Plantronics (NYSE:PLT) Receives a Higher Rating From Sidoti \u0026 Co.. What’s The Reasoning Behind This Move?

August 9, 2018 - By Billy Entrekin

Plantronics, Inc. (NYSE:PLT) Logo

Investors sentiment increased to 1.11 in 2018 Q1. Its up 0.05, from 1.06 in 2017Q4. It increased, as 16 investors sold Plantronics, Inc. shares while 66 reduced holdings. 33 funds opened positions while 58 raised stakes. 28.74 million shares or 3.41% less from 29.76 million shares in 2017Q4 were reported.

Wells Fargo Mn reported 0% stake. Smithfield stated it has 0% of its portfolio in Plantronics, Inc. (NYSE:PLT). Fifth Third Retail Bank has invested 0% in Plantronics, Inc. (NYSE:PLT). Metropolitan Life Insurance holds 19,178 shares or 0% of its portfolio. Credit Suisse Ag stated it has 0% in Plantronics, Inc. (NYSE:PLT). Guggenheim Capital Ltd Liability invested 0% of its portfolio in Plantronics, Inc. (NYSE:PLT). Tower Research Limited Liability Corporation (Trc) has invested 0.03% in Plantronics, Inc. (NYSE:PLT). Oregon Public Employees Retirement Fund has invested 0.01% of its portfolio in Plantronics, Inc. (NYSE:PLT). The Michigan-based State Treasurer State Of Michigan has invested 0.01% in Plantronics, Inc. (NYSE:PLT). Lapides Asset Management Limited Liability Corp invested in 66,300 shares or 0.88% of the stock. Primecap Mngmt Company Ca has 4.86M shares. Teachers Retirement System Of The State Of Kentucky owns 7,550 shares or 0.01% of their US portfolio. 50,985 were accumulated by Gotham Asset Lc. Piermont Cap has 7,030 shares for 0.14% of their portfolio. Bessemer Group Inc Inc reported 0% stake.

Since March 5, 2018, it had 0 insider buys, and 14 insider sales for $1.43 million activity. SARKAR SHANTANU also sold $1,694 worth of Plantronics, Inc. (NYSE:PLT) shares. $329,895 worth of Plantronics, Inc. (NYSE:PLT) was sold by HAMMANN GREGGORY C on Thursday, May 31. DEXHEIMER BRIAN S sold $31,450 worth of stock or 500 shares. Shares for $199,577 were sold by MOHR MARSHALL on Tuesday, May 8. The insider TSEU MARVIN sold 3,000 shares worth $200,016. 3,506 shares were sold by BURTON JOSEPH B, worth $267,720.

Plantronics (NYSE:PLT) Stock Upgrade

It will be interesting to watch today’s trading of shares of Plantronics (NYSE:PLT) as Sidoti \u0026 Co. raised the stock from a Neutral to a respectable Buy.

The stock decreased 1.20% or $0.815 during the last trading session, reaching $67.355. About 107,885 shares traded. Plantronics, Inc. (NYSE:PLT) has risen 39.78% since August 9, 2017 and is uptrending. It has outperformed by 27.21% the S&P500.

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 market cap of $2.68 billion. The firm also makes and markets specialty telephone products under the Clarity brand. It currently has negative earnings. 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.

More recent Plantronics, Inc. (NYSE:PLT) news were published by: Globenewswire.com which released: “Plantronics Announces First Quarter Fiscal Year 2019 Financial Results” on August 07, 2018. Also Globenewswire.com published the news titled: “Polycom Goes All-In on Microsoft Teams at Inspire 2018” on July 16, 2018. Streetinsider.com‘s news article titled: “After-Hours Stock Movers 08/07: (AAOI) (DDD) (MTCH) Higher; (AMPE) (BECN) (CUTR) Lower (more…)” with publication date: August 07, 2018 was also an interesting one.

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

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