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

Gotham Asset Management LLC lifted its position in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 50.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,945 shares of the technology company's stock after acquiring an additional 6,037 shares during the quarter. Gotham Asset Management LLC owned approximately 0.07% of Plexus worth $2,808,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. acquired a new position in shares of Plexus in the 4th quarter valued at about $107,489,000. American Century Companies Inc. lifted its stake in shares of Plexus by 72.2% in the 4th 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 during the period. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Plexus in the 4th quarter valued at about $24,747,000. JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 154,003 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Plexus by 1,875.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 137,466 shares of the technology company's stock valued at $21,511,000 after purchasing an additional 130,506 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Plexus Price Performance

Shares of PLXS stock traded down $1.33 on Monday, reaching $132.95. The company's stock had a trading volume of 100,156 shares, compared to its average volume of 168,630. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.07. Plexus Corp. has a 12-month low of $100.96 and a 12-month high of $172.89. The company has a market capitalization of $3.60 billion, a P/E ratio of 30.85 and a beta of 0.80. The stock's 50 day simple moving average is $124.90 and its 200-day simple moving average is $143.02.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.12. The company had revenue of $980.17 million for 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 firm's revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 earnings per share. As a group, equities analysts predict that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Todd P. Kelsey sold 2,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $140.00, for a total value of $280,000.00. Following the sale, the chief executive officer now directly owns 87,665 shares of the company's stock, valued at $12,273,100. This trade represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Randy J. Martinez sold 887 shares of Plexus stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $140.52, for a total transaction of $124,641.24. Following the transaction, the director now owns 4,831 shares of the company's stock, valued at $678,852.12. The trade was a 15.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,465 shares of company stock valued at $1,150,467. 1.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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