Sun Sep 15 16:36:46 UTC 2024: ## Align Technology Stock Sees Mixed Activity from Institutional Investors

**San Francisco, CA – September 15, 2024** – Align Technology, Inc. (NASDAQ: ALGN), the leading provider of clear aligners and intraoral scanners for orthodontists and dentists, has seen a mixed bag of activity from institutional investors in recent quarters.

**HBK Sorce Advisory LLC trimmed its stake in Align Technology by 4.9% during the second quarter, selling 78 shares and bringing its total holdings to 1,505 shares valued at $363,000.**

However, several other institutions increased their positions in the company. **Vanguard Group Inc. boosted its holdings by 0.3% in the first quarter, acquiring 25,362 shares for a total of 8,375,147 shares valued at $2,746,378,000.** **Bank of New York Mellon Corp also increased its stake by 1.4% in the second quarter, adding 15,540 shares for a total of 1,148,282 shares valued at $277,230,000.** **Ninety One UK Ltd lifted its position by 1.0% during the second quarter, purchasing 10,919 shares for a total of 1,147,124 shares worth $276,950,000.** **Bares Capital Management Inc. grew its stake by a significant 44.4% during the first quarter, buying 252,220 shares for a total of 819,930 shares worth $268,871,000.** **Norges Bank also made a new position in Align Technology in the fourth quarter, valued at approximately $223,610,000.**

**Align Technology’s stock opened at $243.73 on Friday, with a market capitalization of $18.21 billion.** The company has a P/E ratio of 40.15, a P/E/G ratio of 5.13, and a beta of 1.64. The stock’s 50-day moving average price is $232.08, and its 200-day moving average price is $266.34. Align Technology has a 12-month low of $176.34 and a 12-month high of $335.73.

**In other news, Director C Raymond Larkin, Jr. bought 6,500 shares of Align Technology stock on August 15th at an average cost of $235.33 per share, for a total value of $1,529,645.00.** This brings his total ownership to 28,247 shares, valued at $6,647,366.51.

**Analysts have mixed views on Align Technology’s stock.** **Evercore ISI reduced its price target from $370.00 to $300.00 but maintained an “outperform” rating.** **Piper Sandler reaffirmed an “overweight” rating with a $315.00 target price.** **StockNews.com downgraded Align Technology from a “buy” to a “hold” rating.** **Robert W. Baird lowered its price objective from $370.00 to $325.00 but maintained an “outperform” rating.** **Stifel Nicolaus lowered its target price from $400.00 to $350.00 and set a “buy” rating for the company.** **Based on data from MarketBeat, Align Technology currently has a consensus rating of “Hold” and an average target price of $306.88.**

**Align Technology continues to be a major player in the orthodontic market, with its Invisalign clear aligners and iTero intraoral scanners growing in popularity.** The company is focusing on expanding its reach to new markets and demographics, including younger patients. Investors are watching closely to see how the company navigates the evolving market landscape.

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