Disciplined Growth Investors Inc Mn Lowers stake in Plexus Corp. (PLXS)

Plexus Corp. (PLXS) : Disciplined Growth Investors Inc Mn reduced its stake in Plexus Corp. by 0.99% during the most recent quarter end. The investment management company now holds a total of 3,071,636 shares of Plexus Corp. which is valued at $142,063,165 after selling 30,800 shares in Plexus Corp. , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Plexus Corp. makes up approximately 3.30% of Disciplined Growth Investors Inc Mn’s portfolio.

Other Hedge Funds, Including , Profund Advisors boosted its stake in PLXS in the latest quarter, The investment management firm added 502 additional shares and now holds a total of 10,658 shares of Plexus Corp. which is valued at $492,933. Plexus Corp. makes up approx 0.02% of Profund Advisors’s portfolio.California State Teachers Retirement System reduced its stake in PLXS by selling 1,485 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 69,943 shares of PLXS which is valued at $3,184,505. Plexus Corp. makes up approx 0.01% of California State Teachers Retirement System’s portfolio. Ftb Advisors sold out all of its stake in PLXS during the most recent quarter. The investment firm sold 32 shares of PLXS which is valued $1,470.Shell Asset Management Co reduced its stake in PLXS by selling 2,620 shares or 5.38% in the most recent quarter. The Hedge Fund company now holds 46,099 shares of PLXS which is valued at $2,117,327. Plexus Corp. makes up approx 0.05% of Shell Asset Management Co’s portfolio.

Plexus Corp. opened for trading at $46.52 and hit $46.785 on the upside on Monday, eventually ending the session at $46.55, with a gain of 0.32% or 0.15 points. The heightened volatility saw the trading volume jump to 58,839 shares. Company has a market cap of $1,556 M.

On the company’s financial health, Plexus Corp. reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.77. The company had revenue of $667.61 million for the quarter, compared to analysts expectations of $655.43 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on Plexus Corp.. Company shares were Reiterated by Needham on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $50 .

Plexus Corp. (Plexus) and its subsidiaries are engaged in the Electronic Manufacturing Services (EMS) industry. The Company delivers optimized solutions to its customers through its Product Realization Value Stream. Plexus delivers end-to-end solutions for customers in the Americas (AMER) Europe Middle East and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company serves approximately 140 product companies in the Networking/Communications Healthcare/Life Sciences Industrial/Commercial and Defense/Security/Aerospace market sectors. The Company provides its solutions on a turnkey basis and it procures some or all materials required for product assembly and also provides select services on a consignment basis. The Company’s Design for Excellence (DFX) solutions consist of collection of specific design solutions including design for test design for manufacturability/assembly and design for fabrication.

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