New York: Align Technology (NASDAQ:ALGN) Stock Has Just Had Its “Overweight” Rating Reiterated by Morgan Stanley. Shares now Have a $182 Target

July 17, 2017 - By Darrin Black

 New York: Align Technology (NASDAQ:ALGN) Stock Has Just Had Its

Investors sentiment decreased to 1.1 in 2016 Q4. Its down 0.31, from 1.41 in 2016Q3. It dropped, as 46 investors sold Align Technology, Inc. shares while 134 reduced holdings. 69 funds opened positions while 129 raised stakes. 65.62 million shares or 0.81% more from 65.09 million shares in 2016Q3 were reported.

Autus Asset Management Limited Company has invested 0.55% in Align Technology, Inc. (NASDAQ:ALGN). Sg Americas Secs Lc reported 10,643 shares or 0.01% of all its holdings. 546,945 are held by Victory Management. Arrowpoint Asset Management Limited Liability Company accumulated 267,032 shares. Ny State Common Retirement Fund has invested 0.03% in Align Technology, Inc. (NASDAQ:ALGN). Bessemer Group has invested 0% in Align Technology, Inc. (NASDAQ:ALGN). Pnc Grp Inc accumulated 13,023 shares. Everpoint Asset Management Lc has 0.36% invested in Align Technology, Inc. (NASDAQ:ALGN) for 200,000 shares. 914 were accumulated by Assetmark Incorporated. Neuberger Berman Grp Limited Liability Company accumulated 0% or 4,064 shares. Retirement Of Alabama reported 0.09% in Align Technology, Inc. (NASDAQ:ALGN). Insight Cap And Mngmt has 2.38% invested in Align Technology, Inc. (NASDAQ:ALGN) for 46,608 shares. 597,451 were accumulated by Gilder Gagnon Howe Limited Liability Corporation. Hightower Advsr Ltd Limited Liability Company invested in 0.01% or 8,032 shares. Motley Fool Wealth Management Limited Com reported 141,776 shares.

Since January 25, 2017, it had 0 buys, and 9 sales for $23.01 million activity. On Wednesday, February 15 Saia Andrea Lynn sold $398,706 worth of Align Technology, Inc. (NASDAQ:ALGN) or 4,000 shares. LACOB JOSEPH had sold 50,000 shares worth $7.25 million. 1,000 shares were sold by Kolli Sreelakshmi, worth $143,995. On Monday, February 20 PRESCOTT THOMAS M sold $6.73 million worth of Align Technology, Inc. (NASDAQ:ALGN) or 66,528 shares. 24,353 Align Technology, Inc. (NASDAQ:ALGN) shares with value of $2.48 million were sold by Puco Christopher C.. The insider Wright Emory sold $1.53 million. On Friday, February 24 the insider GEORGE ROGER E sold $2.57M.

Align Technology (NASDAQ:ALGN) Rating Reaffirmed

Align Technology (NASDAQ:ALGN) just had their share rating of a ‘”Overweight”‘ issued by research analysts at Morgan Stanley, who now has a $182 TP on the $12.74B market cap company or a 16.35 % upside potential. This key information was revealed in a research note on Monday, 17 July.

Investors sentiment decreased to 1.1 in 2016 Q4. Its down 0.31, from 1.41 in 2016Q3. It dropped, as 46 investors sold Align Technology, Inc. shares while 134 reduced holdings. 69 funds opened positions while 129 raised stakes. 65.62 million shares or 0.81% more from 65.09 million shares in 2016Q3 were reported.

Autus Asset Management Limited Company has invested 0.55% in Align Technology, Inc. (NASDAQ:ALGN). Sg Americas Secs Lc reported 10,643 shares or 0.01% of all its holdings. 546,945 are held by Victory Management. Arrowpoint Asset Management Limited Liability Company accumulated 267,032 shares. Ny State Common Retirement Fund has invested 0.03% in Align Technology, Inc. (NASDAQ:ALGN). Bessemer Group has invested 0% in Align Technology, Inc. (NASDAQ:ALGN). Pnc Grp Inc accumulated 13,023 shares. Everpoint Asset Management Lc has 0.36% invested in Align Technology, Inc. (NASDAQ:ALGN) for 200,000 shares. 914 were accumulated by Assetmark Incorporated. Neuberger Berman Grp Limited Liability Company accumulated 0% or 4,064 shares. Retirement Of Alabama reported 0.09% in Align Technology, Inc. (NASDAQ:ALGN). Insight Cap And Mngmt has 2.38% invested in Align Technology, Inc. (NASDAQ:ALGN) for 46,608 shares. 597,451 were accumulated by Gilder Gagnon Howe Limited Liability Corporation. Hightower Advsr Ltd Limited Liability Company invested in 0.01% or 8,032 shares. Motley Fool Wealth Management Limited Com reported 141,776 shares.

Since January 25, 2017, it had 0 buys, and 9 sales for $23.01 million activity. On Wednesday, February 15 Saia Andrea Lynn sold $398,706 worth of Align Technology, Inc. (NASDAQ:ALGN) or 4,000 shares. LACOB JOSEPH had sold 50,000 shares worth $7.25 million. 1,000 shares were sold by Kolli Sreelakshmi, worth $143,995. On Monday, February 20 PRESCOTT THOMAS M sold $6.73 million worth of Align Technology, Inc. (NASDAQ:ALGN) or 66,528 shares. 24,353 Align Technology, Inc. (NASDAQ:ALGN) shares with value of $2.48 million were sold by Puco Christopher C.. The insider Wright Emory sold $1.53 million. On Friday, February 24 the insider GEORGE ROGER E sold $2.57M.

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

Among 9 analysts covering Align Technology (NASDAQ:ALGN), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Align Technology has $20000 highest and $72 lowest target. $135.63’s average target is -13.30% below currents $156.43 stock price. Align Technology had 21 analyst reports since July 27, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Align Technology, Inc. (NASDAQ:ALGN) rating on Friday, October 23. Stifel Nicolaus has “Buy” rating and $80 target. The rating was downgraded by Robert W. Baird to “Neutral” on Monday, October 3. The firm has “Buy” rating given on Wednesday, May 31 by Jefferies. As per Wednesday, March 23, the company rating was maintained by Roth Capital. The firm earned “Buy” rating on Friday, June 23 by Stifel Nicolaus. The rating was initiated by Piper Jaffray on Wednesday, November 18 with “Overweight”. The stock has “Outperform” rating by Leerink Swann on Friday, September 11. The rating was maintained by Morgan Stanley on Monday, June 19 with “Buy”. The rating was maintained by Jefferies on Tuesday, July 4 with “Buy”. The company was maintained on Monday, November 28 by Stifel Nicolaus.

About 670,426 shares traded. Align Technology, Inc. (NASDAQ:ALGN) has risen 82.22% since July 17, 2016 and is uptrending. It has outperformed by 65.52% the S&P500.

Analysts await Align Technology, Inc. (NASDAQ:ALGN) to report earnings on July, 27. They expect $0.73 EPS, up 17.74 % or $0.11 from last year’s $0.62 per share. ALGN’s profit will be $59.48 million for 53.55 P/E if the $0.73 EPS becomes a reality. After $0.85 actual EPS reported by Align Technology, Inc. for the previous quarter, Wall Street now forecasts -14.12 % negative EPS growth.

Align Technology, Inc. designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design/computer-aided manufacturing digital services used in dentistry, orthodontics and dental records storage. The company has market cap of $12.74 billion. The Firm operates through two divisions: Clear Aligner segment and Scanner and Services (Scanner) segment. It has a 58.28 P/E ratio. The Clear Aligner segment consists of its Invisalign System, which includes Invisalign Full, Teen and Assist (Comprehensive Products), Express/Lite (Non-Comprehensive Products) and Vivera Retainers, along with its training and ancillary products for treating malocclusion (Non-Case).

More notable recent Align Technology, Inc. (NASDAQ:ALGN) news were published by: Bizjournals.com which released: “Bay Area CIO of the Year winner Sreelakshmi Kolli says security is a fine balance” on June 22, 2017, also Marketwired.com with their article: “Align Technology to Announce Second Quarter 2017 Results on July 27, 2017” published on July 03, 2017, Nasdaq.com published: “Align Technology (ALGN) Enters the S&P 500 Index, Stock Up” on June 20, 2017. More interesting news about Align Technology, Inc. (NASDAQ:ALGN) were released by: Benzinga.com and their article: “Leerink Lifts Target On Align Technology, Sees 27% Upside” published on June 27, 2017 as well as Seekingalpha.com‘s news article titled: “Align Technology: A Reason To Smile” with publication date: June 26, 2017.

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