Intech Investment Management LLC Makes New $278,000 Investment in FARO Technologies, Inc. (NASDAQ:FARO)

Intech Investment Management LLC acquired a new stake in shares of FARO Technologies, Inc. (NASDAQ:FARO - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,968 shares of the scientific and technical instruments company's stock, valued at approximately $278,000. Intech Investment Management LLC owned approximately 0.06% of FARO Technologies as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in FARO Technologies by 13.1% during the 4th quarter. SG Americas Securities LLC now owns 8,345 shares of the scientific and technical instruments company's stock valued at $212,000 after acquiring an additional 966 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of FARO Technologies during the 3rd quarter worth $213,000. Inceptionr LLC bought a new stake in FARO Technologies during the fourth quarter valued at about $306,000. Range Financial Group LLC purchased a new position in FARO Technologies in the fourth quarter valued at about $374,000. Finally, Tectonic Advisors LLC bought a new position in FARO Technologies in the fourth quarter worth about $536,000. 97.19% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FARO Technologies

In other news, CFO Matthew Horwath sold 1,480 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $29.30, for a total value of $43,364.00. Following the completion of the transaction, the chief financial officer now directly owns 39,430 shares in the company, valued at $1,155,299. This trade represents a 3.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Yuval Wasserman sold 5,658 shares of FARO Technologies stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $31.35, for a total value of $177,378.30. Following the sale, the director now directly owns 153,512 shares of the company's stock, valued at $4,812,601.20. This trade represents a 3.55 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,755 shares of company stock worth $356,020. Company insiders own 2.10% of the company's stock.

FARO Technologies Stock Down 3.3 %

NASDAQ FARO traded down $0.93 during trading on Friday, hitting $27.49. The company's stock had a trading volume of 173,829 shares, compared to its average volume of 174,298. FARO Technologies, Inc. has a fifty-two week low of $13.52 and a fifty-two week high of $33.13. The company has a market cap of $521.82 million, a PE ratio of -78.54 and a beta of 1.55. 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 business's 50 day simple moving average is $29.79 and its 200-day simple moving average is $25.33.

FARO Technologies (NASDAQ:FARO - Get Free Report) last released its earnings results on Monday, February 24th. The scientific and technical instruments company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.10. The company had revenue of $93.54 million during the quarter, compared to analysts' expectations of $91.40 million. FARO Technologies had a negative net margin of 1.87% and a negative return on equity of 2.49%. During the same period last year, the business earned $0.36 EPS.

Analyst Ratings Changes

FARO has been the topic of a number of recent analyst reports. Needham & Company LLC raised their price target on shares of FARO Technologies from $34.00 to $37.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. StockNews.com downgraded shares of FARO Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 16th. 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 report on Thursday, December 12th.

FARO Technologies 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.