XTX Topco Ltd Has $252,000 Holdings in FARO Technologies, Inc. (NASDAQ:FARO)

XTX Topco Ltd cut its stake in shares of FARO Technologies, Inc. (NASDAQ:FARO) by 32.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 15,760 shares of the scientific and technical instruments company’s stock after selling 7,513 shares during the quarter. XTX Topco Ltd’s holdings in FARO Technologies were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of FARO Technologies by 4.2% during the first quarter. Vanguard Group Inc. now owns 1,589,519 shares of the scientific and technical instruments company’s stock worth $34,191,000 after purchasing an additional 64,095 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of FARO Technologies by 10.8% during the second quarter. Dimensional Fund Advisors LP now owns 604,432 shares of the scientific and technical instruments company’s stock worth $9,671,000 after purchasing an additional 59,142 shares during the period. Pinnacle Associates Ltd. increased its holdings in shares of FARO Technologies by 6.0% during the first quarter. Pinnacle Associates Ltd. now owns 523,118 shares of the scientific and technical instruments company’s stock worth $11,252,000 after purchasing an additional 29,394 shares during the period. Kennedy Capital Management LLC increased its holdings in shares of FARO Technologies by 105.1% during the first quarter. Kennedy Capital Management LLC now owns 437,589 shares of the scientific and technical instruments company’s stock worth $9,413,000 after purchasing an additional 224,273 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of FARO Technologies by 20.4% during the second quarter. Assenagon Asset Management S.A. now owns 339,506 shares of the scientific and technical instruments company’s stock worth $5,432,000 after purchasing an additional 57,493 shares during the period. 97.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FARO has been the topic of a number of recent analyst reports. Craig Hallum decreased their price objective on shares of FARO Technologies from $29.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Needham & Company LLC decreased their price objective on shares of FARO Technologies from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

FARO Technologies Stock Performance

NASDAQ FARO opened at $19.06 on Friday. The firm’s fifty day moving average price is $16.85 and its two-hundred day moving average price is $17.97. The stock has a market cap of $366.07 million, a PE ratio of -8.47 and a beta of 1.25. FARO Technologies, Inc. has a fifty-two week low of $12.34 and a fifty-two week high of $24.80. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.01 and a current ratio of 2.33.

FARO Technologies (NASDAQ:FARO) last posted its earnings results on Thursday, August 8th. The scientific and technical instruments company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.14. The firm had revenue of $82.09 million for the quarter. FARO Technologies had a negative net margin of 4.25% and a negative return on equity of 5.72%.

Insider Transactions at FARO Technologies

In other news, CEO Peter James Lau sold 5,435 shares of FARO Technologies stock in a transaction on Friday, September 6th. The shares were sold at an average price of $16.67, for a total transaction of $90,601.45. Following the transaction, the chief executive officer now owns 133,975 shares in the company, valued at $2,233,363.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.10% of the stock is owned by company insiders.

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.