FARO Technologies, Inc is a leading provider of three-dimensional imaging and software solutions. The company operates across several segments and serves various industries, including automotive and aerospace. FARO Technologies’ recent 13F filing with the Securities and Exchange Commission shows that Assenagon Asset Management S.A. has decreased its holdings in the company by 1.3%, while other institutional investors have either reduced or increased their stakes. Furthermore, research analysts from StockNews.com and Needham & Company LLC have recently provided their opinions on the company, with the former rating it as “hold” and the latter reducing its price objective from $39.00 to $35.00 and rating it as “buy”. Additionally, FARO Technologies’ stock is currently trading at $23.20, with a 12-month low of $22.61 and a 12-month high of $54.95, and institutional investors and hedge funds owning 95.05% of the company’s stock.
Assenagon Asset Management S.A. Decreases Stake in FARO Technologies, Inc. (NASDAQ:FARO).
Assenagon Asset Management S.A. has lowered its stake in FARO Technologies, Inc. (NASDAQ:FARO) by 1.3% in the fourth quarter. According to the company’s latest 13F filing with the Securities and Exchange Commission, other institutional investors have also recently reduced or increased their stakes in the scientific and technical instruments company.
Other Institutional Investors
Quadrant Capital Group LLC, for instance, raised its stake in FARO Technologies by 74.5% in the second quarter, owning 834 shares of the company’s stock, valued at $26,000, after acquiring an additional 356 shares in the last quarter. Tower Research Capital LLC TRC also boosted its stake in FARO Technologies by 179.4% in the third quarter, owning 1,749 shares of the stock, valued at $48,000, after buying an additional 1,123 shares in the last quarter. In the same vein, Mutual of America Capital Management LLC increased its stake in FARO Technologies by 16.9% in the second quarter, owning 3,067 shares of the stock, valued at $95,000, after acquiring an additional 444 shares in the last quarter. Captrust Financial Advisors also raised its position in the company by 29.7% in the first quarter, owning 1,985 shares of the stock, valued at $103,000, after acquiring an additional 455 shares.
Furthermore, Teachers Retirement System of The State of Kentucky acquired a new stake in FARO Technologies in the third quarter, valued at approximately $131,000. Presently, institutional investors and hedge funds own 95.05% of the company’s stock.
Research Analysts
A few research analysts have also recently provided their thoughts on the company. StockNews.com initiated coverage on FARO Technologies in a research note on March 16th, rating the company as “hold”. Needham & Company LLC also reduced its price objective on the stock from $39.00 to $35.00 and rated it as a “buy” in a research note on February 16th.
FARO Technologies Stock Update
Shares of FARO Technologies, Inc. (NASDAQ:FARO) opened at $23.20 on Monday. The company has a 12-month low of $22.61 and a 12-month high of $54.95, with a market cap of $435.70 million, a PE ratio of -15.89, and a beta of 1.33. The stock has a 50-day moving average of $27.56 and a 200-day moving average of $29.19.
FARO Technologies Company Profile
FARO Technologies, Inc. engages in the design, development, manufacture, marketing, and support of three-dimensional (3D) measurement, imaging, and realization systems. The company’s products are used for inspecting components and assemblies, production planning, and documentation in various industries, including manufacturing, automotive, and aerospace. FARO Technologies has offices in 26 countries worldwide.
FARO Technologies, Inc: A Leading Imaging and Software Solutions Provider
FARO Technologies, Inc is a top provider of three-dimensional imaging and software solutions. The company is involved in the design, development, manufacture, marketing, and support of its products. It operates across different segments such as United States and Canada, Americas-Other, Germany, EMEA-Other, Japan, China, and Asia-Other. FARO Technologies has been serving its clients since its inception by Gregory A.
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