Royce & Associates LP decreased its position in shares of FARO Technologies, Inc. (NASDAQ:FARO) by 6.3% during the 4th quarter, HoldingsChannel reports. The firm owned 651,073 shares of the scientific and technical instruments company’s stock after selling 43,627 shares during the quarter. Royce & Associates LP’s holdings in FARO Technologies were worth $30,600,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in FARO. Paradice Investment Management LLC bought a new stake in FARO Technologies during the fourth quarter worth approximately $24,698,000. Tikvah Management LLC bought a new stake in FARO Technologies during the third quarter worth approximately $13,444,000. Vident Investment Advisory LLC raised its holdings in FARO Technologies by 62.7% during the third quarter. Vident Investment Advisory LLC now owns 564,729 shares of the scientific and technical instruments company’s stock worth $21,601,000 after purchasing an additional 217,544 shares in the last quarter. Global X Management Co. LLC raised its holdings in FARO Technologies by 123.2% during the fourth quarter. Global X Management Co. LLC now owns 180,691 shares of the scientific and technical instruments company’s stock worth $8,492,000 after purchasing an additional 99,723 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of FARO Technologies by 4.3% in the second quarter. Vanguard Group Inc. now owns 1,586,914 shares of the scientific and technical instruments company’s stock valued at $59,986,000 after buying an additional 65,588 shares in the last quarter. 98.57% of the stock is currently owned by hedge funds and other institutional investors.
FARO Technologies, Inc. (FARO) opened at $51.95 on Monday. FARO Technologies, Inc. has a 52-week low of $31.90 and a 52-week high of $54.80.
Several research firms have issued reports on FARO. Craig Hallum set a $60.00 price target on FARO Technologies and gave the company a “buy” rating in a report on Monday, November 27th. Zacks Investment Research cut FARO Technologies from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Noble Financial reaffirmed a “buy” rating on shares of FARO Technologies in a report on Friday, November 3rd. BidaskClub raised FARO Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Stifel Nicolaus upped their price target on FARO Technologies from $33.00 to $46.00 and gave the company a “hold” rating in a report on Monday, October 30th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.50.
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FARO Technologies Profile
FARO Technologies, Inc designs, develops, manufactures, markets and supports software driven, three-dimensional (3D) measurement, imaging and realization systems. The Company operates in three segments: Factory Metrology, Construction BIM-CIM and Other. It sells its products through a direct sales force across customers in a range of manufacturing, industrial, architecture, surveying, building construction and law enforcement applications.
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