Plantronics, Inc. (PLT) Is At $65.52 Formed Wedge; Glg Has Cut Ameriprise Finl (AMP) Holding By $2.96 Million

Plantronics, Inc. (NYSE:PLT) Logo

Plantronics, Inc. (PLT) formed wedge up with $71.42 target or 9.00% above today’s $65.52 share price. Plantronics, Inc. (PLT) has $2.11B valuation. The stock increased 0.54% or $0.35 during the last trading session, reaching $65.52. About 280,111 shares traded or 33.47% up from the average. Plantronics, Inc. (NYSE:PLT) has risen 2.93% since April 25, 2017 and is uptrending. It has underperformed by 8.62% the S&P500.

Glg Llc decreased Ameriprise Finl Inc (AMP) stake by 65.24% reported in 2017Q4 SEC filing. Glg Llc sold 17,505 shares as Ameriprise Finl Inc (AMP)’s stock declined 14.11%. The Glg Llc holds 9,326 shares with $1.58 million value, down from 26,831 last quarter. Ameriprise Finl Inc now has $ valuation. The stock decreased 1.95% or $2.83 during the last trading session, reaching $142.66. About 1.85 million shares traded or Infinity% up from the average. Ameriprise Financial, Inc. (NYSE:AMP) has risen 17.58% since April 25, 2017 and is uptrending. It has outperformed by 6.03% the S&P500.

Analysts await Plantronics, Inc. (NYSE:PLT) to report earnings on May, 7. They expect $0.62 earnings per share, up 1.64% or $0.01 from last year’s $0.61 per share. PLT’s profit will be $19.98 million for 26.42 P/E if the $0.62 EPS becomes a reality. After $0.77 actual earnings per share reported by Plantronics, Inc. for the previous quarter, Wall Street now forecasts -19.48% negative EPS growth.

Among 6 analysts covering Plantronics (NYSE:PLT), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Plantronics has $64.0 highest and $49 lowest target. $58.25’s average target is -11.10% below currents $65.52 stock price. Plantronics had 21 analyst reports since January 15, 2016 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, February 1 by Sidoti. J.P. Morgan upgraded Plantronics, Inc. (NYSE:PLT) on Thursday, June 1 to “Buy” rating. The rating was maintained by Northland Capital with “Buy” on Thursday, January 11. On Tuesday, January 2 the stock rating was upgraded by Sidoti to “Buy”. On Friday, July 28 the stock rating was downgraded by J.P. Morgan to “Hold”. The firm has “Neutral” rating by JP Morgan given on Friday, July 28. The rating was maintained by Northland Capital with “Buy” on Wednesday, October 18. Roth Capital maintained it with “Buy” rating and $55.0 target in Wednesday, November 1 report. The stock of Plantronics, Inc. (NYSE:PLT) earned “Buy” rating by Roth Capital on Thursday, September 28. The rating was maintained by Northland Capital on Monday, September 11 with “Buy”.

Investors sentiment decreased to 1.06 in 2017 Q4. Its down 0.13, from 1.19 in 2017Q3. It turned negative, as 13 investors sold Plantronics, Inc. shares while 69 reduced holdings. 38 funds opened positions while 49 raised stakes. 29.76 million shares or 0.41% more from 29.64 million shares in 2017Q3 were reported. Primecap Mngmt Ca holds 4.90M shares. Price T Rowe Assocs Inc Md holds 0% in Plantronics, Inc. (NYSE:PLT) or 436,325 shares. First Quadrant L P Ca reported 29,608 shares. Valley National Advisers Inc accumulated 15 shares or 0% of the stock. Systematic Mngmt Limited Partnership has 29,090 shares for 0.03% of their portfolio. Lpl Financial Llc holds 4,756 shares or 0% of its portfolio. Amundi Pioneer Asset accumulated 1,458 shares or 0% of the stock. Millennium Mgmt Ltd Liability Co stated it has 0% of its portfolio in Plantronics, Inc. (NYSE:PLT). Arizona State Retirement Sys has 23,797 shares. D E Shaw And invested 0.01% in Plantronics, Inc. (NYSE:PLT). Meeder Asset Inc holds 14,505 shares. 3.48 million were accumulated by Blackrock. 12,800 are held by Teton Advisors. Louisiana State Employees Retirement Sys holds 0.02% or 8,400 shares. Credit Suisse Ag holds 0% of its portfolio in Plantronics, Inc. (NYSE:PLT) for 45,245 shares.

Since January 31, 2018, it had 0 insider purchases, and 8 selling transactions for $376,445 activity. SARKAR SHANTANU also sold $67,200 worth of Plantronics, Inc. (NYSE:PLT) shares. DEXHEIMER BRIAN S had sold 2,500 shares worth $146,300.

Since October 26, 2017, it had 0 insider buys, and 4 selling transactions for $8.35 million activity. 9,022 shares were sold by Woerner John Robert, worth $1.45M on Thursday, October 26. $690,271 worth of Ameriprise Financial, Inc. (NYSE:AMP) shares were sold by MOORE COLIN. McGraw Deirdre Davey also sold $160,772 worth of Ameriprise Financial, Inc. (NYSE:AMP) shares. The insider Maglaque Charles Neal sold $282,412. 1,904 Ameriprise Financial, Inc. (NYSE:AMP) shares with value of $307,648 were sold by Sweeney Joseph Edward. 31,379 shares were sold by TRUSCOTT WILLIAM F, worth $5.45 million on Friday, January 26. On Friday, October 27 the insider Kupper Randy sold $396,205.

Glg Llc increased Citrix Sys Inc (NASDAQ:CTXS) stake by 40,000 shares to 47,355 valued at $4.17 million in 2017Q4. It also upped Anthem Inc (NYSE:ANTM) stake by 5,000 shares and now owns 40,273 shares. General Mtrs Co (NYSE:GM) was raised too.

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.16, from 0.97 in 2017Q3. It improved, as 29 investors sold AMP shares while 218 reduced holdings. 81 funds opened positions while 199 raised stakes. 115.74 million shares or 0.30% less from 116.09 million shares in 2017Q3 were reported. Bragg Financial owns 56,882 shares. State Of Alaska Department Of Revenue reported 0.07% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). Cornerstone Advisors holds 314 shares. Gateway Inv Advisers Lc reported 0.01% in Ameriprise Financial, Inc. (NYSE:AMP). Fort Point Partners Limited Co holds 0.24% or 3,010 shares. Commonwealth Bank Of Aus invested in 0.05% or 30,725 shares. Plante Moran Finance Ltd Liability Corporation reported 584 shares. Avalon Advsr Lc invested in 0.01% or 1,218 shares. Bluemountain Llc has invested 0.15% in Ameriprise Financial, Inc. (NYSE:AMP). Legal & General Gru Public Ltd Com stated it has 741,923 shares. Honeywell International Inc invested 0.86% in Ameriprise Financial, Inc. (NYSE:AMP). Advisory Rech invested in 0.01% or 3,134 shares. Cambridge Inv Advsr holds 0.01% or 3,452 shares in its portfolio. Srb Corporation reported 1,198 shares or 0.03% of all its holdings. Stratos Wealth Ptnrs invested in 0.02% or 3,141 shares.

Among 15 analysts covering Ameriprise Financial (NYSE:AMP), 6 have Buy rating, 0 Sell and 9 Hold. Therefore 40% are positive. Ameriprise Financial had 50 analyst reports since September 7, 2015 according to SRatingsIntel. Sandler O’Neill maintained Ameriprise Financial, Inc. (NYSE:AMP) rating on Thursday, January 18. Sandler O’Neill has “Hold” rating and $190.0 target. On Thursday, January 18 the stock rating was maintained by SunTrust with “Hold”. The company was initiated on Thursday, January 26 by Citigroup. As per Thursday, January 25, the company rating was maintained by RBC Capital Markets. Deutsche Bank downgraded the shares of AMP in report on Friday, October 14 to “Hold” rating. Barclays Capital maintained it with “Equal-Weight” rating and $142 target in Friday, August 11 report. On Friday, January 29 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The company was downgraded on Friday, March 2 by Evercore. The firm has “Overweight” rating given on Thursday, April 5 by Morgan Stanley. The firm has “Neutral” rating by Citigroup given on Wednesday, April 6.

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