Novadaq Technologies Inc. (NVDQ) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in shares of Novadaq Technologies Inc. (NASDAQ:NVDQ) (TSE:NDQ) by 20.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 11,737 shares of the medical research company’s stock after selling 3,027 shares during the period. PNC Financial Services Group Inc.’s holdings in Novadaq Technologies were worth $137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in Novadaq Technologies by 14.7% in the 1st quarter. Bank of New York Mellon Corp now owns 73,875 shares of the medical research company’s stock valued at $576,000 after acquiring an additional 9,454 shares in the last quarter. FMR LLC raised 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 valued at $24,206,000 after acquiring an additional 726,288 shares in the last quarter. UBS Group AG raised its holdings in Novadaq Technologies by 5.6% in the 1st quarter. UBS Group AG now owns 220,191 shares of the medical research company’s stock valued at $1,715,000 after acquiring an additional 11,716 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Novadaq Technologies in the 1st quarter valued at approximately $410,000. Finally, Bank of America Corp DE raised its holdings in Novadaq Technologies by 31.6% in the 1st quarter. Bank of America Corp DE now owns 832,203 shares of the medical research company’s stock valued at $6,484,000 after acquiring an additional 199,936 shares in the last quarter. 75.38% of the stock is owned by institutional investors and hedge funds.

NVDQ has been the subject of several recent research reports. Royal Bank Of Canada cut Novadaq Technologies from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $12.00 to $11.75 in a report on Thursday, July 13th. JMP Securities reaffirmed a “market perform” rating on shares of Novadaq Technologies in a report on Thursday, July 13th. Zacks Investment Research cut Novadaq Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Canaccord Genuity reaffirmed a “hold” rating and issued a $11.75 price target on shares of Novadaq Technologies in a report on Friday, September 1st. Finally, BidaskClub raised 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 issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $11.86.

Shares of Novadaq Technologies Inc. (NASDAQ NVDQ) opened at 11.75 on Monday. The stock has a 50 day moving average price of $11.68 and a 200 day moving average price of $9.03. Novadaq Technologies Inc. has a 1-year low of $5.84 and a 1-year high of $12.74. The company’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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