SG Americas Securities LLC Has $390000 Position in FARO Technologies, Inc. (NASDAQ:FARO) – Defense World
Posted by admin on Aug 7th, 2022 
SG Americas Securities LLC grew its position in FARO Technologies, Inc. (NASDAQ:FARO – Get Rating) by 27.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,517 shares of the scientific and technical instruments company’s stock after buying an additional 1,634 shares during the quarter. SG Americas Securities LLC’s holdings in FARO Technologies were worth $390,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in FARO. Advisor Group Holdings Inc. increased its position in FARO Technologies by 40.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 702 shares of the scientific and technical instruments company’s stock worth $49,000 after purchasing an additional 201 shares in the last quarter. Inspire Investing LLC acquired a new position in FARO Technologies during the 1st quarter worth approximately $236,000. Teacher Retirement System of Texas acquired a new position in FARO Technologies during the 4th quarter worth approximately $245,000. ProShare Advisors LLC acquired a new position in FARO Technologies during the 4th quarter worth approximately $319,000. Finally, Victory Capital Management Inc. increased its position in FARO Technologies by 4.4% during the 4th quarter. Victory Capital Management Inc. now owns 6,811 shares of the scientific and technical instruments company’s stock worth $477,000 after purchasing an additional 287 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:FARO opened at $36.19 on Friday. The firm’s fifty day moving average is $31.23 and its 200-day moving average is $41.93. FARO Technologies, Inc. has a 52 week low of $27.84 and a 52 week high of $83.39. The firm has a market cap of $661.55 million, a P/E ratio of -12.27 and a beta of 1.46.
A number of equities research analysts have weighed in on the stock. Robert W. Baird reduced their target price on shares of FARO Technologies from $62.00 to $50.00 in a report on Thursday, April 28th. DA Davidson reduced their target price on shares of FARO Technologies from $50.00 to $40.00 in a report on Thursday. Needham & Company LLC reduced their target price on shares of FARO Technologies from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Craig Hallum lowered shares of FARO Technologies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $74.00 to $40.00 in a report on Thursday, April 28th.
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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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