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

Barclays PLC grew its holdings in shares of FARO Technologies, Inc. (NASDAQ:FARO) by 41.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,125 shares of the scientific and technical instruments company’s stock after acquiring an additional 17,892 shares during the quarter. Barclays PLC owned 0.32% of FARO Technologies worth $1,171,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC lifted its stake in shares of FARO Technologies by 41.0% in the 3rd quarter. CWM LLC now owns 3,328 shares of the scientific and technical instruments company’s stock valued at $64,000 after acquiring an additional 968 shares during the last quarter. Quarry LP increased its stake in FARO Technologies by 912.2% in the 2nd quarter. Quarry LP now owns 1,832 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 1,651 shares during the period. Polar Asset Management Partners Inc. lifted its position in FARO Technologies by 0.4% in the third quarter. Polar Asset Management Partners Inc. now owns 676,796 shares of the scientific and technical instruments company’s stock valued at $12,954,000 after purchasing an additional 2,700 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of 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 purchasing an additional 2,993 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of FARO Technologies by 5.8% in the second quarter. Bank of New York Mellon Corp now owns 76,337 shares of the scientific and technical instruments company’s stock worth $1,221,000 after purchasing an additional 4,174 shares during the last quarter. 97.19% of the stock is currently owned by institutional investors.

FARO Technologies Stock Down 2.8 %

NASDAQ:FARO opened at $24.56 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.83 and a current ratio of 2.17. The firm has a market cap of $464.60 million, a P/E ratio of -70.17 and a beta of 1.38. FARO Technologies, Inc. has a fifty-two week low of $13.52 and a fifty-two week high of $29.30. The firm has a 50-day simple moving average of $25.87 and a two-hundred day simple moving average of $20.23.

Wall Street Analysts Forecast Growth

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

FARO Technologies Company 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.