Plantronics, Inc. (PLT) Sets 12-Month High

June 29, 2018 - By Charla Downs

Plantronics, Inc. (NYSE:PLT) Corporate Logo

Big Money Sentiment increased to 1.11 in 2018 Q1. It has change of 0.05, from 2017Q4’s 1.06. The ratio is positive due to Plantronics, Inc. positioning: 16 sold and 66 reduced. 33 funds bought holdings and 58 increased holdings. Investors holded 29.76 million in 2017Q4 but now own 28.74 million shares or 3.41% less.
Highland Cap Management L P has invested 0.02% of its capital in Plantronics, Inc. (NYSE:PLT). Gamco Invsts Et Al holds 40,000 shs or 0.02% of its capital. Swiss Financial Bank stated it has 58,400 shs or 0% of all its holdings. Shell Asset Management holds 157,202 shs. Cornerstone Advsr holds 0% of its capital in Plantronics, Inc. (NYSE:PLT) for 16 shs. First Tru Limited Partnership reported 22,865 shs. Geode Cap Mgmt Limited reported 0.01% in Plantronics, Inc. (NYSE:PLT). Chicago Equity owns 107,595 shs for 0.21% of their capital. Rhumbline Advisers reported 71,164 shs. United Service Automobile Association reported 0% of its capital in Plantronics, Inc. (NYSE:PLT). Pnc Fincl Svcs Gp Inc Inc accumulated 337 shs or 0% of the stock. Parametric Portfolio Assoc Limited Liability Com holds 88,139 shs or 0.01% of its capital. Ny State Teachers Retirement Sys, New York-based fund reported 80,106 shs. Ameritas Partners holds 12,649 shs or 0.04% of its capital. Thrivent Fin For Lutherans invested 0.02% of its capital in Plantronics, Inc. (NYSE:PLT).

Plantronics, Inc. had 14 insider sales and 0 insider buys since January 31, 2018. This’s net activity of $1.37 million. DEXHEIMER BRIAN S had sold 500 shs worth $31,450 on Monday, April 16. On Wednesday, May 9 TSEU MARVIN sold $200,016 worth of Plantronics, Inc. (NYSE:PLT) or 3,000 shs. On Thursday, May 31 HAMMANN GREGGORY C had sold 4,293 shs worth $329,895. On Tuesday, May 8 $199,577 worth of stock was sold by MOHR MARSHALL. Strayer Pamela J sold 3,903 shs worth $258,732.

Plantronics, Inc. (NYSE:PLT) reached 52 week high with $80.88 price target or 5.00 % above the last $77.03 share price. It was announced on Jun, 29 according to Barchart.com. It has $2.57B market cap. At $80.88 stock price target, the company valuation changes by $128.60 million more.

PLT reached $77.03 during the last trading session after $0.42 change.Currently Plantronics, Inc. is uptrending after 39.78% change in last June 29, 2017. PLT has also 37,587 shares volume. PLT outperformed by 27.21% the S&P500.

On July, 26 WallStreet anticipated Plantronics, Inc. (NYSE:PLT)’s earnings release, RTT reports. Analysts predict 5.77 % diference or $0.49 from the $0.52 EPS from 2017. If $0.49 is reported, PLT’s profit will be $16.36M for 39.30 P/E. Wall Street now sees -42.35 % negative EPS growth despite Plantronics, Inc. previous quarter’s EPS of $0.85.

Plantronics, Inc. (NYSE:PLT) Ratings Coverage

In total 3 analysts cover Plantronics Inc. (NYSE:PLT). “Buy” rating has 3, “Sell” are 0, while 0 are “Hold”. (NYSE:PLT) has 100% bullish analysts. With $64.0 highest and $60.0 lowest PT, Plantronics Inc. has $62 average PT or -19.51% below the current ($77.03) price. 6 are the (NYSE:PLT)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. The company rating was downgraded by Sidoti on Thursday, February 1. The stock rating was maintained by Northland Capital with “Buy” on Thursday, January 11. On Tuesday, January 2 the stock of Plantronics, Inc. (NYSE:PLT) has “Buy” rating given by Sidoti. On Thursday, March 29 Sidoti upgraded Plantronics, Inc. (NYSE:PLT) to “Buy” rating. On Wednesday, January 31 the stock of Plantronics, Inc. (NYSE:PLT) earned “Buy” rating by Roth Capital. On Wednesday, January 31 Northland Capital maintained Plantronics, Inc. (NYSE:PLT) rating. Northland Capital has “Buy” rating and $64.0 target.

Another two news for Plantronics, Inc. (NYSE:PLT) were recently brought out by: Nasdaq.com on June 26, 2018 with title “Plantronics Recognized by Leesman as a Leader in Employee Satisfaction and Workplace Effectiveness for Its …”. The other Globenewswire.com‘s article was titled “A New Global Study Finds the Noise Epidemic Worsening at Work, With Employees in Noisy Offices More Likely to …” and brought out on June 12, 2018.

Plantronics, Inc. designs, manufactures, and markets lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets under the Plantronics brand worldwide.The company has $2.57 billion market cap. The firm also makes and markets specialty telephone products under the Clarity brand.283.18 is the P/E ratio. The Company’s primary products include corded and cordless communication headsets; audio processors; telephone systems; Bluetooth and corded products; personal computer and gaming headsets; and specialty products for hearing impaired individuals.

Plantronics, Inc. (NYSE:PLT) Institutional Investors Chart

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