(NYSE:PLT) shares saw heavy trading volume with 316K shares changing hands in the last trading session. Shares saw a steep increase in trading volume of 91.96% over the normal average daily volume.
Traders are feeling more bullish lately as evidenced by the decrease in short interest. The stock had a fall in short interest of -8.48% between September 29, 2017 and October 13, 2017. Short interest fell from 528,400 to 483,616 over that timeframe. Days to cover increased from 3.0 to 4.0 and the short interest percentage is 0.01% as of October 13.
These funds have shifted positions in (PLT). As of quarter end Nationwide Fund Advisors had disposed of a total of 570 shares trimming its position 0.8%. The value of the total investment in Plantronics, Inc. went from $3,959,000 to $3,321,000 a change of 16.1% quarter over quarter. Whittier Trust Co Of Nevada Inc grew its stake by buying 186 shares an increase of 4.3% as of 09/30/2017. Whittier Trust Co Of Nevada Inc controls 4,486 shares with a value of $198,000. The total value of its holdings decreased 12.0%.
As of the end of the quarter Aperio Group, LLC had bought 7,017 shares growing its stake by 67.0%. The value of the investment in (PLT) increased from $548,000 to $773,000 a change of $225,000 since the last quarter. Simplex Trading, LLC cut its investment by selling 346 shares a decrease of 33.4% in the quarter. Simplex Trading, LLC claims 690 shares valued at $30,000. The value of the position overall is down by 44.4%.
On July 28, 2017 the stock rating was rated “Neutral” in a report from JP Morgan down from the previous “Overweight” rating.
The company is so far trading up by 0.27% since yesterday’s close of $45.36. The company declared a dividend that was paid on Friday the 8th of September 2017. The dividend was $0.150 per share for the quarter or $0.60 annualized. This dividend represents a yield of $1.30. The ex-dividend date was Wednesday the 16th of August 2017.
Company shares are trading at $45.36 marginally over $44.57, the 50 day moving average and which is just a bit below the 200 day moving average of $48.99. The 50 day moving average went up by +1.77% and the 200 day average went down $-3.63 or -7.41%.
Plantronics, Inc.’s P/E ratio is 18.44 and market cap is 1.47B. As of the last earnings report the EPS was $2.46 and is expected to be $2.85 for the current year with 32,506,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.76 and the next full year EPS is anticipated to be $3.14.
Plantronics, Inc. (Plantronics), launched on August 12, 1988, is involved 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. The Company develops communication products for offices and contact centers, mobile devices, cordless phones, and computers and gaming consoles. Its product categories include Enterprise, which includes corded and cordless communication headsets, audio processors, and telephone systems, and Consumer, which includes Bluetooth and corded products for mobile device applications, personal computer (PC) and gaming headsets, and specialty products marketed for hearing impaired individuals. It offers its products under two brands: Plantronics and Clarity..