Plantronics INC (PLT) Shareholder Kennedy Capital Management INC Has Raised Its Position by $7.00 Million

Plantronics, Inc. (NYSE:PLT) LogoInvestors sentiment increased to 1.46 in 2019 Q1. Its up 0.74, from 0.72 in 2018Q4. It is positive, as 15 investors sold PLT shares while 54 reduced holdings. 53 funds opened positions while 48 raised stakes. 30.70 million shares or 1.52% less from 31.18 million shares in 2018Q4 were reported. State Common Retirement Fund invested 0% in Plantronics, Inc. (NYSE:PLT). State Board Of Administration Of Florida Retirement, Florida-based fund reported 12,616 shares. Redmond Asset Management reported 0.64% of its portfolio in Plantronics, Inc. (NYSE:PLT). Fort Washington Oh holds 0.16% or 314,156 shares in its portfolio. Great West Life Assurance Com Can accumulated 20,570 shares or 0% of the stock. Retirement Of Alabama holds 0.01% in Plantronics, Inc. (NYSE:PLT) or 42,647 shares. Clarivest Asset Mngmt Lc has 0.02% invested in Plantronics, Inc. (NYSE:PLT). Deutsche National Bank Ag holds 0% or 97,715 shares in its portfolio. Price T Rowe Associates Inc Md stated it has 0% of its portfolio in Plantronics, Inc. (NYSE:PLT). Riverhead Management Limited Liability has invested 0.01% in Plantronics, Inc. (NYSE:PLT). Bnp Paribas Arbitrage Sa invested in 6,987 shares. Eqis Mngmt invested in 22,795 shares or 0.08% of the stock. Savings Bank Of Montreal Can holds 9,823 shares or 0% of its portfolio. The California-based Assetmark has invested 0% in Plantronics, Inc. (NYSE:PLT). Acadian Asset Mngmt Limited Liability Co accumulated 0% or 589 shares.

Kennedy Capital Management Inc increased its stake in Plantronics Inc (PLT) by 52.32% based on its latest 2019Q1 regulatory filing with the SEC. Kennedy Capital Management Inc bought 152,145 shares as the company’s stock declined 24.88% . The institutional investor held 442,940 shares of the public utilities company at the end of 2019Q1, valued at $20.42 million, up from 290,795 at the end of the previous reported quarter. Kennedy Capital Management Inc who had been investing in Plantronics Inc for a number of months, seems to be bullish on the $1.44B market cap company. The stock increased 7.08% or $2.4 during the last trading session, reaching $36.28. About 490,100 shares traded. Plantronics, Inc. (NYSE:PLT) has declined 44.18% since September 11, 2018 and is downtrending. It has underperformed by 44.18% the S&P500.

Kennedy Capital Management Inc, which manages about $5.67 billion and $4.21B US Long portfolio, decreased its stake in Evo Payments Inc Class A by 291,631 shares to 335,619 shares, valued at $9.75M in 2019Q1, according to the filing. It also reduced its holding in Oshkosh Corp (NYSE:OSK) by 50,783 shares in the quarter, leaving it with 95,120 shares, and cut its stake in Universal Forest Products Inc (NASDAQ:UFPI).

More notable recent Plantronics, Inc. (NYSE:PLT) news were published by: Prnewswire.com which released: “The Next Generation of True Wireless Earbuds from Plantronics Provides All-day Wear for Those On the Go, Working out, or Just Plain Working to Include BackBeat PRO 5100 and BackBeat FIT 3200 – PRNewswire” on September 04, 2019, also Globenewswire.com with their article: “Plantronics Announces Third Quarter Fiscal Year 2019 Financial Results – GlobeNewswire” published on February 05, 2019, Finance.Yahoo.com published: “Plantronics Inc (PLT) Q1 2020 Earnings Call Transcript – Yahoo Finance” on August 07, 2019. More interesting news about Plantronics, Inc. (NYSE:PLT) were released by: Globenewswire.com and their article: “Plantronics Announces Upcoming Event with Financial Community – GlobeNewswire” published on February 20, 2019 as well as Prnewswire.com‘s news article titled: “Poly Commended by Frost & Sullivan for Its Broad Portfolio and Differentiated Value in the Unified Communications & Collaboration Device Market – PRNewswire” with publication date: September 05, 2019.

Plantronics, Inc. (NYSE:PLT) Ratings Coverage

Among 2 analysts covering Plantronics (NYSE:PLT), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Plantronics has $85 highest and $83 lowest target. $84’s average target is 131.53% above currents $36.28 stock price. Plantronics had 7 analyst reports since March 21, 2019 according to SRatingsIntel. The stock of Plantronics, Inc. (NYSE:PLT) earned “Buy” rating by Northland Capital on Thursday, March 21. Sidoti maintained the stock with “Buy” rating in Wednesday, June 19 report.

Plantronics, Inc. (NYSE:PLT) Institutional Positions Chart

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