Plantronics Inc /ca/ (PLT) Files Form 4 Insider Selling : Joseph B Burton Sells 3,951 Shares

Plantronics Inc /ca/ (PLT): Joseph B Burton , TOP DEVELOPMENT ENGINEERING EX of Plantronics Inc /ca/ sold 3,951 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $42.61 per share for a total value of $168,344.41 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 14, 2016, Philip Vanhoutte (TOP EXECUTIVE OFFICER – MAJOR) sold 17,941 shares at $37.53 per share price.On Mar 8, 2016, Donald S Houston (TOP SALES EXECUTIVE – GLOBAL.E) sold 5,000 shares at $38.80 per share price.Also, On Nov 23, 2015, Joseph B Burton (TOP DEVELOPMENT ENGINEERING EX) sold 3,800 shares at $52.75 per share price.On Nov 19, 2015, S Kenneth Kannappan (CEO – CORPORATE – GLOBAL.CEO.) sold 7,785 shares at $51.40 per share price.

Plantronics Inc: On Friday, May 6, 2016 heightened volatility was witnessed in Plantronics Inc which led to swings in the share price. The shares opened for trading at $42 and hit $42.67 on the upside , eventually ending the session at $42.42, with a gain of 0.88% or 0.37 points. The heightened volatility saw the trading volume jump to 3,20,467 shares. The 52-week high of the share price is $58.73 and the company has a market cap of $1,427 M . The 52-week low of the share price is at $32.13.

Plantronics Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Plantronics Inc is Upgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on May 4, 2016.

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 lightweight communications headsets telephone headset systems other communication endpoints and accessories for the business and consumer markets under the Plantronics brand. Its headsets are used for applications such as Unified Communications (UC) in contact centers in the office and in the home with mobile phones and Internet telephony for gaming and for other specialty applications. 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 phone applications personal computer (PC) and gaming headsets and specialty products marketed for hearing impaired individuals.

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