FARO Technologies, Inc. (NASDAQ:FARO) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP decreased its position in FARO Technologies, Inc. (NASDAQ:FARO - Free Report) by 49.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,691 shares of the scientific and technical instruments company's stock after selling 34,368 shares during the quarter. Two Sigma Investments LP owned 0.18% of FARO Technologies worth $880,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in FARO Technologies by 13.1% during the fourth quarter. SG Americas Securities LLC now owns 8,345 shares of the scientific and technical instruments company's stock worth $212,000 after purchasing an additional 966 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of FARO Technologies in the 4th quarter valued at $78,000. Millennium Management LLC boosted its position in shares of FARO Technologies by 0.8% in the 4th quarter. Millennium Management LLC now owns 54,069 shares of the scientific and technical instruments company's stock valued at $1,371,000 after purchasing an additional 439 shares during the period. Rhumbline Advisers grew its stake in FARO Technologies by 4.5% during the 4th quarter. Rhumbline Advisers now owns 31,279 shares of the scientific and technical instruments company's stock valued at $793,000 after acquiring an additional 1,333 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in FARO Technologies by 27.7% during the 4th quarter. Wells Fargo & Company MN now owns 12,307 shares of the scientific and technical instruments company's stock valued at $312,000 after acquiring an additional 2,672 shares in the last quarter. 97.19% of the stock is currently owned by hedge funds and other institutional investors.

FARO Technologies Price Performance

Shares of FARO stock opened at $42.42 on Friday. The stock's fifty day moving average is $34.11 and its 200-day moving average is $30.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.83 and a current ratio of 2.17. The stock has a market capitalization of $815.57 million, a PE ratio of -121.20 and a beta of 1.63. FARO Technologies, Inc. has a 52 week low of $13.52 and a 52 week high of $42.64.

Analyst Ratings Changes

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

FARO Technologies Company 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.

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