OMERS ADMINISTRATION Corp purchased a new stake in shares of Novadaq Technologies Inc (NASDAQ:NVDQ) (TSE:NDQ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 343,900 shares of the medical research company’s stock, valued at approximately $4,031,000. OMERS ADMINISTRATION Corp owned about 0.59% of Novadaq Technologies at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NVDQ. FMR LLC increased its position in shares of Novadaq Technologies by 30.5% in the first quarter. FMR LLC now owns 3,107,271 shares of the medical research company’s stock valued at $24,206,000 after buying an additional 726,288 shares during the period. Elk Creek Partners LLC increased its position in shares of Novadaq Technologies by 6.9% in the first quarter. Elk Creek Partners LLC now owns 2,703,682 shares of the medical research company’s stock valued at $21,062,000 after buying an additional 174,499 shares during the period. Clearbridge Investments LLC increased its position in shares of Novadaq Technologies by 0.4% in the first quarter. Clearbridge Investments LLC now owns 2,554,843 shares of the medical research company’s stock valued at $19,902,000 after buying an additional 9,371 shares during the period. OppenheimerFunds Inc. bought a new position in shares of Novadaq Technologies during the first quarter valued at approximately $13,900,000. Finally, AXA increased its position in shares of Novadaq Technologies by 8.2% in the first quarter. AXA now owns 1,160,732 shares of the medical research company’s stock valued at $9,042,000 after buying an additional 88,378 shares during the period. Institutional investors own 75.38% of the company’s stock.

Shares of Novadaq Technologies Inc (NASDAQ NVDQ) opened at 11.74 on Tuesday. The firm’s market cap is $678.83 million. Novadaq Technologies Inc has a 52 week low of $5.84 and a 52 week high of $12.74. The stock has a 50 day moving average of $11.68 and a 200 day moving average of $8.79.

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Several equities analysts have commented on NVDQ shares. First Analysis downgraded Novadaq Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 20th. Royal Bank Of Canada downgraded Novadaq Technologies from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $12.00 to $11.75 in a report on Thursday, July 13th. Canaccord Genuity reiterated a “buy” rating and set a $10.00 price target on shares of Novadaq Technologies in a report on Monday, June 19th. JMP Securities reiterated a “market perform” rating on shares of Novadaq Technologies in a report on Thursday, July 13th. Finally, Scotiabank reiterated an “outperform” rating and set a $18.00 price target on shares of Novadaq Technologies in a report on Thursday, May 4th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.86.

About Novadaq Technologies

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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