Dean Investment Associates LLC grew its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,555 shares of the technology company’s stock after acquiring an additional 5,725 shares during the period. Plexus accounts for approximately 1.0% of Dean Investment Associates LLC’s portfolio, making the stock its 21st largest holding. Dean Investment Associates LLC owned 0.35% of Plexus worth $6,536,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. California Public Employees Retirement System lifted its position in shares of Plexus by 2.3% during the third quarter. California Public Employees Retirement System now owns 86,794 shares of the technology company’s stock worth $4,867,000 after acquiring an additional 1,942 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Plexus during the third quarter worth $514,000. Vident Investment Advisory LLC lifted its position in shares of Plexus by 2.7% during the third quarter. Vident Investment Advisory LLC now owns 40,472 shares of the technology company’s stock worth $2,270,000 after acquiring an additional 1,061 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Plexus by 45.7% during the third quarter. Allianz Asset Management GmbH now owns 63,817 shares of the technology company’s stock worth $3,579,000 after acquiring an additional 20,010 shares in the last quarter. Finally, Nicholas Investment Partners LP purchased a new stake in shares of Plexus during the third quarter worth $1,880,000. Hedge funds and other institutional investors own 94.16% of the company’s stock.

PLXS has been the topic of several recent research reports. Citigroup increased their target price on Plexus from $59.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Stifel Nicolaus restated a “hold” rating and set a $54.00 target price on shares of Plexus in a research report on Tuesday, September 12th. Zacks Investment Research downgraded Plexus from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. J P Morgan Chase & Co downgraded Plexus from an “overweight” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a research report on Tuesday, October 10th. Finally, ValuEngine upgraded Plexus from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Plexus has an average rating of “Hold” and a consensus price target of $57.86.

Shares of Plexus Corp. (PLXS) opened at $61.28 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.78 and a quick ratio of 1.06. Plexus Corp. has a 12-month low of $49.06 and a 12-month high of $64.12. The stock has a market capitalization of $2,060.00, a price-to-earnings ratio of 18.79 and a beta of 0.87.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. Plexus had a return on equity of 11.48% and a net margin of 4.43%. The company had revenue of $670.00 million for the quarter, compared to the consensus estimate of $676.23 million. During the same quarter last year, the business posted $0.82 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. analysts expect that Plexus Corp. will post 3.41 EPS for the current fiscal year.

In related news, Chairman Dean A. Foate sold 1,000 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $60.38, for a total value of $60,380.00. Following the transaction, the chairman now owns 288,920 shares of the company’s stock, valued at $17,444,989.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Yong Jin Lim sold 10,000 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $63.07, for a total value of $630,700.00. Following the completion of the transaction, the insider now directly owns 58,890 shares in the company, valued at approximately $3,714,192.30. The disclosure for this sale can be found here. Insiders sold 205,696 shares of company stock worth $12,706,971 in the last quarter. 4.30% of the stock is currently owned by company insiders.

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Plexus Company Profile

Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company delivers end-to-end solutions for customers in the Americas (AMER), Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.

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Institutional Ownership by Quarter for Plexus (NASDAQ:PLXS)

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