Veriti Management LLC increased its stake in shares of Align Technology, Inc. (NASDAQ:ALGN – Get Rating) by 11.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,420 shares of the medical equipment provider's stock after acquiring an additional 142 shares during the period. Veriti Management LLC's holdings in Align Technology were worth $336,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. LPL Financial LLC lifted its stake in shares of Align Technology by 4.4% in the fourth quarter. LPL Financial LLC now owns 17,654 shares of the medical equipment provider's stock worth $11,602,000 after buying an additional 736 shares during the last quarter. Eaton Vance Management boosted its holdings in Align Technology by 2.0% during the fourth quarter. Eaton Vance Management now owns 27,592 shares of the medical equipment provider's stock valued at $17,276,000 after acquiring an additional 554 shares during the period. Commerce Bank grew its position in shares of Align Technology by 1.1% in the fourth quarter. Commerce Bank now owns 5,192 shares of the medical equipment provider's stock valued at $3,412,000 after purchasing an additional 54 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of Align Technology by 16.7% in the fourth quarter. Guggenheim Capital LLC now owns 30,417 shares of the medical equipment provider's stock worth $19,989,000 after purchasing an additional 4,347 shares during the period. Finally, PDT Partners LLC acquired a new position in shares of Align Technology during the 4th quarter worth about $657,000. 86.50% of the stock is owned by institutional investors.

Align Technology Trading Down 1.0 %

Shares of ALGN opened at $212.10 on Thursday. The stock has a market cap of $16.57 billion, a PE ratio of 27.12, a PEG ratio of 6.58 and a beta of 1.80. Align Technology, Inc. has a 1 year low of $206.67 and a 1 year high of $713.33. The stock has a 50 day simple moving average of $259.66 and a 200-day simple moving average of $298.51.

Analyst Ratings Changes

ALGN has been the topic of several recent analyst reports. UBS Group dropped their price target on Align Technology from $380.00 to $370.00 and set a "buy" rating on the stock in a research report on Friday, July 29th. Morgan Stanley reduced their price target on shares of Align Technology from $438.00 to $402.00 and set an "overweight" rating for the company in a report on Thursday, July 28th. Robert W. Baird dropped their price objective on shares of Align Technology from $450.00 to $410.00 and set an "outperform" rating on the stock in a report on Thursday, July 28th. Evercore ISI reduced their target price on shares of Align Technology from $310.00 to $285.00 in a research note on Thursday, July 28th. Finally, Stifel Nicolaus lowered their price target on Align Technology from $425.00 to $375.00 and set a "buy" rating on the stock in a research note on Thursday, July 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Align Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $358.33.

Align Technology Profile

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Align Technology, Inc, a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. It operates in two segments, Clear Aligner; and Scanners and Services.

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