AMP Capital Investors Ltd raised its position in Align Technology, Inc. (NASDAQ:ALGN) by 23.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,520 shares of the medical equipment provider’s stock after acquiring an additional 11,600 shares during the period. AMP Capital Investors Ltd owned approximately 0.08% of Align Technology worth $13,447,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. USA Mutuals Advisors Inc. acquired a new stake in shares of Align Technology during the fourth quarter worth $101,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Align Technology by 166.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the medical equipment provider’s stock worth $112,000 after buying an additional 315 shares during the period. Cobblestone Capital Advisors LLC NY acquired a new stake in shares of Align Technology during the fourth quarter worth $200,000. Meritage Portfolio Management acquired a new stake in shares of Align Technology during the fourth quarter worth $201,000. Finally, Dai Ichi Life Insurance Company Ltd acquired a new stake in shares of Align Technology during the third quarter worth $211,000. Institutional investors own 80.60% of the company’s stock.
In other Align Technology news, VP Emory Wright sold 45,780 shares of Align Technology stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $260.08, for a total value of $11,906,462.40. Following the completion of the transaction, the vice president now owns 29,957 shares of the company’s stock, valued at $7,791,216.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Hogan acquired 1,500 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was purchased at an average cost of $233.63 per share, with a total value of $350,445.00. Following the acquisition, the insider now directly owns 42,984 shares of the company’s stock, valued at approximately $10,042,351.92. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by insiders.
Align Technology, Inc. (NASDAQ:ALGN) opened at $269.71 on Wednesday. Align Technology, Inc. has a fifty-two week low of $106.62 and a fifty-two week high of $287.32. The stock has a market cap of $21,610.00, a price-to-earnings ratio of 69.87, a P/E/G ratio of 2.07 and a beta of 1.44.
Align Technology (NASDAQ:ALGN) last released its quarterly earnings data on Tuesday, January 30th. The medical equipment provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $395.88 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was up 43.7% on a year-over-year basis. analysts anticipate that Align Technology, Inc. will post 4.49 earnings per share for the current fiscal year.
About Align Technology
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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