Align Technology, Inc. (ALGN) Shares Bought by Neuberger Berman Group LLC

Neuberger Berman Group LLC lifted its stake in Align Technology, Inc. (NASDAQ:ALGN) by 11.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,074 shares of the medical equipment provider’s stock after acquiring an additional 536 shares during the period. Neuberger Berman Group LLC’s holdings in Align Technology were worth $762,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ALGN. CENTRAL TRUST Co grew its stake in shares of Align Technology by 128.5% in the second quarter. CENTRAL TRUST Co now owns 697 shares of the medical equipment provider’s stock worth $105,000 after acquiring an additional 392 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Align Technology by 6.9% in the first quarter. Van ECK Associates Corp now owns 1,057 shares of the medical equipment provider’s stock worth $121,000 after acquiring an additional 68 shares during the last quarter. Trust Co. of Vermont grew its stake in shares of Align Technology by 15.4% in the second quarter. Trust Co. of Vermont now owns 1,010 shares of the medical equipment provider’s stock worth $152,000 after acquiring an additional 135 shares during the last quarter. FNY Partners Fund LP acquired a new stake in shares of Align Technology in the first quarter worth $160,000. Finally, Global X Management Co. LLC grew its stake in shares of Align Technology by 540.3% in the second quarter. Global X Management Co. LLC now owns 1,191 shares of the medical equipment provider’s stock worth $179,000 after acquiring an additional 1,005 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

Shares of Align Technology, Inc. (NASDAQ:ALGN) opened at 188.78 on Thursday. The firm’s 50-day moving average is $176.23 and its 200-day moving average is $145.25. Align Technology, Inc. has a 1-year low of $83.27 and a 1-year high of $190.04. The firm has a market cap of $15.13 billion, a P/E ratio of 64.65 and a beta of 1.55.

Align Technology (NASDAQ:ALGN) last issued its quarterly earnings data on Thursday, July 27th. The medical equipment provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.12. Align Technology had a return on equity of 23.87% and a net margin of 19.18%. The firm had revenue of $356.50 million for the quarter, compared to analyst estimates of $343.43 million. During the same period in the prior year, the firm posted $0.62 EPS. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. On average, analysts anticipate that Align Technology, Inc. will post $3.40 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Morgan Stanley restated an “overweight” rating and issued a $182.00 price objective (up previously from $175.00) on shares of Align Technology in a research note on Monday, July 17th. Stifel Nicolaus restated a “buy” rating and issued a $205.00 price objective (up previously from $200.00) on shares of Align Technology in a research note on Monday, August 7th. Credit Suisse Group restated an “outperform” rating and issued a $170.00 price objective (up previously from $140.00) on shares of Align Technology in a research note on Thursday, July 13th. Robert W. Baird restated a “buy” rating on shares of Align Technology in a research note on Tuesday, September 12th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $176.00 price objective on shares of Align Technology in a research note on Friday, July 28th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $179.82.

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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.

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

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