Pacer Advisors Inc. raised its stake in Finisar Corporation (NASDAQ:FNSR) by 27.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,831 shares of the technology company’s stock after purchasing an additional 3,403 shares during the quarter. Pacer Advisors Inc.’s holdings in Finisar were worth $351,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Teacher Retirement System of Texas boosted its holdings in shares of Finisar by 1.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 8,890 shares of the technology company’s stock valued at $231,000 after purchasing an additional 136 shares during the last quarter. Virginia Retirement Systems ET AL boosted its holdings in shares of Finisar by 0.3% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 91,600 shares of the technology company’s stock valued at $2,380,000 after purchasing an additional 300 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Finisar by 2.9% in the 2nd quarter. Amalgamated Bank now owns 13,912 shares of the technology company’s stock valued at $361,000 after purchasing an additional 396 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Finisar by 5.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,795 shares of the technology company’s stock valued at $254,000 after purchasing an additional 507 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of Finisar by 1.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 61,782 shares of the technology company’s stock valued at $1,605,000 after purchasing an additional 684 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.

In related news, Director Roger C. Ferguson sold 2,726 shares of Finisar stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $21.46, for a total transaction of $58,499.96. Following the sale, the director now owns 44,034 shares of the company’s stock, valued at approximately $944,969.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Jerry S. Rawls sold 20,000 shares of Finisar stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $22.89, for a total transaction of $457,800.00. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.

FNSR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Finisar from a “sell” rating to a “hold” rating and set a $27.00 price target on the stock in a report on Tuesday, August 15th. Northland Securities set a $40.00 price target on shares of Finisar and gave the company a “buy” rating in a report on Tuesday, August 29th. ValuEngine lowered shares of Finisar from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price target (down previously from $33.00) on shares of Finisar in a report on Tuesday, September 5th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $30.00 price target (down previously from $32.00) on shares of Finisar in a report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $31.35.

Finisar Corporation (NASDAQ FNSR) opened at $19.26 on Monday. Finisar Corporation has a one year low of $17.80 and a one year high of $36.85. The company has a quick ratio of 6.24, a current ratio of 7.66 and a debt-to-equity ratio of 0.44. The company has a market cap of $2,193.48, a price-to-earnings ratio of 11.53, a PEG ratio of 1.35 and a beta of 1.14.

Finisar (NASDAQ:FNSR) last issued its earnings results on Thursday, September 7th. The technology company reported $0.40 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.40. Finisar had a net margin of 16.92% and a return on equity of 13.11%. The business had revenue of $341.80 million for the quarter, compared to the consensus estimate of $341.22 million. During the same quarter last year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. sell-side analysts forecast that Finisar Corporation will post 1.04 earnings per share for the current year.

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Finisar Profile

Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The Company’s optical subsystems consist of transmitters, receivers, transceivers, transponders and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in these networks, including the switches, routers, and servers used in wireline networks.

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Institutional Ownership by Quarter for Finisar (NASDAQ:FNSR)

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