Thrivent Financial for Lutherans raised its holdings in Plantronics Inc (NYSE:PLT) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,365 shares of the technology company’s stock after buying an additional 442 shares during the period. Thrivent Financial for Lutherans’ holdings in Plantronics were worth $277,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of PLT. Penserra Capital Management LLC grew its holdings in shares of Plantronics by 38.4% during the fourth quarter. Penserra Capital Management LLC now owns 778 shares of the technology company’s stock worth $25,000 after purchasing an additional 216 shares during the last quarter. Dupont Capital Management Corp purchased a new position in shares of Plantronics during the fourth quarter worth about $166,000. Signition LP grew its holdings in shares of Plantronics by 53.1% during the fourth quarter. Signition LP now owns 6,222 shares of the technology company’s stock worth $206,000 after buying an additional 2,158 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Plantronics by 95.0% during the third quarter. Tower Research Capital LLC TRC now owns 3,615 shares of the technology company’s stock worth $218,000 after buying an additional 1,761 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new position in shares of Plantronics during the third quarter worth about $230,000. Institutional investors own 97.57% of the company’s stock.
A number of research firms recently issued reports on PLT. Northland Securities reissued a “buy” rating and set a $85.00 price target on shares of Plantronics in a report on Thursday, March 21st. Zacks Investment Research raised Plantronics from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Thursday, February 7th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $65.00.
PLT stock opened at $52.39 on Wednesday. Plantronics Inc has a 12-month low of $30.90 and a 12-month high of $82.28. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.53 and a quick ratio of 1.26. The company has a market cap of $2.03 billion, a PE ratio of 19.33 and a beta of 1.49.
Plantronics (NYSE:PLT) last announced its quarterly earnings data on Tuesday, February 5th. The technology company reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.70. Plantronics had a negative net margin of 7.32% and a positive return on equity of 20.15%. The company had revenue of $530.60 million during the quarter, compared to analysts’ expectations of $507.87 million. During the same period in the previous year, the company earned $1.02 EPS. The business’s quarterly revenue was up 134.3% compared to the same quarter last year. On average, analysts forecast that Plantronics Inc will post 3.87 earnings per share for the current year.
In related news, Director Guido Jouret bought 1,500 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were acquired at an average price of $49.03 per share, for a total transaction of $73,545.00. Following the purchase, the director now owns 4,988 shares in the company, valued at approximately $244,561.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Marvin Tseu sold 4,238 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $48.88, for a total transaction of $207,153.44. Following the completion of the sale, the director now owns 24,876 shares in the company, valued at approximately $1,215,938.88. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
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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's enterprise products include headsets optimized for unified communications and collaboration, other corded and cordless communication headsets, audio processors, and telephone systems; and consumer products comprise Bluetooth and corded products for mobile device applications, personal computers, and gaming headsets.
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