Fisher Asset Management LLC raised its position in Finisar Corp. (NASDAQ:FNSR) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,182,661 shares of the company’s stock after buying an additional 60,102 shares during the period. Fisher Asset Management LLC owned about 3.79% of Finisar Corp. worth $124,643,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FNSR. First Mercantile Trust Co. purchased a new position in shares of Finisar Corp. during the third quarter valued at approximately $403,000. BNP Paribas Arbitrage SA increased its position in shares of Finisar Corp. by 123.0% in the third quarter. BNP Paribas Arbitrage SA now owns 9,309 shares of the company’s stock valued at $277,000 after buying an additional 5,135 shares during the last quarter. Front Street Capital Management Inc. purchased a new position in shares of Finisar Corp. during the second quarter valued at approximately $3,234,000. Wolverine Asset Management LLC purchased a new position in shares of Finisar Corp. during the second quarter valued at approximately $700,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of Finisar Corp. by 12.9% in the second quarter. Public Employees Retirement System of Ohio now owns 7,297 shares of the company’s stock valued at $128,000 after buying an additional 836 shares during the last quarter. Hedge funds and other institutional investors own 93.07% of the company’s stock.

Institutional Ownership by Quarter for Finisar Corp. (NASDAQ:FNSR)

Shares of Finisar Corp. (NASDAQ:FNSR) traded down 1.95% during trading on Monday, reaching $32.21. 932,377 shares of the company were exchanged. The firm’s 50 day moving average is $29.57 and its 200 day moving average is $22.19. Finisar Corp. has a 1-year low of $11.26 and a 1-year high of $33.20. The firm has a market capitalization of $3.55 billion, a P/E ratio of 63.03 and a beta of 1.37.

Finisar Corp. (NASDAQ:FNSR) last released its earnings results on Thursday, September 8th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.08. Finisar Corp. had a return on equity of 7.61% and a net margin of 4.32%. The business earned $341.30 million during the quarter, compared to the consensus estimate of $331.34 million. During the same period last year, the company earned $0.23 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that Finisar Corp. will post $1.75 EPS for the current fiscal year.

Several research analysts recently commented on FNSR shares. Zacks Investment Research downgraded shares of Finisar Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. B. Riley reissued a “buy” rating and set a $24.50 price objective on shares of Finisar Corp. in a research report on Tuesday, September 6th. Stifel Nicolaus raised shares of Finisar Corp. from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Tuesday, September 6th. Needham & Company LLC boosted their price objective on shares of Finisar Corp. from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, September 6th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and set a $24.00 price objective on shares of Finisar Corp. in a research report on Tuesday, September 6th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Finisar Corp. currently has a consensus rating of “Buy” and a consensus target price of $30.91.

In other news, EVP Joseph A. Young sold 5,545 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $21.90, for a total transaction of $121,435.50. Following the transaction, the executive vice president now owns 220,832 shares in the company, valued at $4,836,220.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joseph A. Young sold 6,690 shares of the firm’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $21.40, for a total value of $143,166.00. Following the transaction, the executive vice president now owns 226,377 shares in the company, valued at approximately $4,844,467.80. The disclosure for this sale can be found here. Insiders own 1.34% of the company’s stock.

Finisar Corp. Company 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.

5 Day Chart for NASDAQ:FNSR

Receive News & Stock Ratings for Finisar Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finisar Corp. and related stocks with our FREE daily email newsletter.