Dana Investment Advisors Inc. Sells 3,463 Shares of Plexus Corp. (NASDAQ:PLXS)

Dana Investment Advisors Inc. lessened its position in Plexus Corp. (NASDAQ:PLXS - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 reporting period.

Other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Plexus in the third quarter worth about $208,000. Farther Finance Advisors LLC lifted its holdings in Plexus by 89.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 464 shares of the technology company's stock worth $63,000 after buying an additional 219 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Plexus by 6.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 7,744 shares of the technology company's stock worth $1,059,000 after buying an additional 476 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of Plexus by 13.9% during the third quarter. QRG Capital Management Inc. now owns 4,226 shares of the technology company's stock valued at $578,000 after buying an additional 516 shares during the period. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of Plexus by 9.5% during the third quarter. Crossmark Global Holdings Inc. now owns 3,977 shares of the technology company's stock valued at $544,000 after acquiring an additional 344 shares in the last quarter. Institutional investors own 94.45% of the company's stock.

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Plexus Stock Down 2.9 %

Shares of NASDAQ:PLXS traded down $3.67 during midday trading on Monday, reaching $121.09. The company's stock had a trading volume of 223,519 shares, compared to its average volume of 147,351. Plexus Corp. has a 12-month low of $90.18 and a 12-month high of $172.89. The firm has a market capitalization of $3.27 billion, a P/E ratio of 28.10 and a beta of 0.90. The firm has a 50 day moving average of $146.94 and a 200-day moving average of $145.83. 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 (NASDAQ:PLXS - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.10). Plexus had a net margin of 3.03% and a return on equity of 10.36%. On average, research analysts anticipate that Plexus Corp. will post 5.9 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Todd P. Kelsey sold 1,500 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $136.96, for a total value of $205,440.00. Following the transaction, the chief executive officer now directly owns 86,932 shares of the company's stock, valued at approximately $11,906,206.72. This represents a 1.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael J. Running sold 1,250 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $138.62, for a total value of $173,275.00. Following the sale, the insider now owns 1,276 shares in the company, valued at approximately $176,879.12. This represents a 49.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,458 shares of company stock valued at $2,786,515. 1.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on PLXS. Stifel Nicolaus assumed coverage on shares of Plexus in a report on Tuesday, February 4th. They issued a "hold" rating and a $152.00 price target on the stock. Needham & Company LLC boosted their price target 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. StockNews.com raised shares of Plexus from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Finally, Benchmark reaffirmed a "buy" rating and set a $165.00 price objective on shares of Plexus in a research report on Wednesday, January 22nd. Two 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.00.

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.