BNP Paribas Arbitrage SA reduced its stake in Plantronics, Inc. (NYSE:PLT) by 14.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,888 shares of the technology company’s stock after selling 2,600 shares during the period. BNP Paribas Arbitrage SA’s holdings in Plantronics were worth $703,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in PLT. LS Investment Advisors LLC grew its position in shares of Plantronics by 17.6% during the second quarter. LS Investment Advisors LLC now owns 2,641 shares of the technology company’s stock worth $138,000 after acquiring an additional 395 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Plantronics by 3.6% during the second quarter. Louisiana State Employees Retirement System now owns 8,700 shares of the technology company’s stock worth $455,000 after acquiring an additional 300 shares during the last quarter. Aperio Group LLC grew its position in shares of Plantronics by 7.9% during the second quarter. Aperio Group LLC now owns 10,468 shares of the technology company’s stock worth $548,000 after acquiring an additional 764 shares during the last quarter. State Treasurer State of Michigan grew its position in shares of Plantronics by 2.2% during the second quarter. State Treasurer State of Michigan now owns 13,800 shares of the technology company’s stock worth $722,000 after acquiring an additional 300 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Plantronics by 209.2% during the second quarter. Russell Investments Group Ltd. now owns 72,363 shares of the technology company’s stock worth $3,785,000 after acquiring an additional 48,963 shares during the last quarter. Institutional investors own 90.90% of the company’s stock.

In related news, CEO Joseph B. Burton sold 3,188 shares of Plantronics stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $51.87, for a total value of $165,361.56. Following the transaction, the chief executive officer now directly owns 92,373 shares in the company, valued at approximately $4,791,387.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maria Martinez sold 2,874 shares of Plantronics stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $51.25, for a total transaction of $147,292.50. Following the completion of the transaction, the director now owns 7,389 shares in the company, valued at $378,686.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,145 shares of company stock worth $1,420,777. Insiders own 3.20% of the company’s stock.

Shares of Plantronics, Inc. (NYSE:PLT) traded down $0.14 on Wednesday, hitting $51.23. 152,800 shares of the stock were exchanged, compared to its average volume of 164,357. 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 stock has a market capitalization of $1,698.61, a price-to-earnings ratio of 22.53, a PEG ratio of 1.56 and a beta of 1.30. Plantronics, Inc. has a twelve month low of $41.28 and a twelve month high of $58.27.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Monday, November 20th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. Plantronics’s dividend payout ratio (DPR) is presently 24.69%.

A number of equities analysts have recently issued reports on PLT shares. TheStreet upgraded shares of Plantronics from a “c+” rating to a “b” rating in a research report on Friday, November 24th. Roth Capital set a $55.00 target price on shares of Plantronics and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Plantronics from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Plantronics currently has a consensus rating of “Hold” and an average target price of $57.33.

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About Plantronics

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.

Institutional Ownership by Quarter for Plantronics (NYSE:PLT)

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