Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Acquires 13,111 Shares of Align Technology, Inc. (ALGN)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Align Technology, Inc. (NASDAQ:ALGN) by 16.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 94,598 shares of the medical equipment provider’s stock after acquiring an additional 13,111 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned approximately 0.12% of Align Technology worth $17,480,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Gemmer Asset Management LLC grew its position in Align Technology by 57.3% in the 4th quarter. Gemmer Asset Management LLC now owns 140 shares of the medical equipment provider’s stock worth $29,000 after purchasing an additional 51 shares in the last quarter. Wedbush Securities Inc. grew its position in Align Technology by 6.6% in the 4th quarter. Wedbush Securities Inc. now owns 968 shares of the medical equipment provider’s stock worth $203,000 after purchasing an additional 60 shares in the last quarter. ETF Managers Group LLC grew its position in Align Technology by 15.5% in the 4th quarter. ETF Managers Group LLC now owns 513 shares of the medical equipment provider’s stock worth $107,000 after purchasing an additional 69 shares in the last quarter. Stelac Advisory Services LLC grew its position in Align Technology by 14.2% in the 4th quarter. Stelac Advisory Services LLC now owns 604 shares of the medical equipment provider’s stock worth $126,000 after purchasing an additional 75 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in Align Technology by 22.3% in the 4th quarter. Parallel Advisors LLC now owns 499 shares of the medical equipment provider’s stock worth $104,000 after purchasing an additional 91 shares in the last quarter. 78.58% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on the stock. ValuEngine raised shares of Align Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Zacks Investment Research raised shares of Align Technology from a “sell” rating to a “hold” rating in a research report on Monday, December 31st. UBS Group cut shares of Align Technology from a “buy” rating to a “neutral” rating and set a $275.00 target price on the stock. in a research note on Thursday, February 14th. Credit Suisse Group dropped their target price on shares of Align Technology from $277.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 30th. Finally, BidaskClub cut shares of Align Technology from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Align Technology has an average rating of “Buy” and a consensus target price of $329.65.

ALGN opened at $253.79 on Thursday. The stock has a market capitalization of $20.30 billion, a price-to-earnings ratio of 51.58, a P/E/G ratio of 2.36 and a beta of 2.00. Align Technology, Inc. has a twelve month low of $177.93 and a twelve month high of $398.88.

Align Technology (NASDAQ:ALGN) last released its earnings results on Tuesday, January 29th. The medical equipment provider reported $1.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.04. The firm had revenue of $534.02 million for the quarter, compared to analysts’ expectations of $512.03 million. Align Technology had a net margin of 20.35% and a return on equity of 33.41%. As a group, equities research analysts anticipate that Align Technology, Inc. will post 5.02 EPS for the current year.

In related news, VP Christopher C. Puco sold 8,764 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $227.42, for a total transaction of $1,993,108.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Julie Tay sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $254.58, for a total transaction of $318,225.00. Following the sale, the senior vice president now owns 11,926 shares in the company, valued at $3,036,121.08. The disclosure for this sale can be found here. Insiders have sold a total of 25,014 shares of company stock worth $5,745,284 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.chaffeybreeze.com/2019/02/21/mitsubishi-ufj-kokusai-asset-management-co-ltd-acquires-13111-shares-of-align-technology-inc-algn.html.

Align Technology Profile

Align Technology, Inc designs, manufactures, and markets a system of clear aligner therapy, intraoral scanners, and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services. The company's Clear Aligner segment offers Invisalign Full, a treatment used for a range of malocclusion; Invisalign Teen treatment that addresses orthodontic needs of teenage patients, such as compliance indicators, compensation for tooth eruption, and six free single arch replacement aligners; and Invisalign Assist treatment for anterior alignment and aesthetically-oriented cases.

Featured Article: How a Back-End Load Mutual Fund Works

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).

Institutional Ownership by Quarter for Align Technology (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.



Leave a Reply