Barclays PLC Buys 17,892 Shares of FARO Technologies, Inc. (NASDAQ:FARO)

Barclays PLC grew its stake in FARO Technologies, Inc. (NASDAQ:FARO) by 41.4% during the third quarter, HoldingsChannel reports. The fund owned 61,125 shares of the scientific and technical instruments company’s stock after acquiring an additional 17,892 shares during the quarter. Barclays PLC’s holdings in FARO Technologies were worth $1,171,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Divisar Capital Management LLC boosted its holdings in shares of FARO Technologies by 5.1% in 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 lifted its position in FARO Technologies by 20.0% during the third quarter. Royce & Associates LP now owns 1,409,031 shares of the scientific and technical instruments company’s stock valued at $26,969,000 after acquiring an additional 234,650 shares during the last quarter. Needham Investment Management LLC boosted its stake in FARO Technologies by 20.0% in 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 acquiring an additional 171,300 shares in the last quarter. Harvey Partners LLC grew its holdings in 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 last quarter. Finally, Polar Asset Management Partners Inc. increased its position in shares of FARO Technologies by 0.4% during 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.

Analyst Upgrades and Downgrades

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

FARO Technologies Stock Down 0.8 %

Shares of FARO opened at $25.66 on Monday. The stock’s 50-day moving average price is $24.30 and its 200-day moving average price is $19.56. 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 capitalization of $485.41 million, a price-to-earnings ratio of -73.31 and a beta of 1.38. FARO Technologies, Inc. has a 52 week low of $13.52 and a 52 week high of $29.30.

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.