Align Technology, Inc. (NASDAQ:ALGN) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Align Technology, Inc. (NASDAQ:ALGNFree Report) by 15.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,311 shares of the medical equipment provider’s stock after purchasing an additional 1,900 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Align Technology were worth $4,369,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ALGN. KB Financial Partners LLC acquired a new position in shares of Align Technology in the 1st quarter worth approximately $26,000. Optiver Holding B.V. acquired a new stake in shares of Align Technology during the second quarter worth approximately $27,000. Cornerstone Planning Group LLC acquired a new stake in shares of Align Technology during the second quarter worth approximately $29,000. Huntington National Bank lifted its stake in Align Technology by 94.9% in the third quarter. Huntington National Bank now owns 115 shares of the medical equipment provider’s stock valued at $35,000 after acquiring an additional 56 shares during the last quarter. Finally, First Manhattan CO. LLC. lifted its stake in Align Technology by 593.8% in the first quarter. First Manhattan CO. LLC. now owns 111 shares of the medical equipment provider’s stock valued at $37,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 87.07% of the company’s stock.

Align Technology Price Performance

Align Technology stock opened at $296.37 on Monday. The company’s 50 day simple moving average is $262.43 and its 200 day simple moving average is $280.51. Align Technology, Inc. has a fifty-two week low of $176.34 and a fifty-two week high of $413.20. The firm has a market capitalization of $22.70 billion, a price-to-earnings ratio of 50.92, a PEG ratio of 3.07 and a beta of 1.64.

Analyst Ratings Changes

A number of analysts have recently weighed in on ALGN shares. Stifel Nicolaus reduced their price objective on shares of Align Technology from $430.00 to $390.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. Morgan Stanley lowered their target price on shares of Align Technology from $415.00 to $378.00 and set an “overweight” rating on the stock in a report on Thursday, October 26th. The Goldman Sachs Group upped their target price on shares of Align Technology from $197.00 to $225.00 and gave the stock a “sell” rating in a report on Friday, February 2nd. Piper Sandler upped their price target on shares of Align Technology from $290.00 to $335.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Finally, UBS Group upped their target price on shares of Align Technology from $200.00 to $260.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $338.90.

Get Our Latest Research Report on Align Technology

Insider Buying and Selling

In other Align Technology news, EVP Emory Wright sold 2,524 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $287.45, for a total transaction of $725,523.80. Following the sale, the executive vice president now directly owns 709 shares in the company, valued at approximately $203,802.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is owned by insiders.

About Align Technology

(Free Report)

Align Technology, Inc designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists in the United States, Switzerland, China, and internationally. It operates in two segments, Clear Aligner; and Imaging Systems and CAD/CAM Services (Systems and Services).

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

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