Intech Investment Management LLC Trims Holdings in Novanta Inc. $NOVT

Intech Investment Management LLC decreased its holdings in shares of Novanta Inc. (NASDAQ:NOVT) by 18.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,985 shares of the technology company’s stock after selling 3,457 shares during the period. Intech Investment Management LLC’s holdings in Novanta were worth $1,783,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Danske Bank A S purchased a new position in shares of Novanta during the 3rd quarter worth approximately $40,000. Allworth Financial LP lifted its stake in shares of Novanta by 978.4% in the 4th quarter. Allworth Financial LP now owns 399 shares of the technology company’s stock valued at $47,000 after purchasing an additional 362 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Novanta by 120.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 427 shares of the technology company’s stock valued at $51,000 after purchasing an additional 233 shares during the period. ANTIPODES PARTNERS Ltd bought a new stake in shares of Novanta during the fourth quarter valued at approximately $53,000. Finally, Farther Finance Advisors LLC grew its stake in Novanta by 1,291.4% in the fourth quarter. Farther Finance Advisors LLC now owns 487 shares of the technology company’s stock worth $58,000 after purchasing an additional 452 shares during the period. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NOVT shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Novanta in a research note on Friday, April 17th. Robert W. Baird raised their target price on shares of Novanta from $144.00 to $173.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen lowered shares of Novanta from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $173.00.

Insider Activity at Novanta

In other news, CFO Robert Buckley sold 9,957 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $116.77, for a total transaction of $1,162,678.89. Following the sale, the chief financial officer owned 96,616 shares in the company, valued at $11,281,850.32. This represents a 9.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthijs Glastra sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $150.43, for a total transaction of $1,128,225.00. Following the sale, the chief executive officer directly owned 42,761 shares of the company’s stock, valued at $6,432,537.23. This trade represents a 14.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 23,957 shares of company stock worth $3,136,229. Insiders own 1.20% of the company’s stock.

Novanta Price Performance

Shares of NASDAQ:NOVT opened at $165.10 on Friday. The business has a fifty day moving average price of $137.91 and a 200-day moving average price of $130.45. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.56 and a quick ratio of 2.69. The company has a market capitalization of $5.88 billion, a PE ratio of 119.64 and a beta of 1.68. Novanta Inc. has a 1-year low of $98.27 and a 1-year high of $171.85.

Novanta (NASDAQ:NOVT) last announced its quarterly earnings results on Monday, May 11th. The technology company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. Novanta had a net margin of 5.35% and a return on equity of 12.06%. The company had revenue of $257.71 million for the quarter, compared to analysts’ expectations of $253.40 million. During the same quarter in the previous year, the business posted $0.74 EPS. Novanta’s revenue was up 10.4% compared to the same quarter last year. Novanta has set its FY 2026 guidance at 3.500-3.650 EPS and its Q2 2026 guidance at 0.810-0.860 EPS. As a group, equities analysts expect that Novanta Inc. will post 3.59 EPS for the current fiscal year.

Novanta Profile

Novanta, Inc (NASDAQ: NOVT) is a global technology company that designs and manufactures precision components, subsystems and software used in advanced photonics and motion control applications. The company serves customers in the medical device and advanced industrial markets, supplying critical technologies for diagnostics and therapeutic systems, semiconductor and electronics manufacturing, and scientific instrumentation. Novanta’s product portfolio includes laser control modules, optics, beam delivery systems, high-precision motors, actuators, stages, and fluidics solutions designed to meet stringent accuracy and reliability requirements.

Novanta’s Photonics segment delivers laser and energy delivery components that enable minimally invasive surgical procedures and diagnostic imaging.