Pacer Advisors Inc. increased its stake in Finisar Corporation (NASDAQ:FNSR) by 18.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,428 shares of the technology company’s stock after acquiring an additional 1,907 shares during the period. Pacer Advisors Inc.’s holdings in Finisar Corporation were worth $323,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royce & Associates LP lifted its stake in shares of Finisar Corporation by 2,395.8% in the 2nd quarter. Royce & Associates LP now owns 59,900 shares of the technology company’s stock valued at $1,556,000 after acquiring an additional 57,500 shares during the last quarter. Zweig DiMenna Associates LLC lifted its stake in shares of Finisar Corporation by 101.2% in the 2nd quarter. Zweig DiMenna Associates LLC now owns 412,397 shares of the technology company’s stock valued at $10,714,000 after acquiring an additional 207,397 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Finisar Corporation by 2.3% in the 2nd quarter. American Century Companies Inc. now owns 271,611 shares of the technology company’s stock valued at $7,056,000 after acquiring an additional 6,150 shares during the last quarter. Virginia Retirement Systems ET AL lifted its stake in shares of Finisar Corporation 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 acquiring an additional 300 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its stake in shares of Finisar Corporation by 12,199.4% in the 2nd quarter. Federated Investors Inc. PA now owns 223,480 shares of the technology company’s stock valued at $5,806,000 after acquiring an additional 221,663 shares during the last quarter. 86.38% of the stock is owned by institutional investors.

Finisar Corporation (NASDAQ FNSR) opened at 21.78 on Wednesday. Finisar Corporation has a 12-month low of $20.16 and a 12-month high of $36.85. The firm’s 50 day moving average price is $24.65 and its 200-day moving average price is $26.01. The stock has a market cap of $2.43 billion, a P/E ratio of 9.95 and a beta of 1.33.

Finisar Corporation (NASDAQ:FNSR) last announced its quarterly earnings data on Thursday, September 7th. The technology company reported $0.40 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. The business had revenue of $341.80 million during the quarter, compared to the consensus estimate of $341.22 million. Finisar Corporation had a net margin of 16.92% and a return on equity of 13.11%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share. Equities research analysts anticipate that Finisar Corporation will post $1.56 earnings per share for the current fiscal year.

In other news, EVP Todd Swanson sold 6,183 shares of Finisar Corporation stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $27.65, for a total transaction of $170,959.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark Colyar sold 2,166 shares of Finisar Corporation stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $27.19, for a total transaction of $58,893.54. Following the sale, the senior vice president now directly owns 44,822 shares of the company’s stock, valued at approximately $1,218,710.18. The disclosure for this sale can be found here. Insiders have sold 101,961 shares of company stock valued at $2,742,336 in the last ninety days. Insiders own 1.02% of the company’s stock.

A number of equities research analysts have recently weighed in on FNSR shares. Zacks Investment Research lowered Finisar Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. ValuEngine lowered Finisar Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. B. Riley reissued a “buy” rating and issued a $38.00 target price on shares of Finisar Corporation in a research note on Thursday, June 8th. William Blair reissued an “outperform” rating on shares of Finisar Corporation in a research note on Friday, June 9th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $34.00 target price on shares of Finisar Corporation in a research note on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $32.87.

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Finisar Corporation 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.

Institutional Ownership by Quarter for Finisar Corporation (NASDAQ:FNSR)

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