Nationwide Financial institution of Canada FI elevated its place within the San Jose-based dental producer Align Know-how, Inc. by 25.7% throughout the third quarter, as acknowledged in its most up-to-date Kind 13F submitting with the Securities and Alternate Fee (SEC). The agency bought an extra 8,338 shares throughout the quarter, bringing its complete holdings to 40,826 shares. On the finish of the latest quarter, Nationwide Financial institution of Canada FI owned roughly 0.05% of Align Know-how, valued at $10,383,000.
In October, Ashburton Jersey Ltd., primarily based within the Channel Islands, grew to become the most recent main investor to amass a stake in Align Know-how. The corporate is well known for its orthodontic options, significantly the Invisalign clear aligner system.
Align Know-how reported its Q2 2024 monetary outcomes earlier this yr, highlighting complete revenues of $1.03 billion, which represents a sequential enhance of three.1% and a year-over-year enhance of two.6%. The clear aligner enterprise was a major contributor to this progress, with 642,700 circumstances shipped—up 6.2% sequentially and three.2% year-over-year.
Moreover, clear aligner quantity for teenagers noticed a notable enhance, rising 8.8% sequentially and eight.0% year-over-year, with 216,700 circumstances shipped throughout the quarter.
