Gotham Asset Management LLC Acquires 6,037 Shares of Plexus Corp. (NASDAQ:PLXS)

Gotham Asset Management LLC boosted its stake in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 50.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 17,945 shares of the technology company's stock after buying an additional 6,037 shares during the period. Gotham Asset Management LLC owned approximately 0.07% of Plexus worth $2,808,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. acquired a new position in shares of Plexus during the 4th quarter worth about $107,489,000. American Century Companies Inc. grew its stake 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 purchasing an additional 228,027 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Plexus during the 4th quarter worth approximately $24,747,000. JPMorgan Chase & Co. boosted its holdings in shares of Plexus by 146.9% in the 4th quarter. JPMorgan Chase & Co. now owns 258,824 shares of the technology company's stock valued at $40,501,000 after buying an additional 154,003 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Plexus by 1,875.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 137,466 shares of the technology company's stock worth $21,511,000 after acquiring an additional 130,506 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Patrick John Jermain sold 4,328 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 25,637 shares of the company's stock, valued at $3,391,518.73. This represents a 14.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Running sold 1,250 shares of Plexus stock in a transaction that occurred on 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 sale, the insider now directly owns 1,276 shares in the company, valued at $176,879.12. This trade represents a 49.49% decrease in their position. The disclosure for this sale can be found here. 1.76% of the stock is owned by insiders.

Plexus Price Performance

Shares of NASDAQ:PLXS traded down $0.15 during trading on Wednesday, reaching $132.03. 7,278 shares of the company traded hands, compared to its average volume of 167,963. Plexus Corp. has a 52 week low of $100.96 and a 52 week high of $172.89. The firm has a market capitalization of $3.58 billion, a PE ratio of 30.61 and a beta of 0.80. 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's 50 day moving average is $125.33 and its two-hundred day moving average is $142.84.

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

Wall Street Analysts Forecast Growth

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

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.