California State Teachers Retirement System Acquires 13,214,826 Shares of Align Technology, Inc. $ALGN

Posted by on Sep 12th, 2026

California State Teachers Retirement System increased its stake in Align Technology, Inc. (NASDAQ:ALGN – Free Report) by 16,665.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 13,294,119 shares of the medical equipment provider’s stock after buying an additional 13,214,826 shares during the quarter. California State Teachers Retirement System owned approximately 0.19% of Align Technology worth $2,242,186,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. K.J. Harrison & Partners Inc purchased a new stake in shares of Align Technology in the 2nd quarter valued at $1,872,000. Northwestern Mutual Wealth Management Co. lifted its position in Align Technology by 35,513.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 545,604 shares of the medical equipment provider’s stock valued at $85,196,000 after acquiring an additional 544,072 shares during the period. Maridea Wealth Management LLC bought a new stake in Align Technology in the second quarter worth $1,659,000. Pallas Capital Advisors LLC purchased a new position in Align Technology in the second quarter worth about $1,128,000. Finally, Deutsche Bank AG purchased a new stake in Align Technology during the 2nd quarter valued at $99,779,000. 88.43% of the stock is currently owned by institutional investors.

Align Technology Price Performance

Align Technology stock opened at $150.82 on Friday. The stock has a market cap of $10.80 billion, a P/E ratio of 26.23, a PEG ratio of 1.60 and a beta of 1.65. Align Technology, Inc. has a 1 year low of $122.00 and a 1 year high of $200.43. The firm’s 50 day moving average price is $168.99 and its 200-day moving average price is $172.76.

Align Technology (NASDAQ:ALGN – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The medical equipment provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.02. Align Technology had a return on equity of 15.86% and a net margin of 9.99%.The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business posted $2.49 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities analysts expect that Align Technology, Inc. will post 9.38 EPS for the current year.

Wall Street Analysts Forecast Growth

ALGN has been the topic of several research reports. Wall Street Zen cut shares of Align Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Needham & Company LLC restated a “hold” rating on shares of Align Technology in a research report on Thursday, July 30th. UBS Group reaffirmed a “neutral” rating and set a $189.00 target price on shares of Align Technology in a report on Thursday, July 23rd. Weiss Ratings upgraded shares of Align Technology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Finally, Zacks Research downgraded Align Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Align Technology currently has an average rating of “Moderate Buy” and a consensus target price of $206.36.

View Our Latest Report on ALGN

Align Technology Company Profile

(Free Report)

Align Technology, Inc (NASDAQ: ALGN) is a global medical device company that designs, manufactures and markets products used in orthodontics and digital dentistry. Its best-known product is the Invisalign system, a series of clear, removable aligners intended to gradually straighten teeth and address certain orthodontic conditions under the supervision of dental professionals.

The company also develops digital dentistry technologies, including iTero intraoral scanners and related software, which create digital impressions and support orthodontic, restorative and implant treatment planning.

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Institutional Ownership by Quarter for Align Technology (NASDAQ:ALGN)

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