What’s Ahead for Plantronics, Inc. (PLT) After Touching All-Time High?

April 24, 2018 - By Peter Erickson

Plantronics, Inc. (NYSE:PLT) Logo

Investors sentiment decreased to 1.06 in 2017 Q4. Its down 0.13, from 1.19 in 2017Q3. It dived, 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.
Michigan-based State Treasurer State Of Michigan has invested 0% in Plantronics, Inc. (NYSE:PLT). Disciplined Growth Investors Inc Mn reported 1.91M shares stake. Rhumbline Advisers stated it has 0.01% in Plantronics, Inc. (NYSE:PLT). Numeric Ltd Liability Com reported 315,803 shares stake. Ameritas Investment Ptnrs accumulated 12,649 shares. Btim holds 0.25% or 335,945 shares in its portfolio. Wells Fargo And Mn reported 132,669 shares. 17,687 were reported by Cubist Systematic Strategies Ltd Liability. C M Bidwell Assoc Ltd reported 3,865 shares. Valley Natl Advisers Inc, Pennsylvania-based fund reported 15 shares. Gamco Invsts Et Al has invested 0.01% in Plantronics, Inc. (NYSE:PLT). First Mercantile reported 1,810 shares. Prudential Financial, a New Jersey-based fund reported 397,828 shares. Liberty Mutual Group Inc Asset Mngmt invested 0.01% of its portfolio in Plantronics, Inc. (NYSE:PLT). California State Teachers Retirement System reported 0.01% in Plantronics, Inc. (NYSE:PLT).

Since January 31, 2018, it had 0 insider purchases, and 8 selling transactions for $376,445 activity. $1,694 worth of Plantronics, Inc. (NYSE:PLT) was sold by SARKAR SHANTANU on Monday, March 5.

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 $19.97 million 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. The stock has “Buy” rating by Sidoti on Thursday, March 29. The stock of Plantronics, Inc. (NYSE:PLT) has “Buy” rating given on Wednesday, November 1 by Roth Capital. Northland Capital maintained Plantronics, Inc. (NYSE:PLT) on Thursday, January 11 with “Buy” rating. Sidoti upgraded the stock to “Buy” rating in Tuesday, January 2 report. Roth Capital maintained Plantronics, Inc. (NYSE:PLT) rating on Wednesday, January 31. Roth Capital has “Buy” rating and $60.0 target. Northland Capital maintained Plantronics, Inc. (NYSE:PLT) on Wednesday, January 31 with “Buy” rating. Sidoti downgraded the shares of PLT in report on Thursday, February 1 to “Neutral” rating.

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

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.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: