Deutsche Bank AG Purchases 23,095 Shares of Plexus Corp. (NASDAQ:PLXS)

Deutsche Bank AG boosted its stake in Plexus Corp. (NASDAQ:PLXS - Free Report) by 144.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,076 shares of the technology company's stock after acquiring an additional 23,095 shares during the period. Deutsche Bank AG owned 0.14% of Plexus worth $6,115,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PLXS. Pacer Advisors Inc. bought a new stake in Plexus in the fourth quarter valued at approximately $107,489,000. American Century Companies Inc. boosted its holdings in Plexus by 72.2% in the fourth quarter. American Century Companies Inc. now owns 544,017 shares of the technology company's stock valued at $85,128,000 after acquiring an additional 228,027 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Plexus in the fourth quarter valued at approximately $24,747,000. JPMorgan Chase & Co. boosted its holdings in Plexus by 146.9% in the fourth quarter. JPMorgan Chase & Co. now owns 258,824 shares of the technology company's stock valued at $40,501,000 after acquiring an additional 154,003 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Plexus by 1,875.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 137,466 shares of the technology company's stock valued at $21,511,000 after buying an additional 130,506 shares during the period. 94.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PLXS has been the topic of several recent analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $162.00 price target (down from $172.00) on shares of Plexus in a research note on Friday, April 25th. Stifel Nicolaus set a $145.00 price target on Plexus in a research note on Thursday, April 24th. Finally, Benchmark reissued a "buy" rating and issued a $160.00 price target on shares of Plexus in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $155.67.

Plexus Trading Down 0.7%

PLXS traded down $0.89 during trading on Friday, hitting $129.57. The company's stock had a trading volume of 99,560 shares, compared to its average volume of 168,119. Plexus Corp. has a twelve month low of $100.96 and a twelve month high of $172.89. 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 stock's fifty day moving average price is $125.67 and its 200-day moving average price is $142.48. The firm has a market capitalization of $3.51 billion, a P/E ratio of 30.06 and a beta of 0.80.

Plexus (NASDAQ:PLXS - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.12. Plexus had a return on equity of 10.36% and a net margin of 3.03%. The company had revenue of $980.17 million for the quarter, compared to analyst estimates of $980.07 million. During the same period in the prior year, the firm earned $0.94 earnings per share. Plexus's revenue for the quarter was up 1.4% on a year-over-year basis. Analysts anticipate that Plexus Corp. will post 5.9 EPS for the current year.

Insider Transactions at Plexus

In related news, CFO Patrick John Jermain sold 4,328 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer now owns 25,637 shares in the company, valued at approximately $3,391,518.73. This represents a 14.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.76% of the stock is owned by insiders.

About Plexus

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.