Keeley Teton Advisors LLC decreased its position in shares of Plantronics Inc (NYSE:PLT) by 7.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,780 shares of the technology company’s stock after selling 2,700 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Plantronics were worth $1,651,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of PLT. C M Bidwell & Associates Ltd. acquired a new position in Plantronics during the 4th quarter worth $195,000. Tower Research Capital LLC TRC raised its position in shares of Plantronics by 69.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the technology company’s stock valued at $235,000 after acquiring an additional 1,904 shares during the last quarter. ING Groep NV bought a new stake in shares of Plantronics during the 4th quarter valued at $251,000. Quantbot Technologies LP raised its position in shares of Plantronics by 490.3% during the 3rd quarter. Quantbot Technologies LP now owns 6,045 shares of the technology company’s stock valued at $267,000 after acquiring an additional 5,021 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Plantronics during the 4th quarter valued at $277,000. 91.37% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Plantronics Inc (NYSE PLT) opened at $58.87 on Friday. The company has a market cap of $1,947.18, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 1.56 and a beta of 1.39. Plantronics Inc has a 1 year low of $41.28 and a 1 year high of $60.49. The company has a current ratio of 6.76, a quick ratio of 6.16 and a debt-to-equity ratio of 1.50.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Tuesday, February 20th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, February 16th. Plantronics’s dividend payout ratio is currently 285.73%.
In related news, insider Shantanu Sarkar sold 1,151 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $57.82, for a total value of $66,550.82. Following the completion of the sale, the insider now owns 17,564 shares in the company, valued at approximately $1,015,550.48. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Joseph B. Burton sold 5,117 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $57.51, for a total transaction of $294,278.67. Following the completion of the sale, the chief executive officer now owns 89,685 shares of the company’s stock, valued at approximately $5,157,784.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,799 shares of company stock valued at $508,823. 3.20% of the stock is owned by corporate insiders.
Several brokerages have commented on PLT. Roth Capital upped their target price on shares of Plantronics from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. TheStreet cut shares of Plantronics from a “b” rating to a “c” rating in a research report on Friday, February 2nd. Sidoti cut shares of Plantronics from a “buy” rating to a “neutral” rating and set a $60.00 target price for the company. in a research report on Thursday, February 1st. Finally, Northland Securities set a $60.00 target price on shares of Plantronics and gave the company a “buy” rating in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $60.00.
Plantronics Company Profile
Plantronics, Inc (Plantronics) is engaged in the design, manufacture, and distribution of headsets for business and consumer applications, and other specialty products for the hearing impaired. The Company is a global designer, manufacturer and marketer of communications headsets, telephone headset systems, other communication endpoints and accessories for the business and consumer markets.
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