Blue Trust Inc. possesses $167,000 in holdings with Align Technology, Inc. (NASDAQ:ALGN).

2 min read | February 05, 2025 12:28 AM PST | By Team Kalkine Media

Blue Trust Inc. possesses $167,000 in holdings with Align Technology, Inc. (NASDAQ:ALGN). — Image source: Shutterstock

Investment Activities

The recent Form 13F filing with the SEC revealed that Blue Trust Inc. elevated its stake in Align Technology, Inc. by 41.4% during the fourth quarter. The firm possessed 803 shares valued at $167,000 by the end of the period, demonstrating increased confidence in the medical equipment provider's prospects.

Other investment firms have shown similar interest in Align Technology. For instance, True Wealth Design LLC expanded its position significantly by 10,700% in the third quarter, while Neo Ivy Capital Management acquired a new stake altogether. CVA Family Office LLC, Mather Group LLC., and Versant Capital Management Inc also increased their holdings substantially during this timeframe.

Market Performance

Shares of Align Technology (NASDAQ:ALGN) began trading at $214.75 on a recent Wednesday. The shares fluctuate within a 52-week range between $196.09 and $335.40. The company holds a market capitalization of $16.03 billion, with a P/E ratio of 36.65 and a price-to-earnings-growth ratio of 4.80, indicating a balanced growth trajectory. The stock's beta stands at 1.67, reflecting its volatility in relation to the broader market trends. Additionally, the 50-day and 200-day simple moving averages are recorded at $222.45 and $226.48, respectively.

About Align Technology

Align Technology, Inc., known for designing and manufacturing Invisalign clear aligners, alongside iTero intraoral scanners, serves orthodontists and dental practitioners globally. The company's product portfolio includes packages geared towards comprehensive orthodontic care for varying age groups, demonstrating their expansive market reach and adaptation to patient needs.

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