Ilmarinen Mutual Pension Insurance Co grew its holdings in shares of Align Technology, Inc. (NASDAQ:ALGN – Get Rating) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,000 shares of the medical equipment provider’s stock after purchasing an additional 2,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Align Technology were worth $14,458,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Achmea Investment Management B.V. acquired a new position in shares of Align Technology during the 4th quarter valued at about $2,863,000. TD Asset Management Inc. boosted its position in shares of Align Technology by 12.7% during the 4th quarter. TD Asset Management Inc. now owns 119,311 shares of the medical equipment provider’s stock valued at $78,409,000 after acquiring an additional 13,482 shares during the last quarter. Brendel Financial Advisors LLC acquired a new position in shares of Align Technology during the 4th quarter valued at about $206,000. Financial Counselors Inc. boosted its position in shares of Align Technology by 5.0% during the 4th quarter. Financial Counselors Inc. now owns 8,959 shares of the medical equipment provider’s stock valued at $5,888,000 after acquiring an additional 426 shares during the last quarter. Finally, Ithaka Group LLC boosted its position in shares of Align Technology by 9.3% during the 4th quarter. Ithaka Group LLC now owns 36,994 shares of the medical equipment provider’s stock valued at $24,312,000 after acquiring an additional 3,154 shares during the last quarter. 88.17% of the stock is currently owned by institutional investors.
In other Align Technology news, CEO Joseph M. Hogan acquired 6,700 shares of the business’s stock in a transaction on Wednesday, May 4th. The stock was purchased at an average price of $298.48 per share, for a total transaction of $1,999,816.00. Following the completion of the transaction, the chief executive officer now owns 174,801 shares of the company’s stock, valued at approximately $52,174,602.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.64% of the company’s stock.
Shares of NASDAQ ALGN traded down $10.83 during mid-day trading on Tuesday, hitting $258.13. 2,246,628 shares of the company were exchanged, compared to its average volume of 975,418. The stock has a 50 day simple moving average of $397.22 and a 200-day simple moving average of $520.96. Align Technology, Inc. has a 1-year low of $254.48 and a 1-year high of $737.45. The firm has a market cap of $20.34 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 4.48 and a beta of 1.76.
Align Technology (NASDAQ:ALGN – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The medical equipment provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.29). Align Technology had a return on equity of 19.90% and a net margin of 17.51%. The company had revenue of $973.22 million for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the business earned $2.51 earnings per share. On average, equities analysts anticipate that Align Technology, Inc. will post 8.65 EPS for the current year.
Align Technology Company Profile (Get Rating)
Align Technology, Inc, a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. It operates in two segments, Clear Aligner; and Scanners and Services.
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