Are Analysts Bullish Align Technology, Inc. (NASDAQ:ALGN) After Last Week?

April 24, 2018 - By Maria Brooks

Align Technology, Inc. (NASDAQ:ALGN) LogoInvestors sentiment is 0.93 in Q4 2017. Its the same as in 2017Q3. It is the same, as 37 investors sold Align Technology, Inc. shares while 216 reduced holdings. only 100 funds opened positions while 136 raised stakes. 60.90 million shares or 3.22% less from 62.92 million shares in 2017Q3 were reported.
Guggenheim Cap Limited Liability Company holds 379,053 shares. Putnam Invs Ltd Llc has 0% invested in Align Technology, Inc. (NASDAQ:ALGN) for 1,135 shares. Moreover, D E Shaw And Incorporated has 0% invested in Align Technology, Inc. (NASDAQ:ALGN) for 7,383 shares. Polar Capital Limited Liability Partnership reported 76,227 shares or 0.18% of all its holdings. Secor Cap Advsr Ltd Partnership invested in 0.06% or 6,264 shares. Td Asset Mgmt Inc reported 54,332 shares. Axa holds 0.19% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN) for 212,861 shares. Quantum Capital Management holds 0.2% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN) for 3,838 shares. Bluestein R H & Communications reported 2,200 shares. Motley Fool Wealth Management Limited Liability Corp has 202,182 shares. Viking Global Invsts L P holds 0.74% or 542,532 shares in its portfolio. Art Advsrs Limited Liability has invested 0.06% in Align Technology, Inc. (NASDAQ:ALGN). Vantage Inv Advisors Ltd Liability Co invested in 0.01% or 200 shares. First Republic Investment Management Inc has invested 0.28% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). State Of Alaska Department Of Revenue stated it has 10,550 shares or 0.06% of all its holdings.

Since February 2, 2018, it had 1 buying transaction, and 1 insider sale for $11.56 million activity. $350,445 worth of Align Technology, Inc. (NASDAQ:ALGN) was bought by HOGAN JOSEPH M.

Align Technology, Inc. (NASDAQ:ALGN) Ratings Coverage

Among 11 analysts covering Align Tech (NASDAQ:ALGN), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Align Tech had 21 analyst reports since October 27, 2017 according to SRatingsIntel. The stock of Align Technology, Inc. (NASDAQ:ALGN) has “Buy” rating given on Friday, October 27 by Robert W. Baird. The rating was maintained by Piper Jaffray on Wednesday, January 31 with “Buy”. The stock of Align Technology, Inc. (NASDAQ:ALGN) has “Buy” rating given on Friday, April 6 by Credit Suisse. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, April 19. The company was maintained on Wednesday, January 31 by Jefferies. Stifel Nicolaus maintained the shares of ALGN in report on Tuesday, November 21 with “Buy” rating. Stephens downgraded Align Technology, Inc. (NASDAQ:ALGN) on Friday, January 19 to “Hold” rating. The stock has “Buy” rating by Credit Suisse on Thursday, November 9. Credit Suisse maintained the stock with “Buy” rating in Wednesday, January 31 report. The rating was upgraded by Credit Suisse on Thursday, January 4 to “Buy”. Below is a list of Align Technology, Inc. (NASDAQ:ALGN) latest ratings and price target changes.

20/04/2018 Broker: Berenberg Rating: Buy New Target: $305 Initiates Coverage On
19/04/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Equal-Weight Old Target: $220 Downgrade
06/04/2018 Broker: Credit Suisse Rating: Buy New Target: $290.0000 Maintain
08/03/2018 Broker: Barclays Capital Rating: Overweight New Target: $290 Initiates Coverage On
31/01/2018 Broker: Piper Jaffray Rating: Buy New Target: $300.0 Maintain
31/01/2018 Broker: Jefferies Rating: Buy New Target: $300.0 Maintain
31/01/2018 Broker: Leerink Swann Old Rating: Outperform New Rating: Outperform Old Target: $300 New Target: $305 Maintain
31/01/2018 Broker: Credit Suisse Rating: Buy New Target: $290.0 Maintain
30/01/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $265 New Target: $295 Maintain
19/01/2018 Broker: Stephens Rating: Hold New Target: $230.0 Downgrade

The stock increased 0.05% or $0.13 during the last trading session, reaching $247.2. About 772,248 shares traded. Align Technology, Inc. (NASDAQ:ALGN) has risen 117.77% since April 24, 2017 and is uptrending. It has outperformed by 106.22% the S&P500.

Align Technology, Inc. designs, manufactures, and markets a system of clear aligner therapy, intra-oral scanners, and computer-aided design and computer-aided manufacturing digital services. The company has market cap of $19.81 billion. The companyÂ’s Clear Aligner segment offers Invisalign Full, a treatment used for a range of malocclusion; Invisalign Teen treatment that addresses orthodontic needs of teenage patients, such as compliance indicators, compensation for tooth eruption, and six free single arch replacement aligners; and Invisalign Assist treatment for anterior alignment and aesthetically-oriented cases. It has a 87.35 P/E ratio. It also provides Invisalign Express (10 and 5) and Invisalign Lite/i7 treatments for orthodontic cases, non-comprehensive treatment relapse cases, or straightening prior to restorative or cosmetic treatments; Invisalign Go, a solution for general practitioner dentists (GPs) to identify and treat patients with mild malocclusion; SmileDirectClub aligners for minor tooth movement; custom clear aligner retainers used to maintain tooth position and correct minor relapse; and SmartTrack, a custom-engineered material that delivers force for orthodontic tooth movements.

Align Technology, Inc. (NASDAQ:ALGN) Institutional Positions Chart

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