Toronto Dominion Bank increased its stake in shares of Align Technology, Inc. (NASDAQ:ALGN) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,319 shares of the medical equipment provider’s stock after buying an additional 3,781 shares during the quarter. Toronto Dominion Bank’s holdings in Align Technology were worth $6,959,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in ALGN. Bank of New York Mellon Corp grew its stake in Align Technology by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,946,097 shares of the medical equipment provider’s stock valued at $362,499,000 after purchasing an additional 42,570 shares during the period. Janus Henderson Group PLC grew its stake in Align Technology by 26.6% in the 3rd quarter. Janus Henderson Group PLC now owns 752,014 shares of the medical equipment provider’s stock valued at $140,077,000 after purchasing an additional 157,890 shares during the period. Atlantic Trust Group LLC grew its stake in Align Technology by 4,682.8% in the 3rd quarter. Atlantic Trust Group LLC now owns 638,935 shares of the medical equipment provider’s stock valued at $119,014,000 after purchasing an additional 625,576 shares during the period. American Century Companies Inc. grew its stake in Align Technology by 42.8% in the 4th quarter. American Century Companies Inc. now owns 391,958 shares of the medical equipment provider’s stock valued at $87,089,000 after purchasing an additional 117,533 shares during the period. Finally, Legal & General Group Plc grew its stake in Align Technology by 221.0% in the 3rd quarter. Legal & General Group Plc now owns 383,295 shares of the medical equipment provider’s stock valued at $71,396,000 after purchasing an additional 263,875 shares during the period. Institutional investors and hedge funds own 80.60% of the company’s stock.
In related news, insider Joseph M. Hogan acquired 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average price of $233.63 per share, with a total value of $350,445.00. Following the acquisition, the insider now owns 42,984 shares of the company’s stock, valued at approximately $10,042,351.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Emory Wright sold 45,780 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $260.08, for a total value of $11,906,462.40. Following the completion of 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. Corporate insiders own 1.60% of the company’s stock.
Shares of Align Technology, Inc. (ALGN) opened at $269.71 on Wednesday. The stock has a market capitalization of $21,610.00, a PE ratio of 69.87, a P/E/G ratio of 2.10 and a beta of 1.44. Align Technology, Inc. has a 1-year low of $105.47 and a 1-year high of $287.32.
Align Technology (NASDAQ:ALGN) last issued its quarterly earnings data on Tuesday, January 30th. The medical equipment provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.23. The business had revenue of $421.30 million for the quarter, compared to analysts’ expectations of $395.88 million. Align Technology had a return on equity of 28.55% and a net margin of 15.71%. The firm’s quarterly revenue was up 43.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 EPS. analysts anticipate that Align Technology, Inc. will post 4.49 earnings per share for the current year.
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Align Technology Company Profile
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.
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