Trading Review for Align Technology I (ALGN)

Marco Green
November 17, 2017

108 funds opened positions while 133 raised stakes.

Align Technology, Inc. has a 52 week low of $88.56 and a 52 week high of $257.60. Geode Mgmt Limited Co stated it has 858,737 shares. On average, equities research analysts anticipate that Align Technology Inc. will post $2.41 earnings per share for the current year. (NASDAQ:ALGN). Mason Street owns 0.04% invested in Align Technology, Inc.

Want to see what other hedge funds are holding ALGN? The stock rose 2.31% or $5.75 reaching $254.94 per share. First Analysis downgraded the stock to "Underweight" rating in Friday, August 21 report. Great Lakes Advisors Lc invested in 38,985 shares. Cannell Peter B And Company, New York-based fund reported 524,764 shares. Exxonmobil Invest Mgmt Tx invested in 0.05% or 14,498 shares. Americafirst Capital Ltd Com holds 1.54% or 16,826 shares in its portfolio. Maryland-based Counselors Of Maryland Limited Co has invested 0.04% in AbbVie Inc (NYSE:ABBV). (NASDAQ:ALGN). Moreover, Evercore Wealth Mngmt Ltd has 0% invested in Align Technology, Inc. Raymond James Financial Serv Advsr invested 0.01% of its portfolio in Intuit Inc. HOLX has a short ratio of 3.41 compared to a short interest of 3.37 for ALGN.

Since May 30, 2017, it had 0 insider buys, and 3 sales for $7.87 million activity. (NASDAQ:ALGN) was sold by LACOB JOSEPH on Tuesday, May 30. Align Technology had a return on equity of 25.60% and a net margin of 19.98%. (NASDAQ:ALGN) for 3.14 million shares. The original version of this piece can be viewed at https://weekherald.com/2017/11/16/ashfield-capital-partners-llc-increases-stake-in-align-technology-inc-algn.html.

Short interest is another tool that analysts use to gauge investor sentiment.

As of the end of the quarter Dimensional Fund Advisors Lp had sold 1,075 shares trimming its stake by 0.3%.

Banque Pictet & Cie Sa has invested 0.05% of its portfolio in Align Technology, Inc. The stock decreased 1.04% or $0.99 during the last trading session, reaching $93.76. About 550,517 shares traded. Align Technology, Inc. (NASDAQ:ALGN) has risen 82.22% since November 15, 2016 and is uptrending. It has outperformed by 65.52% the S&P500.The move comes after 7 months negative chart setup for the $20.03B company.

William Blair Investment Management, LLC cut its holdings by shedding 245,617 shares a decrease of 16.2% as of 09/30/2017. It also increased its holding in Cdn Imperial Bk Comm Toronto (NYSE:CM) by 8,840 shares in the quarter, for a total of 15,722 shares, and has risen its stake in Nuance Communications Inc (NASDAQ:NUAN).

Wall Street await Align Technology, Inc. They expect $0.96 EPS, up 43.28% or $0.29 from last year's $0.67 per share. The EPS metric is frequently used to measure a company's profitability based on each outstanding share of common stock. After posting $1.01 EPS for the previous quarter, Align Technology, Inc.'s analysts now forecast -4.95 % negative EPS growth. Eastern Commercial Bank owns 0.04% invested in Align Technology, Inc.

Focusing in on some other information, we can see that Align Technology I (ALGN) has a current weighted alpha of +184.10. Renaissance Technologies LLC lifted its position in Align Technology by 11.3% during the second quarter. (NASDAQ:INTU) news were published by: Businesswire.com which released: "Intuit Announces 2017 Global Firm of the Future Winner" on November 15, 2017, also Businesswire.com with their article: "Intuit Names Diego Rodriguez as Chief Product and Design Officer" published on November 01, 2017, Globenewswire.com published: "Consolidated Research: 2018 Summary Expectations for Take-Two, CME Group ..." on November 07, 2017. Therefore 100% are positive. ALGN stock price revealed optimistic move of 63.05% comparing average price of last 200 days. Align Technology had 41 analyst reports since July 27, 2015 according to SRatingsIntel. See Align Technology, Inc. As per Friday, January 29, the company rating was maintained by Stifel Nicolaus. Canaccord Genuity has "Hold" rating and $40 target.

November 9 investment analysts at Credit Suisse Group made no change to the company rating of "Positive" projecting a price of $261.00. As per Wednesday, September 13, the company rating was maintained by Jefferies. Stifel Nicolaus maintained the stock with "Buy" rating in Friday, October 23 report. Robert W. Baird set a $208.00 price objective on Align Technology and gave the company a "buy" rating in a report on Wednesday, October 18th. The rating was initiated by Credit Suisse on Wednesday, May 11 with "Outperform". As per Friday, September 11, the company rating was initiated by Leerink Swann. The company was maintained on Friday, June 23 by Stifel Nicolaus. The rating was downgraded by Robert W. Baird to "Neutral" on Monday, October 3.

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