Westfield Capital Management Co. LP Acquires 155,447 Shares of Plexus Corp. (NASDAQ:PLXS)

Westfield Capital Management Co. LP raised its holdings in Plexus Corp. (NASDAQ:PLXSFree Report) by 108.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 298,262 shares of the technology company’s stock after buying an additional 155,447 shares during the period. Westfield Capital Management Co. LP owned about 1.08% of Plexus worth $32,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Johnson Financial Group Inc. boosted its stake in Plexus by 193.7% during the 4th quarter. Johnson Financial Group Inc. now owns 3,888 shares of the technology company’s stock valued at $420,000 after purchasing an additional 2,564 shares during the last quarter. BNP Paribas Asset Management Holding S.A. raised its position in Plexus by 0.9% in the 4th quarter. BNP Paribas Asset Management Holding S.A. now owns 954,853 shares of the technology company’s stock valued at $103,248,000 after buying an additional 8,243 shares during the last quarter. Trexquant Investment LP purchased a new stake in Plexus in the 4th quarter valued at $915,000. Norges Bank purchased a new stake in shares of Plexus in the fourth quarter valued at about $19,533,000. Finally, First Eagle Investment Management LLC lifted its position in shares of Plexus by 28.0% during the fourth quarter. First Eagle Investment Management LLC now owns 80,712 shares of the technology company’s stock valued at $8,727,000 after purchasing an additional 17,636 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Plexus Stock Performance

Plexus stock traded up $1.91 during midday trading on Friday, reaching $113.33. The stock had a trading volume of 110,075 shares, compared to its average volume of 116,515. The firm has a market capitalization of $3.11 billion, a PE ratio of 31.31 and a beta of 1.00. Plexus Corp. has a 12 month low of $87.21 and a 12 month high of $114.27. The company has a quick ratio of 0.64, a current ratio of 1.51 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average price is $99.81 and its 200 day moving average price is $100.22.

Plexus (NASDAQ:PLXSGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.87 by $0.07. The company had revenue of $966.90 million during the quarter, compared to the consensus estimate of $950.75 million. Plexus had a net margin of 2.54% and a return on equity of 10.77%. Plexus’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period last year, the firm earned $1.45 EPS. As a group, research analysts predict that Plexus Corp. will post 3.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on Plexus from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. TheStreet lowered Plexus from a “b” rating to a “c+” rating in a research report on Tuesday, February 13th. Finally, Needham & Company LLC boosted their price target on shares of Plexus from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $107.75.

View Our Latest Research Report on Plexus

Insider Activity at Plexus

In other Plexus news, CFO Patrick John Jermain sold 4,999 shares of Plexus stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $110.00, for a total transaction of $549,890.00. Following the completion of the transaction, the chief financial officer now owns 34,183 shares of the company’s stock, valued at approximately $3,760,130. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Victor (Pang Hau) Tan sold 2,000 shares of Plexus stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $102.50, for a total transaction of $205,000.00. Following the completion of the sale, the insider now owns 12,605 shares of the company’s stock, valued at $1,292,012.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Patrick John Jermain sold 4,999 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $110.00, for a total value of $549,890.00. Following the completion of the transaction, the chief financial officer now owns 34,183 shares in the company, valued at $3,760,130. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,230 shares of company stock worth $3,760,719. 2.39% of the stock is owned by company insiders.

Plexus Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Plexus (NASDAQ:PLXS)

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