Barclays PLC Raises Position in FARO Technologies, Inc. (NASDAQ:FARO)

Barclays PLC lifted its stake in FARO Technologies, Inc. (NASDAQ:FARO) by 41.4% in the 3rd quarter, HoldingsChannel reports. 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’s holdings in FARO Technologies were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FARO. Divisar Capital Management LLC lifted its position in shares of FARO Technologies by 5.1% during the 2nd quarter. Divisar Capital Management LLC now owns 1,838,777 shares of the scientific and technical instruments company’s stock valued at $29,420,000 after buying an additional 90,000 shares in the last quarter. Royce & Associates LP raised its stake in FARO Technologies by 20.0% during the 3rd quarter. Royce & Associates LP now owns 1,409,031 shares of the scientific and technical instruments company’s stock worth $26,969,000 after acquiring an additional 234,650 shares during the period. Needham Investment Management LLC lifted its holdings in FARO Technologies by 20.0% during the third 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 purchasing an additional 171,300 shares in the last quarter. Harvey Partners LLC boosted its position in shares of FARO Technologies by 17.8% in the third quarter. Harvey Partners LLC now owns 1,006,000 shares of the scientific and technical instruments company’s stock worth $19,255,000 after purchasing an additional 152,000 shares during the period. Finally, Polar Asset Management Partners Inc. increased its stake in shares of 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 worth $12,954,000 after purchasing an additional 2,700 shares in the last quarter. 97.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

FARO Technologies Price Performance

FARO Technologies stock opened at $24.56 on Tuesday. FARO Technologies, Inc. has a 52-week low of $13.52 and a 52-week high of $29.30. The company has a market cap of $464.60 million, a price-to-earnings ratio of -70.17 and a beta of 1.38. The firm’s fifty day moving average is $25.87 and its 200 day moving average is $20.23. The company has a quick ratio of 1.83, a current ratio of 2.17 and a debt-to-equity ratio of 0.27.

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.