Cheyne Capital Management UK LLP bought a new position in Finisar Corporation (NASDAQ:FNSR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 190,000 shares of the technology company’s stock, valued at approximately $155,000. Cheyne Capital Management UK LLP owned about 0.17% of Finisar Corporation as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors grew its holdings in shares of Finisar Corporation by 2.7% in the second quarter. Capital Research Global Investors now owns 13,651,050 shares of the technology company’s stock worth $354,654,000 after purchasing an additional 359,709 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Finisar Corporation by 2.4% in the second quarter. Vanguard Group Inc. now owns 8,908,237 shares of the technology company’s stock worth $231,435,000 after purchasing an additional 208,692 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Finisar Corporation by 3.8% in the second quarter. Northern Trust Corp now owns 2,907,058 shares of the technology company’s stock worth $75,525,000 after purchasing an additional 107,680 shares during the last quarter. State Street Corp grew its holdings in shares of Finisar Corporation by 5.9% in the second quarter. State Street Corp now owns 2,199,440 shares of the technology company’s stock worth $57,141,000 after purchasing an additional 121,724 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Finisar Corporation by 33.8% in the third quarter. Victory Capital Management Inc. now owns 1,500,821 shares of the technology company’s stock worth $33,274,000 after purchasing an additional 379,473 shares during the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Shares of Finisar Corporation (NASDAQ FNSR) traded up $0.30 during mid-day trading on Thursday, hitting $18.82. 981,779 shares of the stock were exchanged, compared to its average volume of 3,401,204. Finisar Corporation has a 1 year low of $17.80 and a 1 year high of $36.85. The company has a market cap of $2,120.00, a PE ratio of 11.01, a PEG ratio of 1.27 and a beta of 1.19. The company has a current ratio of 7.66, a quick ratio of 6.24 and a debt-to-equity ratio of 0.44.

Finisar Corporation (NASDAQ:FNSR) last announced 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 Corporation had a net margin of 16.92% and a return on equity of 13.11%. The firm had revenue of $341.80 million for the quarter, compared to analysts’ expectations of $341.22 million. During the same quarter in the previous year, the business posted $0.38 EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. equities research analysts expect that Finisar Corporation will post 1.05 earnings per share for the current year.

In other news, Chairman Jerry S. Rawls sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $22.89, for a total transaction of $457,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Roger C. Ferguson sold 2,726 shares of the business’s 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 in the company, valued at approximately $944,969.64. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.

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FNSR has been the topic of several recent analyst reports. Northland Securities restated a “buy” rating and issued a $40.00 target price on shares of Finisar Corporation in a report on Friday, July 28th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 target price on shares of Finisar Corporation in a report on Saturday, July 22nd. DA Davidson restated a “buy” rating and issued a $40.00 target price on shares of Finisar Corporation in a report on Thursday, September 7th. B. Riley restated a “buy” rating and issued a $38.00 target price on shares of Finisar Corporation in a report on Wednesday, September 6th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $30.00 target price (down previously from $32.00) on shares of Finisar Corporation in a report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $32.60.

About Finisar Corporation

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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