426,244 Shares in Novanta Inc. $NOVT Bought by Norges Bank

Norges Bank bought a new position in shares of Novanta Inc. (NASDAQ:NOVT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 426,244 shares of the technology company’s stock, valued at approximately $50,719,000.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in Novanta by 978.4% during the fourth quarter. Allworth Financial LP now owns 399 shares of the technology company’s stock worth $47,000 after purchasing an additional 362 shares during the last quarter. Danske Bank A S acquired a new position in Novanta during the third quarter worth $40,000. EverSource Wealth Advisors LLC boosted its holdings in Novanta by 120.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 427 shares of the technology company’s stock worth $51,000 after purchasing an additional 233 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in Novanta during the fourth quarter worth $53,000. Finally, Farther Finance Advisors LLC boosted its holdings in Novanta by 1,291.4% during 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 last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on NOVT shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Novanta in a research note on Friday, April 17th. Wall Street Zen cut shares of Novanta from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, Robert W. Baird increased their price target 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. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $173.00.

Insiders Place Their Bets

In other Novanta news, CFO Robert Buckley sold 9,957 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $116.77, for a total value of $1,162,678.89. Following the completion of the sale, the chief financial officer owned 96,616 shares in the company, valued at $11,281,850.32. This trade represents a 9.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthijs Glastra sold 7,500 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 42,761 shares in the company, valued at $6,432,537.23. The trade was a 14.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 valued at $3,136,229. Corporate insiders own 1.20% of the company’s stock.

Novanta Stock Performance

Shares of NOVT stock opened at $156.29 on Monday. The stock has a market cap of $5.57 billion, a P/E ratio of 113.25 and a beta of 1.68. 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 fifty day moving average price of $138.68 and a two-hundred day moving average price of $130.82. Novanta Inc. has a one year low of $98.27 and a one year high of $171.85.

Novanta (NASDAQ:NOVT) last announced its quarterly earnings results on Monday, May 11th. The technology company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. The firm had revenue of $257.71 million during the quarter, compared to analysts’ expectations of $253.40 million. Novanta had a net margin of 5.35% and a return on equity of 12.06%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 earnings per share. 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 predict that Novanta Inc. will post 3.59 EPS for the current year.

Novanta Company 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.