Deutsche Bank AG Buys 8,001 Shares of FARO Technologies, Inc. (NASDAQ:FARO)

Deutsche Bank AG raised its stake in shares of FARO Technologies, Inc. (NASDAQ:FARO - Free Report) by 84.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,430 shares of the scientific and technical instruments company's stock after purchasing an additional 8,001 shares during the period. Deutsche Bank AG owned 0.09% of FARO Technologies worth $442,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FARO. T. Rowe Price Investment Management Inc. acquired a new position in shares of FARO Technologies in the fourth quarter valued at approximately $10,849,000. Driehaus Capital Management LLC acquired a new position in shares of FARO Technologies during the 4th quarter worth $8,990,000. Bastion Asset Management Inc. acquired a new position in shares of FARO Technologies during the 4th quarter worth $5,892,000. Arrowstreet Capital Limited Partnership grew its stake in FARO Technologies by 244.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 213,423 shares of the scientific and technical instruments company's stock valued at $5,412,000 after acquiring an additional 151,382 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in FARO Technologies in the 4th quarter valued at about $3,562,000. 97.19% of the stock is owned by hedge funds and other institutional investors.

FARO Technologies Stock Performance

FARO traded up $0.05 on Tuesday, hitting $42.46. The company had a trading volume of 589,848 shares, compared to its average volume of 297,703. FARO Technologies, Inc. has a 1-year low of $13.52 and a 1-year high of $42.64. The stock has a market cap of $816.34 million, a price-to-earnings ratio of -121.31 and a beta of 1.49. The company's fifty day moving average price is $33.21 and its 200 day moving average price is $30.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.17 and a quick ratio of 1.83.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Needham & Company LLC lowered shares of FARO Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Craig Hallum cut FARO Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen assumed coverage on FARO Technologies in a report on Friday, May 16th. They set a "buy" rating on the stock.

Insider Activity at FARO Technologies

In other FARO Technologies news, CFO Matthew Horwath sold 1,480 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $29.30, for a total value of $43,364.00. Following the transaction, the chief financial officer now owns 39,430 shares of the company's stock, valued at approximately $1,155,299. This represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Peter James Lau sold 4,617 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $29.30, for a total value of $135,278.10. Following the completion of the transaction, the chief executive officer now directly owns 160,076 shares in the company, valued at $4,690,226.80. The trade was a 2.80% decrease in their position. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

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.