Jane Street Group LLC Sells 35,068 Shares of FARO Technologies, Inc. (NASDAQ:FARO)

Jane Street Group LLC reduced its holdings in shares of FARO Technologies, Inc. (NASDAQ:FARO) by 58.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,279 shares of the scientific and technical instruments company’s stock after selling 35,068 shares during the quarter. Jane Street Group LLC owned about 0.13% of FARO Technologies worth $484,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Polar Asset Management Partners Inc. lifted its stake in shares of FARO Technologies by 0.4% during the 3rd 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 buying an additional 2,700 shares in the last quarter. Needham Investment Management LLC lifted its stake in shares of FARO Technologies by 20.0% during the 3rd quarter. Needham Investment Management LLC now owns 1,029,250 shares of the scientific and technical instruments company’s stock valued at $19,700,000 after buying an additional 171,300 shares in the last quarter. Invenomic Capital Management LP lifted its stake in shares of FARO Technologies by 23.2% during the 3rd quarter. Invenomic Capital Management LP now owns 396,830 shares of the scientific and technical instruments company’s stock valued at $7,595,000 after buying an additional 74,631 shares in the last quarter. Harvey Partners LLC lifted its stake in shares of FARO Technologies by 17.8% during the 3rd quarter. Harvey Partners LLC now owns 1,006,000 shares of the scientific and technical instruments company’s stock valued at $19,255,000 after buying an additional 152,000 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of FARO Technologies during the 3rd quarter valued at approximately $213,000. 97.19% of the stock is currently owned by hedge funds and other institutional investors.

FARO Technologies Stock Performance

NASDAQ FARO opened at $26.54 on Tuesday. FARO Technologies, Inc. has a 1 year low of $13.52 and a 1 year high of $29.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.17 and a quick ratio of 1.83. The stock has a market capitalization of $502.06 million, a PE ratio of -75.83 and a beta of 1.38. The company’s 50 day simple moving average is $25.24 and its two-hundred day simple moving average is $19.96.

Analyst Ratings Changes

A number of brokerages recently commented on FARO. Needham & Company LLC upped their price target on shares of FARO Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Craig Hallum upped their price target on shares of FARO Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, StockNews.com upgraded shares of FARO Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

About FARO Technologies

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.