Teachers Advisors LLC Purchases 4,400 Shares of Faro Technologies (FARO)

Teachers Advisors LLC boosted its stake in Faro Technologies (NASDAQ:FARO) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,362 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,400 shares during the period. Teachers Advisors LLC owned 0.27% of Faro Technologies worth $2,132,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in FARO. Paradice Investment Management LLC bought a new stake in shares of Faro Technologies in the fourth quarter valued at approximately $24,698,000. Global X Management Co. LLC grew its stake 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 valued at $8,492,000 after acquiring an additional 99,723 shares in the last quarter. Deutsche Bank AG grew its stake in Faro Technologies by 150.4% in the 4th quarter. Deutsche Bank AG now owns 110,346 shares of the scientific and technical instruments company’s stock worth $5,185,000 after buying an additional 66,279 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Faro Technologies by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,096,494 shares of the scientific and technical instruments company’s stock worth $41,941,000 after buying an additional 59,528 shares in the last quarter. Finally, Princeton Capital Management LLC purchased a new position in Faro Technologies in the 4th quarter worth approximately $1,767,000. 92.58% of the stock is currently owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

In related news, insider Simon Raab sold 11,700 shares of Faro Technologies stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $59.93, for a total value of $701,181.00. Following the completion of the sale, the insider now directly owns 38,478 shares in the company, valued at $2,305,986.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jody Storm Gale sold 10,666 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $59.77, for a total transaction of $637,506.82. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.



Several research analysts have commented on FARO shares. BidaskClub upgraded shares of Faro Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, March 14th. Zacks Investment Research raised shares of Faro Technologies from a “hold” rating to a “strong-buy” rating and set a $69.00 target price on the stock in a research report on Monday, February 26th. Noble Financial reissued a “buy” rating on shares of Faro Technologies in a research report on Friday, February 23rd. Needham & Company LLC raised their price target on shares of Faro Technologies to $65.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, Craig Hallum reiterated a “buy” rating and issued a $68.00 price objective (up previously from $60.00) on shares of Faro Technologies in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Faro Technologies presently has an average rating of “Buy” and an average price target of $58.67.

NASDAQ FARO opened at $63.40 on Tuesday. The firm has a market cap of $1,075.64, a price-to-earnings ratio of 218.79 and a beta of 1.43. Faro Technologies has a 52 week low of $32.00 and a 52 week high of $65.35.

Faro Technologies (NASDAQ:FARO) last posted its quarterly earnings data on Wednesday, February 21st. The scientific and technical instruments company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.36 by $0.14. Faro Technologies had a negative net margin of 4.02% and a positive return on equity of 1.39%. The company had revenue of $106.40 million during the quarter, compared to analyst estimates of $104.31 million. During the same period in the previous year, the firm earned $0.21 earnings per share. Faro Technologies’s quarterly revenue was up 16.0% compared to the same quarter last year. equities analysts anticipate that Faro Technologies will post 1.03 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://stocknewstimes.com/2018/04/24/faro-technologies-inc-faro-shares-bought-by-teachers-advisors-llc.html.

Faro Technologies Profile

FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven, three-dimensional (3D) measurement, imaging, and realization systems. The company offers FaroArm, a combination of six or seven-axis, articulated measurement arm, a computer, and CAM2 software programs; and FARO ScanArm, a FaroArm equipped with a hard probe and non-contact laser line probe to measure products.

Institutional Ownership by Quarter for Faro Technologies (NASDAQ:FARO)

Receive News & Ratings for Faro Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Faro Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply