US Bancorp DE reduced its position in shares of Novadaq Technologies Inc (NASDAQ:NVDQ) (TSE:NDQ) by 10.9% during the second quarter, Holdings Channel reports. The fund owned 41,770 shares of the medical research company’s stock after selling 5,129 shares during the period. US Bancorp DE’s holdings in Novadaq Technologies were worth $489,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Quantitative Systematic Strategies LLC acquired a new position in shares of Novadaq Technologies during the first quarter worth about $169,000. Granite Investment Partners LLC raised its position in shares of Novadaq Technologies by 164.0% in the first quarter. Granite Investment Partners LLC now owns 462,676 shares of the medical research company’s stock worth $3,605,000 after buying an additional 287,392 shares during the last quarter. OLD National Bancorp IN raised its position in shares of Novadaq Technologies by 22.3% in the first quarter. OLD National Bancorp IN now owns 62,266 shares of the medical research company’s stock worth $485,000 after buying an additional 11,360 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Novadaq Technologies by 14.7% in the first quarter. Bank of New York Mellon Corp now owns 73,875 shares of the medical research company’s stock worth $576,000 after buying an additional 9,454 shares during the last quarter. Finally, OppenheimerFunds Inc. acquired a new position in shares of Novadaq Technologies during the first quarter worth about $13,900,000. 86.47% of the stock is currently owned by institutional investors.

Novadaq Technologies Inc (NVDQ) traded up 0.17% during midday trading on Thursday, hitting $11.59. The company had a trading volume of 782,774 shares. Novadaq Technologies Inc has a one year low of $5.84 and a one year high of $12.74. The company’s market cap is $670.16 million. The company’s 50 day moving average is $11.70 and its 200-day moving average is $8.55.

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A number of equities analysts have issued reports on NVDQ shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $10.00 target price on shares of Novadaq Technologies in a research report on Friday, June 2nd. Scotiabank reaffirmed an “outperform” rating and issued a $18.00 target price on shares of Novadaq Technologies in a research report on Wednesday, April 26th. Zacks Investment Research raised Novadaq Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Canaccord Genuity lowered Novadaq Technologies from a “buy” rating to a “hold” rating and set a $11.75 target price on the stock. in a research report on Monday, July 10th. Finally, Northland Securities reaffirmed a “hold” rating and issued a $11.75 target price on shares of Novadaq Technologies in a research report on Monday, June 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. Novadaq Technologies presently has an average rating of “Hold” and an average target price of $11.86.

Novadaq Technologies Company Profile

NOVADAQ Technologies Inc is a medical device company. The Company primarily develops, manufactures and markets real-time fluorescence imaging products that are designed for use by surgeons in the operating room and other clinical settings where open and minimally invasive surgery or interventional procedures are performed.

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Institutional Ownership by Quarter for Novadaq Technologies (NASDAQ:NVDQ)

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