Mirae Asset Global Investments Co. Ltd. decreased its stake in shares of FARO Technologies, Inc. (NASDAQ:FARO – Get Rating) by 11.2% during the first quarter, HoldingsChannel reports. The firm owned 238,322 shares of the scientific and technical instruments company's stock after selling 29,931 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in FARO Technologies were worth $12,374,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Fisher Asset Management LLC increased its stake in FARO Technologies by 35.4% during the 1st quarter. Fisher Asset Management LLC now owns 82,995 shares of the scientific and technical instruments company's stock valued at $4,309,000 after purchasing an additional 21,721 shares in the last quarter. Daventry Group LP purchased a new stake in shares of FARO Technologies in the 4th quarter valued at $8,309,000. Westerly Capital Management LLC boosted its holdings in shares of FARO Technologies by 21.4% in the 1st quarter. Westerly Capital Management LLC now owns 85,000 shares of the scientific and technical instruments company's stock valued at $4,413,000 after acquiring an additional 15,000 shares during the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of FARO Technologies by 3.7% in the 4th quarter. Segall Bryant & Hamill LLC now owns 913,037 shares of the scientific and technical instruments company's stock valued at $63,931,000 after acquiring an additional 32,163 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of FARO Technologies by 2.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 555,456 shares of the scientific and technical instruments company's stock valued at $38,893,000 after acquiring an additional 14,195 shares during the last quarter. Institutional investors and hedge funds own 96.70% of the company's stock.
Get FARO Technologies alerts:Analyst Ratings Changes
FARO has been the topic of several recent research reports. Needham & Company LLC dropped their price objective on shares of FARO Technologies from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, August 4th. DA Davidson dropped their price objective on shares of FARO Technologies from $50.00 to $40.00 in a report on Thursday, August 4th.
FARO Technologies Stock Performance
Shares of NASDAQ FARO opened at $31.08 on Tuesday. The company's fifty day moving average price is $33.60 and its 200 day moving average price is $37.59. FARO Technologies, Inc. has a 1 year low of $27.84 and a 1 year high of $83.39. The company has a market capitalization of $583.50 million, a PE ratio of -10.54 and a beta of 1.42.FARO Technologies Company Profile
(Get Rating)
FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions in North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific. 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 quickly and accurate position components; and FARO Laser Scanning Portfolio to measure and collect a cloud of data points.
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