First Republic Investment Management Raised Its Position in Align Technology (ALGN) as Share Value Rose; As Veeco Instrs Del (VECO) Shares Rose, Shelton Capital Management Has Boosted by $320,600 Its Position

April 20, 2018 - By Ellis Scott

Veeco Instruments Inc. (NASDAQ:VECO) Logo

First Republic Investment Management Inc increased its stake in Align Technology Inc (ALGN) by 496.31% based on its latest 2017Q4 regulatory filing with the SEC. First Republic Investment Management Inc bought 160,496 shares as the company’s stock rose 11.29% while stock markets declined. The hedge fund held 192,834 shares of the health care company at the end of 2017Q4, valued at $42.85 million, up from 32,338 at the end of the previous reported quarter. First Republic Investment Management Inc who had been investing in Align Technology Inc for a number of months, seems to be bullish on the $20.26B market cap company. The stock decreased 8.76% or $24.27 during the last trading session, reaching $252.78. About 2.37M shares traded or 116.80% up from the average. Align Technology, Inc. (NASDAQ:ALGN) has risen 117.77% since April 20, 2017 and is uptrending. It has outperformed by 106.22% the S&P500.

Shelton Capital Management increased its stake in Veeco Instrs Inc Del (VECO) by 102.55% based on its latest 2017Q4 regulatory filing with the SEC. Shelton Capital Management bought 22,900 shares as the company’s stock rose 15.02% while stock markets declined. The institutional investor held 45,230 shares of the industrial machinery and components company at the end of 2017Q4, valued at $672,000, up from 22,330 at the end of the previous reported quarter. Shelton Capital Management who had been investing in Veeco Instrs Inc Del for a number of months, seems to be bullish on the $813.33M market cap company. The stock decreased 3.43% or $0.6 during the last trading session, reaching $16.9. About 661,293 shares traded or 9.04% up from the average. Veeco Instruments Inc. (NASDAQ:VECO) has declined 42.98% since April 20, 2017 and is downtrending. It has underperformed by 54.53% the S&P500.

Among 14 analysts covering Align Technology (NASDAQ:ALGN), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. Align Technology had 55 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, November 28 by Stifel Nicolaus. Jefferies maintained the shares of ALGN in report on Wednesday, September 13 with “Buy” rating. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, November 28 report. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, October 23 report. The firm earned “Outperform” rating on Wednesday, January 31 by Leerink Swann. Leerink Swann initiated Align Technology, Inc. (NASDAQ:ALGN) on Friday, September 11 with “Outperform” rating. The company was downgraded on Friday, January 19 by Stephens. Robert W. Baird maintained Align Technology, Inc. (NASDAQ:ALGN) rating on Wednesday, October 18. Robert W. Baird has “Buy” rating and $208.0 target. Robert W. Baird maintained Align Technology, Inc. (NASDAQ:ALGN) on Monday, September 11 with “Buy” rating. Stifel Nicolaus maintained the shares of ALGN in report on Friday, January 29 with “Buy” rating.

Since February 2, 2018, it had 1 buying transaction, and 1 insider sale for $11.56 million activity. HOGAN JOSEPH M bought $350,445 worth of stock or 1,500 shares.

First Republic Investment Management Inc, which manages about $25.99B and $15.18 billion US Long portfolio, decreased its stake in Magellan Midstream Prtnrs Lp (NYSE:MMP) by 7,851 shares to 21,469 shares, valued at $1.52M in 2017Q4, according to the filing. It also reduced its holding in Accelerate Diagnostics Inc (NASDAQ:AXDX) by 60,000 shares in the quarter, leaving it with 608,600 shares, and cut its stake in Pbf Energy Inc (NYSE:PBF).

Investors sentiment is 0.93 in Q4 2017. Its the same as in 2017Q3. It is the same, as 37 investors sold ALGN shares while 216 reduced holdings. only 100 funds opened positions while 136 raised stakes. 60.90 million shares or 3.22% less from 62.92 million shares in 2017Q3 were reported. Strs Ohio has invested 0.14% in Align Technology, Inc. (NASDAQ:ALGN). Ballentine Ltd Liability Com has 0.01% invested in Align Technology, Inc. (NASDAQ:ALGN) for 922 shares. Comml Bank Of Montreal Can, a Ontario – Canada-based fund reported 129,869 shares. Asset Management Inc holds 0.16% in Align Technology, Inc. (NASDAQ:ALGN) or 42,865 shares. State Treasurer State Of Michigan reported 21,200 shares. Lpl Fin Lc holds 12,228 shares. First Tru Advsr Lp holds 221,827 shares or 0.12% of its portfolio. Principal Grp Inc Inc has 114,473 shares. Jane Street Group Limited holds 0.01% in Align Technology, Inc. (NASDAQ:ALGN) or 9,651 shares. Aqr Mngmt Limited Liability reported 130,895 shares. Peloton Wealth Strategists invested 2.42% in Align Technology, Inc. (NASDAQ:ALGN). Moreover, Dupont Capital Mgmt has 0.01% invested in Align Technology, Inc. (NASDAQ:ALGN). Polen Cap Mgmt Ltd Limited Liability Company has 4.33% invested in Align Technology, Inc. (NASDAQ:ALGN) for 2.62 million shares. Jennison Limited Liability Company has invested 0.08% in Align Technology, Inc. (NASDAQ:ALGN). Los Angeles Cap Management And Equity Research has invested 0.18% in Align Technology, Inc. (NASDAQ:ALGN).

Among 13 analysts covering Veeco Instruments (NASDAQ:VECO), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Veeco Instruments had 31 analyst reports since August 5, 2015 according to SRatingsIntel. UBS maintained it with “Buy” rating and $24.50 target in Thursday, October 6 report. The company was upgraded on Tuesday, June 13 by JP Morgan. KeyBanc Capital Markets maintained Veeco Instruments Inc. (NASDAQ:VECO) rating on Thursday, October 12. KeyBanc Capital Markets has “Buy” rating and $31.0 target. The company was upgraded on Friday, February 10 by Bank of America. As per Wednesday, January 11, the company rating was maintained by Benchmark. The stock of Veeco Instruments Inc. (NASDAQ:VECO) earned “Overweight” rating by Pacific Crest on Friday, May 13. The firm has “Buy” rating by Benchmark given on Friday, December 8. The rating was maintained by Benchmark on Thursday, October 29 with “Buy”. The rating was maintained by Benchmark with “Buy” on Friday, November 3. The stock of Veeco Instruments Inc. (NASDAQ:VECO) has “Hold” rating given on Thursday, August 3 by Oppenheimer.

Veeco Instruments Inc. (NASDAQ:VECO) Institutional Positions Chart

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