Plantronics (NYSE:PLT) has been assigned a $60.00 target price by research analysts at Northland Securities in a report issued on Friday. The firm currently has a “buy” rating on the technology company’s stock. Northland Securities’ price target indicates a potential upside of 9.01% from the company’s current price.

Several other research analysts also recently commented on the stock. Sidoti raised shares of Plantronics from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Tuesday, January 2nd. TheStreet raised shares of Plantronics from a “c+” rating to a “b” rating in a research note on Friday, November 24th. Roth Capital set a $55.00 target price on shares of Plantronics and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Plantronics from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $58.75.

Plantronics (NYSE:PLT) traded up $0.68 during mid-day trading on Friday, hitting $55.04. 215,348 shares of the company’s stock traded hands, compared to its average volume of 142,500. The stock has a market capitalization of $1,819.95, a P/E ratio of 22.65, a PEG ratio of 1.68 and a beta of 1.31. Plantronics has a 52-week low of $41.28 and a 52-week high of $58.27. The company has a debt-to-equity ratio of 1.27, a current ratio of 6.44 and a quick ratio of 5.90.

In related news, Director Maria Martinez sold 2,874 shares of Plantronics stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $51.25, for a total value of $147,292.50. Following the sale, the director now owns 7,389 shares in the company, valued at $378,686.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joseph B. Burton sold 3,188 shares of Plantronics stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $51.87, for a total transaction of $165,361.56. Following the completion of the sale, the chief executive officer now owns 92,373 shares in the company, valued at approximately $4,791,387.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,145 shares of company stock worth $1,420,777. 3.20% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Plantronics by 1.3% in the second quarter. Vanguard Group Inc. now owns 2,762,404 shares of the technology company’s stock valued at $144,502,000 after acquiring an additional 34,223 shares in the last quarter. Capital Fund Management S.A. bought a new stake in Plantronics in the second quarter valued at $1,245,000. American International Group Inc. boosted its holdings in Plantronics by 3.1% in the third quarter. American International Group Inc. now owns 91,089 shares of the technology company’s stock valued at $4,028,000 after acquiring an additional 2,775 shares in the last quarter. Stevens Capital Management LP bought a new stake in Plantronics in the second quarter valued at $705,000. Finally, Bessemer Group Inc. boosted its holdings in Plantronics by 25.9% in the third quarter. Bessemer Group Inc. now owns 38,400 shares of the technology company’s stock valued at $1,698,000 after acquiring an additional 7,900 shares in the last quarter. Institutional investors and hedge funds own 90.89% of the company’s stock.

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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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