Plantronics, Inc. (NYSE:PLT) has made a 34.3% comeback from a 12-month low price of $30.9. It was seen -3.35% lower, changing the price to $41.5, when the closing bell rang on 6/6/2019. At a recent session, the prices were hovering between $40.1 and $43.53. This company shares are 110.84% off its target price of $87.5 and the current market capitalization stands at $1.61B. The recent change has given its price a -13.96% deficit over SMA 50 and -49.56% deficit over its 52-week high. The stock witnessed -18.71% declines, -12.74% declines and -8.99% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PLT’s volatility during a week at 4.75% and during a month it has been found around 4.23%.Plantronics, Inc. (PLT) Top Holders
Institutional investors currently hold around $1.68 billion or 98.76% in PLT stock. Look at its top three institutional owners: Siris Capital Group, Llc owns $272.76 million in Plantronics, Inc., which represents roughly 16.94% of the company’s market cap and approximately 16.21% of the institutional ownership. Similar statistics are true for the second largest owner, Primecap Management Co/Ca/, which owns 4,485,550 shares of the stock are valued at $192.61 million. The third largest holder is Blackrock Inc., which currently holds $166.34 million worth of this stock and that ownership represents nearly 10.33% of its market capitalization.
At the end of March reporting period, 121 institutional holders increased their position in Plantronics, Inc. (NYSE:PLT) by some 4,590,930 shares, 89 decreased positions by 3,723,539 and 37 held positions by 30,877,143. That puts total institutional holdings at 39,191,612 shares, according to SEC filings. The stock grabbed 60 new institutional investments totaling 3,356,516 shares while 20 institutional investors sold out their entire positions totaling 444,272 shares.Plantronics, Inc. (NYSE:PLT) Insider Trades
Multiple company employees have indulged in significant insider trading. Plantronics, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that TOP SALES EXECUTIVE – GLOBAL.E LOEBBAKA JEFF has sold 1,334 shares of Plantronics, Inc. (PLT) in the trading session dated May. 14, 2019. These shares are worth $58,736 and were traded at $44.03 each. The SEC filing shows that BOYNTON CHARLES D performed a purchase of 2,000 shares. The TOP FINANCIAL EXECUTIVE – CFO. added these shares by way of transaction on May. 10, 2019. The company’s shares were assimilated at $42.8 per share worth to an investment of some $85,600 to the account of BOYNTON CHARLES D.
Director, TSEU MARVIN, sold 4,238 common shares of Plantronics, Inc. (PLT) in the open market. In a transaction dated Feb. 21, 2019, the shares were put up for sale at an average price of $48.88, raking in a sum of $207,153. After this sale, 20,638 common shares of PLT are directly owned by the insider, with total stake valued at $856,477.
In the transaction dated Feb. 19, 2019, a great number of shares acquired came courtesy the Director; JOURET GUIDO added a total of 1,500 shares at an average price of $49.03, amounting to approximately $73,545. The insider now directly owns 4,988 shares worth $207,002.
Several analysts have released their opinion on Plantronics, Inc. (NYSE:PLT), with 3 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.25 average brokerage recommendation [T1].