Barclays PLC grew its stake in shares of FARO Technologies, Inc. (NASDAQ:FARO – Free Report) by 25.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,554 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,957 shares during the period. Barclays PLC owned about 0.05% of FARO Technologies worth $146,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Assenagon Asset Management S.A. lifted its holdings in shares of FARO Technologies by 31.4% during the third quarter. Assenagon Asset Management S.A. now owns 152,744 shares of the scientific and technical instruments company’s stock valued at $2,326,000 after purchasing an additional 36,532 shares during the last quarter. ARK Investment Management LLC lifted its stake in FARO Technologies by 21.2% in the 3rd quarter. ARK Investment Management LLC now owns 321,323 shares of the scientific and technical instruments company’s stock worth $4,894,000 after acquiring an additional 56,288 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in FARO Technologies by 2.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 466,148 shares of the scientific and technical instruments company’s stock worth $7,099,000 after acquiring an additional 11,376 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of FARO Technologies by 10.4% during the 2nd quarter. Alliancebernstein L.P. now owns 25,232 shares of the scientific and technical instruments company’s stock worth $409,000 after purchasing an additional 2,373 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of FARO Technologies by 34.7% during the 2nd quarter. Wells Fargo & Company MN now owns 8,625 shares of the scientific and technical instruments company’s stock worth $140,000 after purchasing an additional 2,220 shares in the last quarter. 96.56% of the stock is owned by hedge funds and other institutional investors.
FARO Technologies Stock Down 1.7 %
FARO opened at $22.01 on Friday. The business has a 50 day moving average price of $22.00 and a 200 day moving average price of $18.33. FARO Technologies, Inc. has a twelve month low of $10.30 and a twelve month high of $27.65. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.95 and a current ratio of 2.31. The firm has a market cap of $417.18 million, a P/E ratio of -7.37 and a beta of 1.43.
Analysts Set New Price Targets
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FARO Technologies Company Profile
FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions in North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific. It offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to quickly and accurate position components; and FARO Laser Scanning Portfolio to measure and collect a cloud of data points.
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