Novanta Inc. $NOVT Shares Acquired by Handelsbanken Fonder AB
Handelsbanken Fonder AB significantly increased its stake in Novanta Inc. (NASDAQ:NOVT) by 92.1% during the fourth quarter, now owning 175,888 shares valued at $20.93 million. Other institutional investors like AQR Capital Management, Goldman Sachs Group Inc., and Jane Street Group LLC also adjusted their positions in the technology company. Despite some insider selling, the company's stock is currently trading up 4.1% and analysts maintain a "Hold" rating with a consensus target price of $173.00.