Kennedy Capital Management INC Increased Stake in Plantronics INC (PLT) 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 increased, 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. Verition Fund Management Ltd Liability Corp owns 16,870 shares for 0.03% of their portfolio. The Nebraska-based Ameritas Invest Prtn has invested 0.03% in Plantronics, Inc. (NYSE:PLT). Deprince Race And Zollo stated it has 0.58% of its portfolio in Plantronics, Inc. (NYSE:PLT). Employees Retirement System Of Ohio owns 127,753 shares or 0.03% of their US portfolio. Oberweis Asset Mngmt Inc owns 11,200 shares or 0.1% of their US portfolio. Arizona State Retirement Systems invested 0.01% of its portfolio in Plantronics, Inc. (NYSE:PLT). Great West Life Assurance Can has 20,570 shares for 0% of their portfolio. New Mexico Educational Retirement Board accumulated 6,700 shares. Invesco Limited owns 41,754 shares for 0% of their portfolio. Macquarie Limited has invested 0.06% in Plantronics, Inc. (NYSE:PLT). Benjamin F Edwards Incorporated stated it has 0% in Plantronics, Inc. (NYSE:PLT). Credit Suisse Ag holds 0% in Plantronics, Inc. (NYSE:PLT) or 34,371 shares. Hanson And Doremus Investment Mgmt stated it has 0.24% of its portfolio in Plantronics, Inc. (NYSE:PLT). Oregon Pub Employees Retirement Fund invested in 13,080 shares or 0.01% of the stock. Chicago Equity Partners Ltd Liability holds 51,250 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 $4.21 billion US Long portfolio, decreased its stake in Bruker Corporation (NASDAQ:BRKR) by 126,449 shares to 395,316 shares, valued at $15.20 million in 2019Q1, according to the filing. It also reduced its holding in Shutterstock Inc (NYSE:SSTK) by 147,115 shares in the quarter, leaving it with 45,497 shares, and cut its stake in Merit Medical Systems Inc (NASDAQ:MMSI).

More notable recent Plantronics, Inc. (NYSE:PLT) news were published by: Finance.Yahoo.com which released: “Here’s What Hedge Funds Think About Plantronics, Inc. (PLT) – Yahoo Finance” on June 19, 2019, also Finance.Yahoo.com with their article: “Plantronics, Inc. (NYSE:PLT): Commentary On Fundamentals – Yahoo Finance” published on June 25, 2019, Finance.Yahoo.com published: “Is Plantronics (NYSE:PLT) Using Too Much Debt? – Yahoo Finance” on July 31, 2019. More interesting news about Plantronics, Inc. (NYSE:PLT) were released by: Globenewswire.com and their article: “Plantronics Announces Third Quarter Fiscal Year 2019 Financial Results – GlobeNewswire” published on February 05, 2019 as well as Globenewswire.com‘s news article titled: “Plantronics Announces Upcoming Event with Financial Community – GlobeNewswire” with publication date: February 20, 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 rating was maintained by Sidoti with “Buy” on Wednesday, June 19. The stock of Plantronics, Inc. (NYSE:PLT) has “Buy” rating given on Thursday, March 21 by Northland Capital.

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

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