Janus Henderson Group PLC Reduces Stock Holdings in Novanta Inc. $NOVT

Janus Henderson Group PLC cut its stake in shares of Novanta Inc. (NASDAQ:NOVT) by 10.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 265,654 shares of the technology company’s stock after selling 31,544 shares during the period. Janus Henderson Group PLC’s holdings in Novanta were worth $31,377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Danske Bank A S acquired a new stake in Novanta in the third quarter valued at approximately $40,000. Allworth Financial LP lifted its position in shares of 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 in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of 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 in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of Novanta in the fourth quarter valued at $53,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Novanta by 1,291.4% in the fourth quarter. Farther Finance Advisors LLC now owns 487 shares of the technology company’s stock valued at $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.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Robert W. Baird set a $180.00 price target on shares of Novanta in a research note on Tuesday, June 9th. Wall Street Zen cut shares of Novanta from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Novanta in a research note on Wednesday, July 15th. One 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, the company has an average rating of “Hold” and an average price target of $180.00.

Insiders Place Their Bets

In other news, CEO Matthijs Glastra sold 7,500 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $150.43, for a total value of $1,128,225.00. Following the completion of the sale, the chief executive officer owned 42,761 shares of the company’s stock, valued at approximately $6,432,537.23. The trade was a 14.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by corporate insiders.

Novanta Stock Performance

Novanta stock opened at $142.55 on Monday. Novanta Inc. has a 52 week low of $98.27 and a 52 week high of $171.85. The company has a current ratio of 3.56, a quick ratio of 2.69 and a debt-to-equity ratio of 0.15. The stock has a market cap of $5.38 billion, a P/E ratio of 103.30 and a beta of 1.68. The stock has a 50 day moving average of $154.33 and a 200-day moving average of $140.76.

Novanta (NASDAQ:NOVT) last issued 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. The business had revenue of $257.71 million during the quarter, compared to analyst estimates of $253.40 million. Novanta had a net margin of 5.35% and a return on equity of 12.06%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. On average, analysts expect that Novanta Inc. will post 3.59 EPS for the current fiscal year.

About Novanta

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.