Janus Henderson Group PLC Sells 46,867 Shares of Plexus Corp. (NASDAQ:PLXS)

Janus Henderson Group PLC reduced its stake in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 79.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,081 shares of the technology company's stock after selling 46,867 shares during the quarter. Janus Henderson Group PLC's holdings in Plexus were worth $1,889,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. TD Private Client Wealth LLC acquired a new position in shares of Plexus during the 4th quarter worth $28,000. Aquatic Capital Management LLC raised 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 valued at $37,000 after purchasing an additional 134 shares in the last quarter. R Squared Ltd bought a new position in shares of Plexus during the 4th quarter valued at $45,000. Nomura Asset Management Co. Ltd. raised its holdings 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 valued at $50,000 after purchasing an additional 100 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Plexus by 12.1% during the 4th quarter. Blue Trust Inc. now owns 776 shares of the technology company's stock valued at $121,000 after purchasing an additional 84 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Plexus Stock Performance

Shares of Plexus stock traded up $3.17 on Tuesday, reaching $132.74. The stock had a trading volume of 98,360 shares, compared to its average volume of 168,072. The business's 50-day moving average price is $125.79 and its two-hundred day moving average price is $141.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.53. Plexus Corp. has a fifty-two week low of $100.96 and a fifty-two week high of $172.89. The stock has a market cap of $3.60 billion, a P/E ratio of 30.80 and a beta of 0.80.

Plexus (NASDAQ:PLXS - Get Free Report) last issued its quarterly earnings data 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 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 analysts' expectations of $980.07 million. During the same period in the previous year, the company earned $0.94 earnings per share. Plexus's revenue for the quarter was up 1.4% on a year-over-year basis. On average, sell-side analysts forecast that Plexus Corp. will post 5.9 EPS for the current year.

Insider Buying and Selling

In related news, CFO Patrick John Jermain sold 4,328 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $132.29, for a total transaction of $572,551.12. Following the transaction, the chief financial officer now owns 25,637 shares of the company's stock, valued at approximately $3,391,518.73. The trade was a 14.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Todd P. Kelsey sold 1,000 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $130.00, for a total transaction of $130,000.00. Following the transaction, the chief executive officer now directly owns 78,714 shares in the company, valued at $10,232,820. This trade represents a 1.25% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,328 shares of company stock valued at $965,911. 1.76% of the stock is owned by company insiders.

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.