Align Technology, Inc. (NASDAQ:ALGN) Updates Q3 Earnings Guidance

Paterniano Del Favero
Agosto 15, 2017

The stock rose 1.55% or $2.66 reaching $173.89. Its up 0.42% from 2.41 million shares previously.

Align Technology (NASDAQ:ALGN) last released its quarterly earnings results on Thursday, July 27th. The SI to Align Technology Incorporated's float is 3.25%. The stock decreased 2.58% or $4.54 during the last trading session, reaching $171.23. Kylin Management LLC acquired a new stake in shares of Align Technology during the first quarter valued at approximately $35,767,000. It has outperformed by 65.52% the S&P500. This price movement gives investors an idea of how much the stock price has moved in the a year ago and whether it is trading near the top, middle or bottom of the range. It is down 39.66% since August 14, 2016 and is uptrending.

Since February 15, 2017, it had 0 insider purchases, and 7 selling transactions for $21.19 million activity.

In related news, Director Joseph Lacob sold 50,000 shares of the stock in a transaction dated Wednesday, May 31st. (NASDAQ:ALGN) shares. Shares for $1.53 million were sold by Wright Emory. Kolli Sreelakshmi sold $143,995 worth of stock. 66,528 Align Technology, Inc. (NASDAQ:ALGN) on Thursday, February 23. It turned negative, as 46 investors sold ALGN shares while 134 reduced holdings.

Among 10 analysts covering Align Technology (NASDAQ:ALGN), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Morgan Stanley reiterated an "overweight" rating and set a $175.00 price target on shares of Align Technology in a report on Monday, June 19th. The stock of Align Technology, Inc. Stifel Nicolaus has "Buy" rating and $20000 target. As per Wednesday, November 25, the company rating was maintained by RBC Capital Markets. The rating was maintained by Jefferies with "Buy" on Friday, May 26. (NASDAQ:ALGN) on Friday, January 29 with "Buy" rating. Leerink Swann reissued an "outperform" rating and issued a $149.00 price target (up from $118.00) on shares of Align Technology in a report on Saturday, April 29th. As per Wednesday, May 11, the company rating was initiated by Credit Suisse.

Investors sentiment decreased to 1.1 in 2016 Q4. Its down 0.31, from 1.41 in 2016Q3. Aperio Grp Inc Lc has 0.02% invested in Align Technology, Inc.

These funds have also shifted positions in (ALGN). Millennium Mngmt Ltd Liability Corporation reported 518,328 shares stake. Dorsey & Whitney Trust Co Llc owns 32,400 shares or 0.02% of their U.S. portfolio. Robeco Institutional Asset Mgmt Bv stated it has 70,332 shares or 0.05% of all its holdings. Strs Ohio holds 0.21% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN) for 2,903 shares. About shares traded. Align Technology, Inc.

More notable recent PPG Industries, Inc. (NYSE:PPG). Parsec Incorporated has invested 0.03% in PPG Industries, Inc. (NASDAQ:ALGN) or 840,535 shares. Ubs Asset Management Americas Incorporated invested 0.01% of its portfolio in Align Technology, Inc. (NYSE:DSW). Paloma Partners Mngmt Co accumulated 75,402 shares. Finally, William Blair Investment Management LLC boosted its position in Align Technology by 4.1% in the first quarter. (NASDAQ:ALGN) for 71,512 shares. National Asset Management Inc has 3,218 shares for 0.06% of their portfolio. State Of Tennessee Treasury Department reported 0.06% of its portfolio in Align Technology, Inc.

Several brokerages have weighed in on ALGN.

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. Columbia Wanger Asset Management Llc who had been investing in Align Technology Inc for a number of months, seems to be less bullish one the $13.91B market cap company. The Company operates through two segments: Clear Aligner segment and Scanner and Services (Scanner) segment. It has a 11.91 P/E ratio. The Clear Aligner segment consists of its Invisalign System, which includes Invisalign Full, Teen and Assist (Comprehensive Products), Express/Lite (Non-Comprehensive Products) and Vivera Retainers, along with its training and ancillary products for treating malocclusion (Non-Case). DSW Inc had 58 analyst reports since August 4, 2015 according to SRatingsIntel. Avondale upgraded the shares of TBI in report on Monday, December 19 to "Mkt Perform" rating. The company has market cap of $1.37 billion. As per Monday, October 3, the company rating was downgraded by Robert W. Baird.

Investors sentiment increased to 1.46 in 2016 Q4. Its down 0.31, from 1.41 in 2016Q3.

WARNING: "Chevy Chase Trust Holdings Inc". The value of the position overall is up by 59.4%. Wells Fargo & Mn invested in 28,244 shares. Bessemer Group Inc, a New Jersey-based fund reported 76,414 shares. Moreover, Scott & Selber has 1.38% invested in PPG Industries, Inc. The New York-based Bank Of New York Mellon Corp has invested 0% in the stock. (NYSE:DSW). Millennium Mngmt Ltd Liability reported 0.05% stake. Mckinley Management Limited Liability Corporation Delaware accumulated 0.01% or 3,186 shares. First Midwest Natl Bank Tru Division owns 14,770 shares. Grantham Mayo Van Otterloo & Com Ltd Com owns 82,769 shares or 0.01% of their U.S. portfolio. Investors of this company earned a return of 16.50% on the assets it owns in past twelve month. D E Shaw & invested 0% of its portfolio in DSW Inc.

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