Dana Investment Advisors Inc. Has $4.15 Million Stock Holdings in Plexus Corp. (NASDAQ:PLXS)

Dana Investment Advisors Inc. decreased its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,516 shares of the technology company’s stock after selling 3,463 shares during the period. Dana Investment Advisors Inc. owned 0.10% of Plexus worth $4,149,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP lifted its position in shares of Plexus by 573.5% during the third quarter. Quarry LP now owns 229 shares of the technology company’s stock worth $31,000 after purchasing an additional 195 shares in the last quarter. R Squared Ltd bought a new position in Plexus in the 4th quarter worth approximately $45,000. USA Financial Formulas acquired a new position in Plexus during the 4th quarter worth $56,000. Point72 DIFC Ltd bought a new position in Plexus in the 3rd quarter valued at $51,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Plexus in the 3rd quarter valued at $55,000. Institutional investors own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PLXS. StockNews.com raised Plexus from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Needham & Company LLC upped their target price on shares of Plexus from $162.00 to $172.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Benchmark reiterated a “buy” rating and set a $165.00 price target on shares of Plexus in a research report on Wednesday, January 22nd. Finally, Stifel Nicolaus started coverage on shares of Plexus in a report on Tuesday, February 4th. They issued a “hold” rating and a $152.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $163.00.

Insider Activity

In other news, CEO Todd P. Kelsey sold 1,500 shares of Plexus stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $156.39, for a total transaction of $234,585.00. Following the transaction, the chief executive officer now owns 74,271 shares in the company, valued at $11,615,241.69. The trade was a 1.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Angelo Michael Ninivaggi, Jr. sold 3,423 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $145.14, for a total value of $496,814.22. Following the sale, the chief accounting officer now directly owns 29,501 shares of the company’s stock, valued at approximately $4,281,775.14. The trade was a 10.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,458 shares of company stock valued at $2,786,515 in the last quarter. Company insiders own 1.76% of the company’s stock.

Plexus Trading Down 2.4 %

NASDAQ:PLXS opened at $124.33 on Friday. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 28.85 and a beta of 0.89. Plexus Corp. has a 1-year low of $90.18 and a 1-year high of $172.89. The business’s 50-day moving average price is $148.35 and its two-hundred day moving average price is $145.69. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, January 22nd. The technology company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.10). Plexus had a return on equity of 10.36% and a net margin of 3.03%. On average, equities analysts expect that Plexus Corp. will post 5.9 earnings per share for the current year.

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.