BNP Paribas Financial Markets Has $573,000 Stock Holdings in FARO Technologies, Inc. (NASDAQ:FARO)

BNP Paribas Financial Markets trimmed its position in shares of FARO Technologies, Inc. (NASDAQ:FARO) by 43.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 29,941 shares of the scientific and technical instruments company’s stock after selling 23,210 shares during the quarter. BNP Paribas Financial Markets’ holdings in FARO Technologies were worth $573,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of FARO Technologies by 343.6% during the second 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. Assenagon Asset Management S.A. increased its holdings in FARO Technologies by 20.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 339,506 shares of the scientific and technical instruments company’s stock valued at $5,432,000 after buying an additional 57,493 shares during the period. Bank of New York Mellon Corp increased its holdings in FARO Technologies by 5.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 76,337 shares of the scientific and technical instruments company’s stock valued at $1,221,000 after buying an additional 4,174 shares during the period. Acadian Asset Management LLC raised its stake in shares of FARO Technologies by 23.5% in the 2nd quarter. Acadian Asset Management LLC now owns 209,787 shares of the scientific and technical instruments company’s stock valued at $3,354,000 after buying an additional 39,905 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of FARO Technologies by 16.7% during the 2nd quarter. American Century Companies Inc. now owns 20,903 shares of the scientific and technical instruments company’s stock worth $334,000 after acquiring an additional 2,993 shares during the period. Institutional investors and hedge funds own 97.19% of the company’s stock.

FARO Technologies Stock Down 3.0 %

FARO opened at $27.35 on Friday. The firm has a market cap of $517.46 million, a price-to-earnings ratio of -78.14 and a beta of 1.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.83 and a current ratio of 2.17. The firm’s 50-day simple moving average is $22.67 and its 200-day simple moving average is $18.99. FARO Technologies, Inc. has a twelve month low of $13.52 and a twelve month high of $29.30.

Analysts Set New Price Targets

A number of research firms recently weighed in on FARO. StockNews.com raised shares of FARO Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Needham & Company LLC upped their price objective on FARO Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Craig Hallum increased their target price on FARO Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday.

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.