Plexus Corp. (NASDAQ:PLXS) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its position in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 144.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,076 shares of the technology company's stock after buying an additional 23,095 shares during the quarter. Deutsche Bank AG owned about 0.14% of Plexus worth $6,115,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PLXS. TD Private Client Wealth LLC acquired a new stake in Plexus during the fourth quarter worth $28,000. Aquatic Capital Management LLC grew its holdings in shares of Plexus by 134.0% during the 4th quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company's stock worth $37,000 after purchasing an additional 134 shares during the period. R Squared Ltd acquired a new stake in shares of Plexus during the 4th quarter worth about $45,000. Nomura Asset Management Co. Ltd. increased its position in shares of Plexus by 45.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company's stock worth $50,000 after purchasing an additional 100 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Plexus by 12.1% in the 4th quarter. Blue Trust Inc. now owns 776 shares of the technology company's stock valued at $121,000 after buying an additional 84 shares during the period. Hedge funds and other institutional investors own 94.45% of the company's stock.

Plexus Trading Down 1.4%

NASDAQ PLXS traded down $1.91 during trading on Wednesday, hitting $130.26. The stock had a trading volume of 115,370 shares, compared to its average volume of 168,385. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.53 billion, a PE ratio of 30.22 and a beta of 0.80. The firm has a 50 day moving average price of $125.33 and a 200 day moving average price of $142.84. Plexus Corp. has a twelve month low of $100.96 and a twelve month high of $172.89.

Plexus (NASDAQ:PLXS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.54 by $0.12. Plexus had a net margin of 3.03% and a return on equity of 10.36%. The business had revenue of $980.17 million during the quarter, compared to analyst estimates of $980.07 million. During the same quarter last year, the firm posted $0.94 earnings per share. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities research analysts forecast that Plexus Corp. will post 5.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Michael J. Running sold 1,250 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $138.62, for a total transaction of $173,275.00. Following the completion of the transaction, the insider now directly owns 1,276 shares of the company's stock, valued at approximately $176,879.12. The trade was a 49.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Patrick John Jermain sold 4,328 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $132.29, for a total transaction of $572,551.12. Following the sale, the chief financial officer now owns 25,637 shares in the company, valued at $3,391,518.73. The trade was a 14.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.76% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on PLXS shares. Benchmark reaffirmed a "buy" rating and set a $160.00 target price on shares of Plexus in a research note on Friday, May 16th. Stifel Nicolaus set a $145.00 price objective on shares of Plexus in a report on Thursday, April 24th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $162.00 target price (down previously from $172.00) on shares of Plexus in a report on Friday, April 25th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $155.67.

Plexus Profile

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.