Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Novadaq Technologies Inc (NASDAQ:NVDQ) (TSE:NDQ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 369,143 shares of the medical research company’s stock, valued at approximately $4,326,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.64% of Novadaq Technologies at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NVDQ. OppenheimerFunds Inc. acquired a new stake in Novadaq Technologies in the 1st quarter worth about $13,900,000. FMR LLC boosted its holdings in Novadaq Technologies by 30.5% in the 1st quarter. FMR LLC now owns 3,107,271 shares of the medical research company’s stock worth $24,206,000 after buying an additional 726,288 shares during the last quarter. Royce & Associates LP boosted its holdings in Novadaq Technologies by 229.0% in the 1st quarter. Royce & Associates LP now owns 603,400 shares of the medical research company’s stock worth $4,700,000 after buying an additional 420,000 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Novadaq Technologies in the 2nd quarter worth about $4,031,000. Finally, Longfellow Investment Management Co. LLC acquired a new stake in Novadaq Technologies in the 2nd quarter worth about $3,941,000. Institutional investors own 75.38% of the company’s stock.

NVDQ has been the topic of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $10.00 price objective on shares of Novadaq Technologies in a report on Friday, June 2nd. Zacks Investment Research upgraded Novadaq Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Canaccord Genuity cut Novadaq Technologies from a “buy” rating to a “hold” rating and set a $11.75 price objective on the stock. in a report on Monday, July 10th. Northland Securities reiterated a “hold” rating and issued a $11.75 price objective on shares of Novadaq Technologies in a report on Monday, August 14th. Finally, BidaskClub upgraded Novadaq Technologies from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $11.86.

Novadaq Technologies Inc (NASDAQ NVDQ) opened at 11.75 on Tuesday. The stock’s 50 day moving average price is $11.68 and its 200 day moving average price is $8.98. Novadaq Technologies Inc has a one year low of $5.84 and a one year high of $12.74. The firm’s market capitalization is $679.41 million.

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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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