Nisa Investment Advisors LLC Raises Stock Position in FARO Technologies, Inc. (NASDAQ:FARO)

Nisa Investment Advisors LLC boosted its holdings in FARO Technologies, Inc. (NASDAQ:FARO) by 16.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,420 shares of the scientific and technical instruments company’s stock after buying an additional 900 shares during the period. Nisa Investment Advisors LLC’s holdings in FARO Technologies were worth $145,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Point72 Asset Management L.P. purchased a new stake in FARO Technologies in the 2nd quarter worth $26,000. Tower Research Capital LLC TRC grew its position in shares of FARO Technologies by 179.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,749 shares of the scientific and technical instruments company’s stock valued at $48,000 after purchasing an additional 1,123 shares in the last quarter. Captrust Financial Advisors grew its position in shares of FARO Technologies by 29.7% during the first quarter. Captrust Financial Advisors now owns 1,985 shares of the scientific and technical instruments company’s stock valued at $103,000 after purchasing an additional 455 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of FARO Technologies by 15.0% during the first quarter. PNC Financial Services Group Inc. now owns 4,021 shares of the scientific and technical instruments company’s stock valued at $208,000 after purchasing an additional 523 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of FARO Technologies by 241.7% during the second quarter. Royal Bank of Canada now owns 4,183 shares of the scientific and technical instruments company’s stock valued at $68,000 after purchasing an additional 2,959 shares in the last quarter. Hedge funds and other institutional investors own 97.19% of the company’s stock.

FARO Technologies Trading Up 2.1 %

FARO opened at $18.71 on Friday. The firm has a market cap of $354.91 million, a P/E ratio of -6.26 and a beta of 1.40. FARO Technologies, Inc. has a 12 month low of $10.30 and a 12 month high of $24.80. The company has a current ratio of 2.31, a quick ratio of 2.00 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $21.04 and a 200 day moving average of $19.55.

FARO Technologies (NASDAQ:FARO) last released its quarterly earnings results on Tuesday, February 27th. The scientific and technical instruments company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.23) by $0.31. The company had revenue of $98.84 million during the quarter. FARO Technologies had a negative return on equity of 20.66% and a negative net margin of 15.77%.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a “buy” rating and set a $27.00 price objective on shares of FARO Technologies in a research report on Thursday, February 29th.

Insider Buying and Selling

In other FARO Technologies news, VP Jeffrey D. Sexton sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $20.06, for a total value of $30,090.00. Following the completion of the sale, the vice president now owns 27,706 shares of the company’s stock, valued at $555,782.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

About FARO Technologies

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.