Plantronics, Inc. (PLT) Just Reaches 52-Week High?

May 20, 2018 - By reb123z

Plantronics, Inc. (NYSE:PLT) Logo

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.13, from 1.19 in 2017Q3. It turned negative, as 13 investors sold Plantronics, Inc. shares while 69 reduced holdings. 38 funds opened positions while 49 raised stakes. 29.76 million shares or 0.41% more from 29.64 million shares in 2017Q3 were reported.
Geode Cap Mgmt Limited holds 410,648 shares or 0.01% of its portfolio. Hanson Doremus Invest invested in 0.21% or 12,611 shares. Whittier Com Of Nevada Incorporated invested in 0.02% or 4,486 shares. Barrow Hanley Mewhinney Strauss Limited holds 0.01% or 90,714 shares in its portfolio. Amalgamated National Bank & Trust holds 0.01% in Plantronics, Inc. (NYSE:PLT) or 4,822 shares. Macquarie Grp Inc Limited has 594,982 shares for 0.05% of their portfolio. Mason Street Advisors Lc owns 16,291 shares. Riverhead Cap Ltd accumulated 3,521 shares. Legal General Grp Plc stated it has 28,012 shares. Vanguard Grp Inc Inc owns 2.81 million shares for 0.01% of their portfolio. Coldstream Mngmt owns 14,527 shares for 0.08% of their portfolio. Retirement Systems Of Alabama has 0.01% invested in Plantronics, Inc. (NYSE:PLT). Koch Industries reported 5,505 shares or 0.04% of all its holdings. Gabelli Funds Limited Liability Corporation stated it has 10,000 shares or 0% of all its holdings. Cubist Systematic Strategies Lc holds 17,687 shares.

Since January 31, 2018, it had 0 insider purchases, and 12 sales for $1.04 million activity. Another trade for 3,903 shares valued at $258,732 was made by Strayer Pamela J on Monday, May 7. Another trade for 1,151 shares valued at $66,556 was made by SARKAR SHANTANU on Friday, February 2. TSEU MARVIN sold $200,016 worth of stock. 3,000 shares were sold by MOHR MARSHALL, worth $199,577 on Tuesday, May 8.

The stock of Plantronics, Inc. (NYSE:PLT) hit a new 52-week high and has $75.27 target or 7.00 % above today’s $70.35 share price. The 9 months bullish chart indicates low risk for the $2.34 billion company. The 1-year high was reported on May, 20 by Barchart.com. If the $75.27 price target is reached, the company will be worth $163.73 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.09% or $0.76 during the last trading session, reaching $70.35. About 233,341 shares traded or 11.50% up from the average. Plantronics, Inc. (NYSE:PLT) has risen 2.93% since May 20, 2017 and is uptrending. It has underperformed by 8.62% the S&P500.

Analysts await Plantronics, Inc. (NYSE:PLT) to report earnings on July, 26. They expect $0.49 earnings per share, down 5.77 % or $0.03 from last year’s $0.52 per share. PLT’s profit will be $16.29M for 35.89 P/E if the $0.49 EPS becomes a reality. After $0.85 actual earnings per share reported by Plantronics, Inc. for the previous quarter, Wall Street now forecasts -42.35 % negative EPS growth.

Plantronics, Inc. (NYSE:PLT) Ratings Coverage

Among 3 analysts covering Plantronics Inc. (NYSE:PLT), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Plantronics Inc. had 6 analyst reports since January 2, 2018 according to SRatingsIntel. The company was downgraded on Thursday, February 1 by Sidoti. The stock of Plantronics, Inc. (NYSE:PLT) earned “Buy” rating by Northland Capital on Thursday, January 11. As per Wednesday, January 31, the company rating was maintained by Northland Capital. On Tuesday, January 2 the stock rating was upgraded by Sidoti to “Buy”. The rating was maintained by Roth Capital with “Buy” on Wednesday, January 31. The firm earned “Buy” rating on Thursday, March 29 by Sidoti.

More important recent Plantronics, Inc. (NYSE:PLT) news were published by: Seekingalpha.com which released: “Plantronics Inc. 2018 Q4 – Results – Earnings Call Slides” on May 02, 2018, also Benzinga.com published article titled: “Earnings Preview For Plantronics”, Globenewswire.com published: “Plantronics Announces Fourth Quarter and Fiscal Year 2018 Financial Results” on May 01, 2018. More interesting news about Plantronics, Inc. (NYSE:PLT) was released by: Seekingalpha.com and their article: “Plantronics’ (PLT) CEO Joe Burton on Q4 2018 Results – Earnings Call Transcript” with publication date: May 02, 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 market cap of $2.34 billion. The firm also makes and markets specialty telephone products under the Clarity brand. It has a 258.64 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 Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.