Assenagon Asset Management S.A. trimmed its position in FARO Technologies, Inc. (NASDAQ:FARO - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 295,481 shares of the scientific and technical instruments company's stock after selling 26,534 shares during the period. Assenagon Asset Management S.A. owned about 1.56% of FARO Technologies worth $7,493,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Range Financial Group LLC purchased a new stake in FARO Technologies during the 4th quarter worth $374,000. Barclays PLC lifted its stake in shares of FARO Technologies by 41.4% during the third quarter. Barclays PLC now owns 61,125 shares of the scientific and technical instruments company's stock worth $1,171,000 after purchasing an additional 17,892 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of FARO Technologies by 4.4% in the third quarter. Geode Capital Management LLC now owns 450,899 shares of the scientific and technical instruments company's stock worth $8,633,000 after buying an additional 19,005 shares during the period. Polar Asset Management Partners Inc. grew 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 valued at $12,954,000 after buying an additional 2,700 shares in the last quarter. Finally, Needham Investment Management LLC raised its holdings 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 during the period. Hedge funds and other institutional investors own 97.19% of the company's stock.
Wall Street Analyst Weigh In
FARO has been the subject of a number of analyst reports. Craig Hallum upped their price target on FARO Technologies from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Needham & Company LLC raised their price target on shares of FARO Technologies from $26.00 to $34.00 and gave the company a "buy" rating in a report on Thursday. Finally, StockNews.com raised shares of FARO Technologies from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 12th.
Check Out Our Latest Stock Report on FARO
FARO Technologies Stock Down 3.1 %
Shares of FARO traded down $0.99 during trading on Monday, reaching $30.84. The company's stock had a trading volume of 386,434 shares, compared to its average volume of 132,502. FARO Technologies, Inc. has a twelve month low of $13.52 and a twelve month high of $32.50. The company has a quick ratio of 1.83, a current ratio of 2.17 and a debt-to-equity ratio of 0.27. The company has a market cap of $583.40 million, a price-to-earnings ratio of -88.11 and a beta of 1.38. The company has a fifty day moving average of $26.63 and a two-hundred day moving average of $20.69.
About FARO Technologies
(
Free Report)
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.
Read More
Before you consider FARO Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FARO Technologies wasn't on the list.
While FARO Technologies currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
