GWM Advisors LLC acquired a new stake in Align Technology, Inc. (NASDAQ:ALGN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,078 shares of the medical equipment provider’s stock, valued at approximately $268,000.
Several other hedge funds also recently modified their holdings of the stock. Chartwell Investment Partners LLC bought a new position in shares of Align Technology in the 4th quarter valued at approximately $597,000. Global X Management Co. LLC raised its stake in shares of Align Technology by 10.6% in the 4th quarter. Global X Management Co. LLC now owns 2,399 shares of the medical equipment provider’s stock valued at $533,000 after acquiring an additional 229 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Align Technology by 13.7% in the 4th quarter. Toronto Dominion Bank now owns 31,319 shares of the medical equipment provider’s stock valued at $6,959,000 after acquiring an additional 3,781 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Align Technology by 1.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 81,074 shares of the medical equipment provider’s stock valued at $18,013,000 after acquiring an additional 870 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Align Technology by 23.8% in the 4th quarter. First Trust Advisors LP now owns 221,827 shares of the medical equipment provider’s stock valued at $49,288,000 after acquiring an additional 42,668 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.
In other news, CFO John Morici sold 1,500 shares of Align Technology stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $255.00, for a total transaction of $382,500.00. Following the sale, the chief financial officer now owns 1,544 shares of the company’s stock, valued at approximately $393,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Emory Wright sold 45,780 shares of Align Technology stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $260.08, for a total value of $11,906,462.40. Following the sale, the vice president now directly owns 29,957 shares in the company, valued at approximately $7,791,216.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,029 shares of company stock worth $21,369,243. Company insiders own 1.60% of the company’s stock.
Align Technology, Inc. (NASDAQ ALGN) opened at $251.50 on Friday. The company has a market capitalization of $20,164.77, a P/E ratio of 64.49, a price-to-earnings-growth ratio of 1.92 and a beta of 1.48. Align Technology, Inc. has a 1 year low of $99.60 and a 1 year high of $287.32.
Align Technology (NASDAQ:ALGN) last issued its quarterly earnings results on Tuesday, January 30th. The medical equipment provider reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.23. The company had revenue of $421.30 million for the quarter, compared to the consensus estimate of $395.88 million. Align Technology had a return on equity of 28.55% and a net margin of 15.71%. The company’s revenue for the quarter was up 43.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS. equities analysts predict that Align Technology, Inc. will post 4.49 EPS for the current year.
WARNING: This article was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2018/02/18/gwm-advisors-llc-acquires-shares-of-1078-align-technology-inc-algn.html.
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.
Want to see what other hedge funds are holding ALGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Align Technology, Inc. (NASDAQ:ALGN).
Receive News & Ratings for Align Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Align Technology and related companies with MarketBeat.com's FREE daily email newsletter.