Jacobs Levy Equity Management Inc. Sells 78,750 Shares of FARO Technologies, Inc. (NASDAQ:FARO)

Jacobs Levy Equity Management Inc. lessened its stake in shares of FARO Technologies, Inc. (NASDAQ:FARO - Free Report) by 21.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 293,066 shares of the scientific and technical instruments company's stock after selling 78,750 shares during the period. Jacobs Levy Equity Management Inc. owned 1.55% of FARO Technologies worth $5,609,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Quarry LP increased its holdings in shares of FARO Technologies by 912.2% during the second quarter. Quarry LP now owns 1,832 shares of the scientific and technical instruments company's stock valued at $29,000 after acquiring an additional 1,651 shares in the last quarter. CWM LLC grew its position in FARO Technologies by 343.6% in the 2nd quarter. CWM LLC now owns 2,360 shares of the scientific and technical instruments company's stock valued at $38,000 after purchasing an additional 1,828 shares during the period. SG Americas Securities LLC bought a new stake in FARO Technologies during the 3rd quarter valued at $141,000. Dynamic Technology Lab Private Ltd acquired a new position in FARO Technologies during the third quarter worth $213,000. Finally, American Century Companies Inc. lifted its stake in shares of FARO Technologies by 16.7% in the second quarter. American Century Companies Inc. now owns 20,903 shares of the scientific and technical instruments company's stock valued at $334,000 after buying an additional 2,993 shares in the last quarter. 97.19% of the stock is owned by institutional investors.

FARO Technologies Stock Performance

FARO traded up $0.27 during mid-day trading on Friday, reaching $26.71. 75,849 shares of the stock were exchanged, compared to its average volume of 198,942. FARO Technologies, Inc. has a 1 year low of $13.52 and a 1 year high of $28.04. 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 company has a 50 day moving average price of $21.75 and a two-hundred day moving average price of $18.69.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. StockNews.com raised shares of FARO Technologies from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 12th. Needham & Company LLC boosted their price objective on FARO Technologies from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, Craig Hallum increased their price objective on FARO Technologies from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th.

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.