Old Dominion Capital Management Inc adds Align Technology (ALGN) to its portfolio

Align Technology (ALGN) : Old Dominion Capital Management Inc added new position in Align Technology during the most recent quarter end. The investment management firm now holds 6,128 shares of Align Technology which is valued at $563,470 , the company said in a statement filed on Aug 2, 2016 with the SEC.Align Technology makes up approximately 0.66% of Old Dominion Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Ipswich Investment Management sold out all of its stake in ALGN during the most recent quarter. The investment firm sold 100 shares of ALGN which is valued $9,195.Kalmar Investments Inc De reduced its stake in ALGN by selling 100 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 269,540 shares of ALGN which is valued at $24,029,491. Align Technology makes up approx 1.02% of Kalmar Investments Inc De’s portfolio. Spectrum Management Group added ALGN to its portfolio by purchasing 12,970 company shares during the most recent quarter which is valued at $1,156,276. Align Technology makes up approx 0.46% of Spectrum Management Group’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.

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