Disciplined Growth Investors INC Increased Plantronics INC New Com (PLT) Stake by $3.53 Million as Market Value Declined

Plantronics, Inc. (NYSE:PLT) LogoInvestors sentiment decreased to 1.18 in 2019 Q2. Its down 0.28, from 1.46 in 2019Q1. It dropped, as 30 investors sold PLT shares while 49 reduced holdings. 24 funds opened positions while 69 raised stakes. 31.51 million shares or 2.62% more from 30.70 million shares in 2019Q1 were reported. Gemmer Asset Mgmt Ltd invested in 0% or 162 shares. Profit Invest Ltd Company invested in 1.42% or 52,199 shares. Lakewood Cap Mgmt Limited Partnership owns 855,992 shares. Palisade Capital Management Ltd Nj has 161,151 shares. Jpmorgan Chase And invested 0% of its portfolio in Plantronics, Inc. (NYSE:PLT). California State Teachers Retirement accumulated 0% or 51,473 shares. National Bank & Trust Of America De reported 0% stake. Zurcher Kantonalbank (Zurich Cantonalbank) holds 1,951 shares or 0% of its portfolio. Goldman Sachs Gp has 0.01% invested in Plantronics, Inc. (NYSE:PLT) for 694,856 shares. Louisiana State Employees Retirement Sys holds 0.02% or 8,400 shares. Hotchkis Wiley Cap Ltd Liability Corporation has 108,460 shares for 0.02% of their portfolio. Macquarie Group Ltd holds 0.05% or 705,420 shares in its portfolio. Coldstream Mgmt has invested 0.07% in Plantronics, Inc. (NYSE:PLT). The Massachusetts-based Panagora Asset Mgmt has invested 0% in Plantronics, Inc. (NYSE:PLT). Disciplined Growth Incorporated Mn has invested 1.43% in Plantronics, Inc. (NYSE:PLT).

Disciplined Growth Investors Inc increased its stake in Plantronics Inc New Com (PLT) by 4.81% based on its latest 2019Q2 regulatory filing with the SEC. Disciplined Growth Investors Inc bought 95,428 shares as the company’s stock declined 24.88% . The institutional investor held 2.08 million shares of the public utilities company at the end of 2019Q2, valued at $77.04 million, up from 1.98 million at the end of the previous reported quarter. Disciplined Growth Investors Inc who had been investing in Plantronics Inc New Com for a number of months, seems to be bullish on the $1.42B market cap company. The stock decreased 1.19% or $0.43 during the last trading session, reaching $35.79. About 261,162 shares traded. Plantronics, Inc. (NYSE:PLT) has declined 44.18% since September 13, 2018 and is downtrending. It has underperformed by 44.18% the S&P500.

Disciplined Growth Investors Inc, which manages about $4.06B and $5.37B US Long portfolio, decreased its stake in Medidata Solutions Inc (NASDAQ:MDSO) by 468,657 shares to 649,942 shares, valued at $58.83 million in 2019Q2, according to the filing. It also reduced its holding in Open Text Corp Com (NASDAQ:OTEX) by 261,112 shares in the quarter, leaving it with 4.83 million shares, and cut its stake in Akamai Technologies Com (NASDAQ:AKAM).

More notable recent Plantronics, Inc. (NYSE:PLT) news were published by: Finance.Yahoo.com which released: “Is Plantronics, Inc.’s (NYSE:PLT) CEO Salary Justified? – Yahoo Finance” on May 16, 2019, also Finance.Yahoo.com with their article: “Is Plantronics (NYSE:PLT) Using Too Much Debt? – Yahoo Finance” published on July 31, 2019, Globenewswire.com published: “Plantronics Appoints New Chief Financial Officer NYSE:PLT – GlobeNewswire” on March 11, 2019. More interesting news about Plantronics, Inc. (NYSE:PLT) were released by: Prnewswire.com and their article: “Poly Commended by Frost & Sullivan for Its Broad Portfolio and Differentiated Value in the Unified Communications & Collaboration Device Market – PRNewswire” published on September 05, 2019 as well as Finance.Yahoo.com‘s news article titled: “It Might Not Be A Great Idea To Buy Plantronics, Inc. (NYSE:PLT) For Its Next Dividend – Yahoo Finance” with publication date: August 15, 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 134.70% above currents $35.79 stock price. Plantronics had 7 analyst reports since March 21, 2019 according to SRatingsIntel. The firm has “Buy” rating by Sidoti given on Wednesday, June 19. The rating was maintained by Northland Capital with “Buy” on Thursday, March 21.

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

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