Dimensional Fund Advisors LP grew its stake in shares of FARO Technologies, Inc. (NASDAQ:FARO) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,096,494 shares of the scientific and technical instruments company’s stock after purchasing an additional 59,528 shares during the period. Dimensional Fund Advisors LP owned approximately 0.07% of FARO Technologies worth $41,941,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FARO. Victory Capital Management Inc. boosted its position in shares of FARO Technologies by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,811 shares of the scientific and technical instruments company’s stock worth $144,000 after purchasing an additional 572 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of FARO Technologies by 71.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,956 shares of the scientific and technical instruments company’s stock worth $225,000 after purchasing an additional 2,490 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of FARO Technologies by 59.3% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,260 shares of the scientific and technical instruments company’s stock worth $239,000 after purchasing an additional 2,330 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of FARO Technologies by 13.5% during the 2nd quarter. Voya Investment Management LLC now owns 8,197 shares of the scientific and technical instruments company’s stock worth $310,000 after purchasing an additional 974 shares in the last quarter. Finally, Ark Investment Management LLC boosted its position in shares of FARO Technologies by 86.2% during the 2nd quarter. Ark Investment Management LLC now owns 9,870 shares of the scientific and technical instruments company’s stock worth $373,000 after purchasing an additional 4,569 shares in the last quarter. Institutional investors own 97.56% of the company’s stock.

Shares of FARO Technologies, Inc. (NASDAQ FARO) opened at $51.45 on Wednesday. FARO Technologies, Inc. has a 1 year low of $31.90 and a 1 year high of $54.40. The company has a market cap of $859.79, a PE ratio of -5,070,000.00 and a beta of 1.43.

FARO Technologies (NASDAQ:FARO) last released its quarterly earnings data on Thursday, October 26th. The scientific and technical instruments company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.14. FARO Technologies had a net margin of 0.03% and a return on equity of 0.03%. The business had revenue of $90.25 million for the quarter, compared to analyst estimates of $89.34 million. During the same period in the previous year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. analysts expect that FARO Technologies, Inc. will post 0.1 EPS for the current year.

Several equities research analysts have commented on the stock. BidaskClub upgraded shares of FARO Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of FARO Technologies from a “hold” rating to a “strong-buy” rating and set a $54.00 target price on the stock in a research report on Monday, January 1st. Craig Hallum set a $60.00 target price on shares of FARO Technologies and gave the stock a “buy” rating in a research report on Monday, November 27th. Noble Financial restated a “buy” rating on shares of FARO Technologies in a research report on Friday, November 3rd. Finally, Canaccord Genuity restated a “buy” rating and set a $52.00 target price (up from $42.00) on shares of FARO Technologies in a research report on Monday, October 30th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. FARO Technologies presently has a consensus rating of “Buy” and an average target price of $50.50.

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

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