Align Technology (ALGN) : Cookson Peirce Co Inc scooped up 9,350 additional shares in Align Technology during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 107,505 shares of Align Technology which is valued at $9,885,085.Align Technology makes up approximately 1.43% of Cookson Peirce Co Inc’s portfolio.
Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in ALGN by selling 2,900 shares or 1.15% in the most recent quarter. The Hedge Fund company now holds 248,400 shares of ALGN which is valued at $22,840,380. Align Technology makes up approx 0.04% of California Public Employees Retirement System’s portfolio.Rs Investment Management Co boosted its stake in ALGN in the latest quarter, The investment management firm added 32,545 additional shares and now holds a total of 601,734 shares of Align Technology which is valued at $51,237,650. Align Technology makes up approx 0.50% of Rs Investment Management Co’s portfolio.Conestoga Capital Advisors reduced its stake in ALGN by selling 71,480 shares or 15.14% in the most recent quarter. The Hedge Fund company now holds 400,620 shares of ALGN which is valued at $33,888,446. Align Technology makes up approx 2.46% of Conestoga Capital Advisors’s portfolio.Vontobel Asset Management Inc reduced its stake in ALGN by selling 36,900 shares or 17.04% in the most recent quarter. The Hedge Fund company now holds 179,703 shares of ALGN which is valued at $14,926,131. Align Technology makes up approx 0.12% of Vontobel Asset Management Inc’s portfolio.
Align Technology closed down -0.03 points or -0.03% at $91.8 with 7,80,140 shares getting traded on Monday. Post opening the session at $92.21, the shares hit an intraday low of $91.47 and an intraday high of $92.4 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Align Technology reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.48. The company had revenue of $269.40 million for the quarter, compared to analysts expectations of $258.76 million. The company’s revenue was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.
Many Wall Street Analysts have commented on Align Technology. Company shares were Reiterated by Stifel on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 95 from a previous price target of $82 .Credit Suisse Initiated Align Technology on May 11, 2016 to “Outperform”, Price Target of the shares are set at $84.
Align Technology Inc. (Align) is a medical device company. The Company designs manufactures and markets a system of clear aligner therapy intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services for dentistry orthodontics and dental records storage. The Company operates through two segments: Clear Aligner known as the Invisalign system and Scanners and Services known as the iTero intraoral scanner and OrthoCAD services. The Company’s Clear Aligner segment provides malocclusion and orthodontic treatment. The Company’s Scanners and Services Segment offers iTero intraoral scanner which utilizes laser and optical scanning to capture the contours of the patient’s dentition gingival structures and the bite. It distributes products directly to customers including orthodontists and general practitioner dentists (GPs) as well as to restorative dentists including prosthodontists periodontists and oral surgeons.