Kennedy Capital Management INC Lifted Its Plantronics INC (PLT) Stake by $7.00 Million as Market Value Declined

Plantronics, Inc. (NYSE:PLT) LogoInvestors sentiment increased to 1.46 in Q1 2019. 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. Kennedy Cap Mgmt has invested 0.49% in Plantronics, Inc. (NYSE:PLT). Lapides Asset Limited Liability Company holds 3.13% or 180,000 shares in its portfolio. Ny State Teachers Retirement Sys invested in 0.01% or 78,906 shares. Castleark Mgmt Limited Liability Company invested 0.31% in Plantronics, Inc. (NYSE:PLT). Panagora Asset Mngmt holds 101,896 shares or 0.02% of its portfolio. Fort Washington Oh invested 0.16% of its portfolio in Plantronics, Inc. (NYSE:PLT). Wedge Mngmt L Ltd Partnership Nc holds 123,550 shares. Federated Invsts Inc Pa reported 16,978 shares. Manufacturers Life Ins Company The, Ontario – Canada-based fund reported 74,130 shares. Ing Groep Nv reported 5,020 shares or 0% of all its holdings. Barclays Public Limited Liability Co reported 0% in Plantronics, Inc. (NYSE:PLT). Ubs Asset Americas Inc invested in 0% or 26,708 shares. Nordea Inv Management Ab holds 64,890 shares. Moreover, Mutual Of America Cap Limited Com has 0.02% invested in Plantronics, Inc. (NYSE:PLT) for 28,655 shares. Metropolitan Life Insurance has 0.03% invested in Plantronics, Inc. (NYSE:PLT) for 45,288 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 $20.42M, 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 Versum Materials Inc by 97,685 shares to 75,168 shares, valued at $3.78 million in 2019Q1, according to the filing. It also reduced its holding in Foot Locker Inc (NYSE:FL) by 50,681 shares in the quarter, leaving it with 150,672 shares, and cut its stake in Sanmina (NASDAQ:SANM).

More notable recent Plantronics, Inc. (NYSE:PLT) news were published by: Globenewswire.com which released: “Plantronics Announces Upcoming Event with Financial Community – GlobeNewswire” on February 20, 2019, also Prnewswire.com with their article: “RIG 700 Wireless Gaming Headset Takes Ultra-Lightweight to the Next Level – PRNewswire” published on August 20, 2019, Finance.Yahoo.com published: “Here’s What Hedge Funds Think About Plantronics, Inc. (PLT) – Yahoo Finance” on June 19, 2019. More interesting news about Plantronics, Inc. (NYSE:PLT) were released by: Finance.Yahoo.com and their article: “Is Plantronics (NYSE:PLT) Using Too Much Debt? – Yahoo Finance” published on July 31, 2019 as well as Globenewswire.com‘s news article titled: “Plantronics Appoints New Chief Financial Officer NYSE:PLT – GlobeNewswire” with publication date: March 11, 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 has “Buy” rating by Sidoti on Wednesday, June 19. As per Thursday, March 21, the company rating was maintained by Northland Capital.

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

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