Victory Capital Management Inc. Has $14.83 Million Holdings in Novanta Inc. $NOVT

Victory Capital Management Inc. raised its stake in Novanta Inc. (NASDAQ:NOVT) by 4.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 148,113 shares of the technology company’s stock after buying an additional 6,426 shares during the period. Victory Capital Management Inc.’s holdings in Novanta were worth $14,834,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOVT. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Novanta during the 3rd quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Novanta in the 3rd quarter valued at approximately $40,000. Harbor Investment Advisory LLC boosted its stake in Novanta by 47.1% during the 3rd quarter. Harbor Investment Advisory LLC now owns 987 shares of the technology company’s stock worth $99,000 after acquiring an additional 316 shares during the last quarter. Inceptionr LLC acquired a new position in Novanta during the second quarter valued at approximately $213,000. Finally, Blueshift Asset Management LLC acquired a new position in Novanta during the second quarter valued at approximately $213,000. Institutional investors own 98.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NOVT. Weiss Ratings upgraded shares of Novanta from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, January 20th. Zacks Research upgraded shares of Novanta from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Robert W. Baird set a $150.00 price objective on Novanta in a research note on Wednesday, February 25th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $150.00.

Insiders Place Their Bets

In other Novanta news, CFO Robert Buckley sold 1,423 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $140.88, for a total transaction of $200,472.24. Following the completion of the transaction, the chief financial officer owned 93,814 shares in the company, valued at approximately $13,216,516.32. This represents a 1.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthijs Glastra sold 7,500 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $145.04, for a total value of $1,087,800.00. Following the transaction, the chief executive officer directly owned 57,367 shares of the company’s stock, valued at $8,320,509.68. This represents a 11.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 24,346 shares of company stock valued at $3,382,737. Company insiders own 1.20% of the company’s stock.

Novanta Price Performance

NASDAQ NOVT opened at $123.14 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.80 and a current ratio of 3.69. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 84.34 and a beta of 1.61. The business has a 50 day simple moving average of $135.02 and a 200 day simple moving average of $121.13. Novanta Inc. has a 52-week low of $98.27 and a 52-week high of $149.95.

Novanta (NASDAQ:NOVT) last announced its quarterly earnings results on Monday, February 23rd. The technology company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Novanta had a net margin of 5.49% and a return on equity of 13.12%. The firm had revenue of $258.35 million for the quarter, compared to analyst estimates of $260.72 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Novanta has set its FY 2026 guidance at 3.500-3.650 EPS and its Q1 2026 guidance at 0.750-0.800 EPS. Analysts anticipate that Novanta Inc. will post 3.03 earnings per share for the current fiscal 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.