Landscape Capital Management L.L.C. Sells 3,238 Shares of Align Technology, Inc. (NASDAQ:ALGN)

Landscape Capital Management L.L.C. lessened its holdings in shares of Align Technology, Inc. (NASDAQ:ALGN - Free Report) by 38.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,100 shares of the medical equipment provider's stock after selling 3,238 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Align Technology were worth $1,063,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALGN. Nordea Investment Management AB raised its position in shares of Align Technology by 3.5% during the fourth quarter. Nordea Investment Management AB now owns 273,664 shares of the medical equipment provider's stock worth $56,870,000 after purchasing an additional 9,139 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Align Technology by 119.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 169,641 shares of the medical equipment provider's stock worth $35,368,000 after purchasing an additional 92,407 shares in the last quarter. National Bank of Canada FI raised its holdings in Align Technology by 25.7% during the 3rd quarter. National Bank of Canada FI now owns 40,826 shares of the medical equipment provider's stock worth $10,383,000 after buying an additional 8,338 shares during the period. Swedbank AB lifted its stake in Align Technology by 25.0% in the fourth quarter. Swedbank AB now owns 486,267 shares of the medical equipment provider's stock valued at $101,392,000 after buying an additional 97,152 shares in the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of Align Technology by 34.5% in the fourth quarter. Principal Securities Inc. now owns 1,881 shares of the medical equipment provider's stock valued at $392,000 after buying an additional 483 shares during the period. 88.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on ALGN. Leerink Partners raised shares of Align Technology from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $235.00 to $280.00 in a research report on Monday, January 6th. Bank of America lifted their price target on Align Technology from $200.00 to $206.00 and gave the company an "underperform" rating in a research note on Friday, December 13th. Mizuho reduced their price objective on Align Technology from $295.00 to $250.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Wells Fargo & Company initiated coverage on Align Technology in a research report on Friday, February 14th. They issued an "overweight" rating and a $255.00 target price on the stock. Finally, Morgan Stanley decreased their price target on shares of Align Technology from $280.00 to $272.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $262.64.

Align Technology Trading Up 2.5 %

Shares of Align Technology stock traded up $4.00 during trading on Friday, hitting $164.14. 1,222,187 shares of the stock were exchanged, compared to its average volume of 866,508. The company has a fifty day moving average price of $177.26 and a 200-day moving average price of $207.35. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 2.24 and a beta of 1.73. Align Technology, Inc. has a 1-year low of $141.74 and a 1-year high of $327.49.

Align Technology (NASDAQ:ALGN - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The medical equipment provider reported $1.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.43 by ($0.47). Align Technology had a net margin of 10.54% and a return on equity of 13.84%. Equities research analysts forecast that Align Technology, Inc. will post 7.98 EPS for the current fiscal year.

About Align Technology

Align Technology, Inc designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists in the United States, Switzerland, and internationally. The company's Clear Aligner segment offers comprehensive products, including Invisalign comprehensive package that addresses the orthodontic needs of younger patients, such as mandibular advancement, compliance indicators, and compensation for tooth eruption; and Invisalign First Phase I and Invisalign First Comprehensive Phase 2 package for younger patients generally between the ages of six and ten years, which is a mixture of primary/baby and permanent teeth.