Plantronics, Inc. (NYSE:PLT) has earned an average rating of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $57.33.

PLT has been the subject of a number of recent research reports. Zacks Investment Research cut Plantronics from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. TheStreet cut Plantronics from a “b-” rating to a “c+” rating in a research report on Monday, August 21st. Finally, Roth Capital set a $55.00 price objective on Plantronics and gave the stock a “buy” rating in a research report on Wednesday, November 1st.

In other Plantronics news, Director John Hart sold 21,083 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $52.56, for a total value of $1,108,122.48. Following the sale, the director now directly owns 11,094 shares of the company’s stock, valued at approximately $583,100.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joseph B. Burton sold 3,188 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $51.87, for a total value of $165,361.56. Following the completion of the sale, the chief executive officer now directly owns 92,373 shares in the company, valued at $4,791,387.51. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,145 shares of company stock valued at $1,420,777. 3.20% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the business. Acrospire Investment Management LLC acquired a new stake in Plantronics in the 2nd quarter worth about $126,000. Riverhead Capital Management LLC boosted its stake in Plantronics by 85.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,597 shares of the technology company’s stock worth $136,000 after buying an additional 1,197 shares during the last quarter. LS Investment Advisors LLC boosted its stake in Plantronics by 17.6% in the 2nd quarter. LS Investment Advisors LLC now owns 2,641 shares of the technology company’s stock worth $138,000 after buying an additional 395 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Plantronics by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,304 shares of the technology company’s stock worth $173,000 after buying an additional 494 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Plantronics by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,839 shares of the technology company’s stock worth $201,000 after buying an additional 31 shares during the last quarter. 90.99% of the stock is currently owned by hedge funds and other institutional investors.

Plantronics (NYSE PLT) traded down $0.37 during trading on Friday, reaching $52.32. The company had a trading volume of 205,400 shares, compared to its average volume of 164,578. The stock has a market cap of $1,745.23, a PE ratio of 23.15, a PEG ratio of 1.61 and a beta of 1.24. Plantronics has a 1 year low of $41.28 and a 1 year high of $58.27. The company has a current ratio of 6.44, a quick ratio of 5.90 and a debt-to-equity ratio of 1.27.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 20th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, November 17th. Plantronics’s dividend payout ratio is presently 24.69%.

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About Plantronics

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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