Barclays PLC Buys 17,892 Shares of FARO Technologies, Inc. (NASDAQ:FARO)

Barclays PLC boosted its position in shares of FARO Technologies, Inc. (NASDAQ:FARO) by 41.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,125 shares of the scientific and technical instruments company’s stock after acquiring an additional 17,892 shares during the period. Barclays PLC owned 0.32% of FARO Technologies worth $1,171,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Quarry LP raised its stake in FARO Technologies by 912.2% during the 2nd quarter. Quarry LP now owns 1,832 shares of the scientific and technical instruments company’s stock valued at $29,000 after purchasing an additional 1,651 shares during the period. CWM LLC raised its position in shares of FARO Technologies by 41.0% during the third quarter. CWM LLC now owns 3,328 shares of the scientific and technical instruments company’s stock valued at $64,000 after buying an additional 968 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of FARO Technologies in the third quarter worth $141,000. Dynamic Technology Lab Private Ltd bought a new position in shares of FARO Technologies during the third quarter worth $213,000. Finally, American Century Companies Inc. grew its stake in FARO Technologies by 16.7% during the second quarter. American Century Companies Inc. now owns 20,903 shares of the scientific and technical instruments company’s stock valued at $334,000 after acquiring an additional 2,993 shares in the last quarter. Hedge funds and other institutional investors own 97.19% of the company’s stock.

FARO Technologies Stock Performance

FARO stock opened at $25.66 on Monday. FARO Technologies, Inc. has a twelve month low of $13.52 and a twelve month high of $29.30. The firm has a market cap of $485.41 million, a price-to-earnings ratio of -73.31 and a beta of 1.38. The business’s fifty day simple moving average is $24.30 and its two-hundred day simple moving average is $19.56. The company has a quick ratio of 1.83, a current ratio of 2.17 and a debt-to-equity ratio of 0.27.

Analysts Set New Price Targets

FARO has been the subject of a number of recent research reports. StockNews.com raised shares of FARO Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Craig Hallum lifted their price objective on shares of FARO Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Needham & Company LLC boosted their target price on shares of FARO Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

FARO Technologies Profile

FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions worldwide. The company 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 position components; FARO Laser Scanning Portfolio to measure and collect a cloud of data points for 3D rendering of an object or area; and FARO Mobile Laser Portfolio provides 3D scanning while attached to other mobile devices, such as drones for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications.