Align Technology, Inc. (NASDAQ:ALGN) Stake Lowered by Meeder Asset Management Inc

Jay Anderson
July 18, 2017

Therefore 86% are positive. Align Technology has a one year low of $82.00 and a one year high of $154.85. The firm has "Outperform" rating by Credit Suisse given on Wednesday, May 11. (NASDAQ:ALGN) to report earnings on July, 27 after the close. Dana Investment Advisors Inc acquired 18,626 shares as Align Technology Inc (ALGN)'s stock rose 36.03%.

Analysts have been eager to weigh in on the Healthcare sector with new ratings on Valeant Pharma (NYSE: VRX) and Align Tech (NASDAQ: ALGN). Robert W. Baird raised Align Technology from a neutral rating to an outperform rating and raised their price objective for the company from $105.00 to $155.00 in a research note on Friday, April 28th. Russell Investments Group Ltd. now owns 781,138 shares of the medical equipment provider's stock valued at $89,612,000 after buying an additional 302,700 shares in the last quarter. As per Friday, January 29, the company rating was maintained by Stifel Nicolaus. $143,995 worth of Align Technology, Inc. Polen Capital Management LLC now owns 3,149,797 shares of the medical equipment provider's stock worth $361,313,000 after buying an additional 248,095 shares during the period. The correct version of this piece of content can be read at https://transcriptdaily.com/2017/07/17/align-technology-inc-algn-price-target-increased-to-194-00-by-analysts-at-leerink-swann-updated-updated.html. (NASDAQ:ALGN) has "Overweight" rating given on Wednesday, November 18 by Piper Jaffray. They now have a United States dollars 80 price target on the stock. Revance Therapeutics Inc (NASDAQ:RVNC) has risen 20.40% since July 17, 2016 and is uptrending.

Private Wealth Partners Llc decreased Starbucks Corp (NASDAQ:SBUX) stake by 55,680 shares to 46,840 valued at $2.60M in 2016Q4.

In other news, Director Joseph Lacob sold 3,874 shares of the business's stock in a transaction on Tuesday, May 30th. The Buckingham Capital Management Inc holds 317,800 shares with $26.93 million value, down from 325,066 last quarter. Vanguard Gp stated it has 6.13 million shares. The stock rose 0.62% or $0.71 reaching $115.87 per share. About 420 shares traded. It has underperformed by 30.84% the S&P500. With 197,800 avg volume, 2 days are for Radnet Incorporated (NASDAQ:RDNT)'s short sellers to cover RDNT's short positions. Therefore 41% are positive. Equities analysts forecast that Align Technology will post $3.26 earnings per share for the current year. Morgan Stanley downgraded the stock to "Underweight" rating in Tuesday, December 15 report. (NASDAQ:ALGN) on Friday, February 24. The rating was maintained by Deutsche Bank with "Buy" on Wednesday, October 21. On Wednesday, May 11 the stock rating was initiated by Credit Suisse with "Outperform". As per Tuesday, May 30, the company rating was maintained by Cowen & Co.

Investors sentiment decreased to 1.01 in 2016 Q4. It improved, as 31 investors sold BURL shares while 104 reduced holdings. 198,538 are held by Allianz Asset Management Ag.

Buckingham Capital Management Inc increased Dick's Sporting Goods Com (NYSE:DKS) stake by 38,888 shares to 415,440 valued at $22.06M in 2016Q4. Massachusetts Ma owns 4.86M shares or 0.3% of their USA portfolio. First Republic Mngmt Incorporated accumulated 0.02% or 24,348 shares. 3,332 are held by Gotham Asset Management Limited Liability Company. Associated Banc owns 718,156 shares. Nationwide Fund Advsrs has 370,952 shares for 0.15% of their portfolio. (NASDAQ:QCOM). Glenmede Trust Na holds 640,246 shares. Hudock Grp Limited Co holds 7,069 shares or 0.25% of its portfolio. Strs Ohio reported 14,533 shares. Jennison holds 38.61 million shares.

Since January 25, 2017, it had 0 insider buys, and 4 sales for $1.15 million activity. PRESCOTT THOMAS M also sold $6.73M worth of Align Technology, Inc.

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Align Technology, Inc. designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design/computer-aided manufacturing digital services used in dentistry, orthodontics and dental records storage.

Morgan Stanley now has a $182 price target on the $12.74 billion market cap company or 16.35 % upside potential. The Company operates through two segments: Clear Aligner segment and Scanner and Services (Scanner) segment. It has a 33.97 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).

Since January 25, 2017, it had 0 buys, and 9 selling transactions for $23.01 million activity. Carroll Financial Associates Inc. now owns 1,550 shares of the medical equipment provider's stock worth $177,000 after buying an additional 190 shares in the last quarter. It also reduced Expedia Inc Del (NASDAQ:EXPE) stake by 2.83 million shares and now owns 4.32M shares. The insider GEORGE ROGER E sold $2.57 million. $2.48M worth of Align Technology, Inc. (NASDAQ:ALGN) on Monday, February 20.

Northwestern Mutual Investment Management Company has an ownership of 13,004 stocks of the medical equipment provider's shares valued $1,492,000 after scooping up an extra 94 shares through out the previous quarter, hedge fund investors and investment firms has an ownership of 87.68% of the firms stock. Its down 0.31, from 1.41 in 2016Q3.

Investors are feeling more bearish on shares of Align Technology, Inc. recently as evidenced by the increase in short interest.

Many other investment firms and many large funds lately modified to their stake in ALGN. Jefferies Group LLC reissued a buy rating and set a $150.00 price objective (up previously from $110.00) on shares of Align Technology in a report on Saturday, April 29th. Meiji Yasuda Life Insurance Communications invested in 0.16% or 9,995 shares. State Street Corp raised its stake in Align Technology by 1.7% in the first quarter.

Shares of Align Technology (ALGN) opened at 154.30 on Friday. Ltd. now owns 17,763 shares of the medical equipment provider's stock worth $2,038,000 after buying an additional 77 shares in the last quarter.

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