780 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $260.08, for a total transaction of $11,906,462.40. Following the sale, the vice president now directly owns 29,957 shares of the company’s stock, valued at approximately $7,791,216.56. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.
ALGN has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their target price on shares of Align Technology from $265.00 to $295.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Morgan Stanley upped their target price on shares of Align Technology from $257.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, November 27th. Credit Suisse Group upgraded shares of Align Technology to a “buy” rating and set a $276.00 target price on the stock in a research note on Thursday, January 4th. Zacks Investment Research lowered shares of Align Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, Stephens lowered shares of Align Technology from an “overweight” rating to an “equal weight” rating and set a $230.00 target price on the stock. in a research note on Friday, January 19th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Align Technology currently has a consensus rating of “Buy” and a consensus price target of $258.54.
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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