Plantronics, Inc. (PLT) Just Reaches All Time High?

April 24, 2018 - By Linda Rogers

Plantronics, Inc. (NYSE:PLT) Logo

Investors sentiment decreased to 1.06 in 2017 Q4. 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.
Ing Groep Nv has 4,989 shares. Lapides Asset Mngmt Ltd Co reported 66,300 shares. Guggenheim Ltd Liability Company accumulated 0% or 6,633 shares. Tiaa Cref Management Ltd Liability Com reported 0.01% of its portfolio in Plantronics, Inc. (NYSE:PLT). 29,090 were accumulated by Systematic Fincl Mngmt L P. Ls Inv Advsrs Limited Liability Com reported 2,192 shares. Jane Street Grp Inc Ltd Liability Company owns 5,977 shares for 0% of their portfolio. Thrivent Financial For Lutherans holds 0.02% in Plantronics, Inc. (NYSE:PLT) or 97,854 shares. Prudential owns 0.03% invested in Plantronics, Inc. (NYSE:PLT) for 397,828 shares. State Board Of Administration Of Florida Retirement reported 10,866 shares. Intll Inc reported 89,917 shares. Art Ltd Liability Corp has invested 0.02% in Plantronics, Inc. (NYSE:PLT). Dean Cap Management invested 1.09% of its portfolio in Plantronics, Inc. (NYSE:PLT). 335,945 were accumulated by Btim. Mutual Of America Capital Mgmt Ltd Company reported 0.02% stake.

Since January 31, 2018, it had 0 insider purchases, and 8 sales for $376,445 activity. DEXHEIMER BRIAN S also sold $30,950 worth of Plantronics, Inc. (NYSE:PLT) shares.

The stock of Plantronics, Inc. (NYSE:PLT) reached all time high today, Apr, 24 and still has $67.40 target or 3.00 % above today’s $65.44 share price. This indicates more upside for the $2.11 billion company. This technical setup was reported by Barchart.com. If the $67.40 PT is reached, the company will be worth $63.24M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.41% or $0.27 during the last trading session, reaching $65.44. About 208,158 shares traded or 0.52% up from the average. Plantronics, Inc. (NYSE:PLT) has risen 2.93% since April 24, 2017 and is uptrending. It has underperformed by 8.62% the S&P500.

Analysts await Plantronics, Inc. (NYSE:PLT) to report earnings on May, 7. They expect $0.62 EPS, up 1.64 % or $0.01 from last year’s $0.61 per share. PLT’s profit will be $19.97M for 26.39 P/E if the $0.62 EPS becomes a reality. After $0.77 actual EPS reported by Plantronics, Inc. for the previous quarter, Wall Street now forecasts -19.48 % negative EPS growth.

Plantronics, Inc. (NYSE:PLT) Ratings Coverage

Among 3 analysts covering Plantronics (NYSE:PLT), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Plantronics had 7 analyst reports since November 1, 2017 according to SRatingsIntel. Sidoti upgraded the shares of PLT in report on Thursday, March 29 to “Buy” rating. The rating was upgraded by Sidoti on Tuesday, January 2 to “Buy”. The stock of Plantronics, Inc. (NYSE:PLT) earned “Buy” rating by Northland Capital on Thursday, January 11. The firm has “Neutral” rating by Sidoti given on Thursday, February 1. Roth Capital maintained it with “Buy” rating and $55.0 target in Wednesday, November 1 report. The firm has “Buy” rating given on Wednesday, January 31 by Roth Capital. The rating was maintained by Northland Capital with “Buy” on Wednesday, January 31.

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 $2.11 billion. The firm also makes and markets specialty telephone products under the Clarity brand. It has a 240.59 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

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