Align Technology's Shares Reduced by Artisan Partners

Hedge fund lowers stake in medical equipment provider by 6.5% in Q3

Mar. 3, 2026 at 1:23am

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Artisan Partners Limited Partnership reduced its position in Align Technology, Inc. (NASDAQ:ALGN) by 6.5% in the third quarter, according to a recent SEC filing. The hedge fund now owns 271,832 shares of the medical equipment provider's stock, valued at $34,039,000 as of the latest filing.

Why it matters

Align Technology is a major player in the dental and orthodontic industry, known for its Invisalign clear aligner system. Changes in institutional ownership can signal shifts in market sentiment and future performance expectations for the company.

The details

Artisan Partners sold 18,987 shares of Align Technology during the third quarter. The hedge fund now holds a 6.5% smaller stake in the company compared to the prior quarter. Align Technology's stock price has fluctuated in recent months, with the share price ranging from a 52-week low of $122 to a high of $208.30.

  • Artisan Partners reported the reduced position in a 13F filing for the third quarter of 2026.

The players

Artisan Partners Limited Partnership

A global investment management firm that provides a range of equity investment strategies to institutional and individual investors worldwide.

Align Technology, Inc.

A medical device company that pioneered the use of digital technology in orthodontics through the development of the Invisalign system, a series of clear, removable aligners that provide an alternative to traditional metal braces.

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The takeaway

The reduction in Artisan Partners' stake in Align Technology could signal a shift in market sentiment around the company, though the overall outlook remains positive with analysts maintaining a 'Hold' rating and an average price target of $198.08.