American Century Companies Inc. trimmed its holdings in Plantronics, Inc. (NYSE:PLT) by 80.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,329 shares of the technology company’s stock after selling 79,859 shares during the period. American Century Companies Inc. owned 0.06% of Plantronics worth $855,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Marshall Wace North America L.P. acquired a new stake in shares of Plantronics in the second quarter worth $2,884,000. Principal Financial Group Inc. lifted its stake in shares of Plantronics by 1.7% in the second quarter. Principal Financial Group Inc. now owns 576,567 shares of the technology company’s stock worth $30,160,000 after buying an additional 9,679 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Plantronics by 2.0% in the second quarter. Prudential Financial Inc. now owns 475,996 shares of the technology company’s stock worth $24,899,000 after buying an additional 9,376 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Plantronics by 1.3% in the second quarter. Vanguard Group Inc. now owns 2,762,404 shares of the technology company’s stock worth $144,502,000 after buying an additional 34,223 shares during the last quarter. Finally, Capital Fund Management S.A. acquired a new stake in shares of Plantronics in the second quarter worth $1,245,000. 90.99% of the stock is owned by institutional investors.

In other news, Director Maria Martinez sold 2,874 shares of the 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 completion of the transaction, the director now owns 7,389 shares in the company, valued at approximately $378,686.25. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joseph B. Burton sold 3,188 shares of the 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 transaction, the chief executive officer now owns 92,373 shares of the company’s stock, valued at approximately $4,791,387.51. The disclosure for this sale can be found here. 3.20% of the stock is owned by corporate insiders.

Several research firms recently commented on PLT. TheStreet upgraded 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 company a “buy” rating in a research note on Wednesday, November 1st. Finally, Zacks Investment Research cut shares of Plantronics from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $57.33.

Plantronics, Inc. (NYSE:PLT) traded down $0.09 during trading hours on Thursday, reaching $52.69. 136,300 shares of the company traded hands, compared to its average volume of 164,401. The firm has a market cap of $1,745.23, a PE ratio of 23.15, a P/E/G ratio of 1.61 and a beta of 1.24. Plantronics, Inc. has a 1 year low of $41.28 and a 1 year high of $58.27. The company has a current ratio of 6.44, a quick ratio of 5.90 and a debt-to-equity ratio of 1.27.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 20th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Friday, November 17th. Plantronics’s payout ratio is currently 24.69%.

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Plantronics Company Profile

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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Institutional Ownership by Quarter for Plantronics (NYSE:PLT)

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