272 Capital LP Sells 55,229 Shares of FARO Technologies, Inc. (NASDAQ:FARO)

272 Capital LP trimmed its position in FARO Technologies, Inc. (NASDAQ:FARO) by 97.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,500 shares of the scientific and technical instruments company’s stock after selling 55,229 shares during the quarter. 272 Capital LP’s holdings in FARO Technologies were worth $29,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of 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 worth $29,420,000 after purchasing an additional 90,000 shares during the period. Acadian Asset Management LLC lifted its holdings 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 worth $3,354,000 after buying an additional 39,905 shares during the period. Harvey Partners LLC grew its holdings in FARO Technologies by 17.8% during the 3rd quarter. Harvey Partners LLC now owns 1,006,000 shares of the scientific and technical instruments company’s stock worth $19,255,000 after acquiring an additional 152,000 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in FARO Technologies by 20.4% during the second 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. Finally, Renaissance Technologies LLC lifted its stake in shares of FARO Technologies by 32.2% during the 2nd quarter. Renaissance Technologies LLC now owns 225,307 shares of the scientific and technical instruments company’s stock worth $3,605,000 after purchasing an additional 54,865 shares during the last quarter. 97.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FARO has been the subject of several analyst reports. Craig Hallum increased their price objective on FARO Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com raised FARO Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Finally, Needham & Company LLC upped their price target on FARO Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

FARO Technologies Stock Up 3.1 %

Shares of NASDAQ:FARO opened at $28.20 on Friday. FARO Technologies, Inc. has a 12-month low of $13.52 and a 12-month high of $29.30. 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 business has a 50-day moving average price of $22.48 and a 200 day moving average price of $18.93.

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.