Schonfeld Strategic Advisors LLC Purchases Shares of 2,050 Plexus Corp. (NASDAQ:PLXS)

Schonfeld Strategic Advisors LLC acquired a new position in Plexus Corp. (NASDAQ:PLXS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,050 shares of the technology company's stock, valued at approximately $321,000.

Several other institutional investors have also added to or reduced their stakes in PLXS. Blue Trust Inc. increased its holdings in shares of 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 acquiring an additional 84 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake 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. Tocqueville Asset Management L.P. boosted its position in Plexus by 1.8% during the fourth quarter. Tocqueville Asset Management L.P. now owns 5,907 shares of the technology company's stock valued at $924,000 after purchasing an additional 107 shares in the last quarter. Aquatic Capital Management LLC grew its stake in Plexus by 134.0% in the fourth 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 during the last quarter. Finally, TD Private Client Wealth LLC bought a new position in Plexus in the fourth quarter worth about $28,000. Institutional investors own 94.45% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus set a $145.00 price objective on shares of Plexus in a research note on Thursday, April 24th. Needham & Company LLC reaffirmed a "buy" rating and issued a $162.00 price target (down from $172.00) on shares of Plexus in a report on Friday, April 25th. Finally, Benchmark reiterated a "buy" rating and set a $160.00 price objective on shares of Plexus in a report on Friday. 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, the company presently has an average rating of "Moderate Buy" and an average target price of $155.67.

Plexus Stock Up 1.2%

Shares of PLXS traded up $1.58 during mid-day trading on Friday, hitting $134.28. 137,638 shares of the company traded hands, compared to its average volume of 168,047. The company has a market capitalization of $3.64 billion, a PE ratio of 31.16 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 business has a 50 day moving average of $124.67 and a 200 day moving average of $143.12. Plexus Corp. has a 1-year low of $100.96 and a 1-year high of $172.89.

Plexus (NASDAQ:PLXS - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $980.17 million during the quarter, compared to analysts' expectations of $980.07 million. Plexus had a net margin of 3.03% and a return on equity of 10.36%. The business's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.94 earnings per share. Equities research analysts anticipate that Plexus Corp. will post 5.9 EPS for the current year.

Insider Transactions at Plexus

In related news, insider Michael J. Running sold 1,250 shares of the firm's stock in a transaction on Friday, February 21st. The shares were 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 owns 1,276 shares of the company's stock, valued at $176,879.12. This trade represents a 49.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Todd P. Kelsey sold 2,000 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $140.00, for a total transaction of $280,000.00. Following the completion of the sale, the chief executive officer now directly owns 87,665 shares in the company, valued at approximately $12,273,100. The trade was a 2.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,137 shares of company stock worth $577,916 over the last three months. 1.76% of the stock is currently owned by 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.