Eqis Capital Management buys $1,571,671 stake in Plantronics Inc (PLT)

Plantronics Inc (PLT) : Eqis Capital Management scooped up 14,649 additional shares in Plantronics Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 29,988 shares of Plantronics Inc which is valued at $1,571,671.Plantronics Inc makes up approximately 0.10% of Eqis Capital Management’s portfolio.

Other Hedge Funds, Including , Washington Trust Bank sold out all of its stake in PLT during the most recent quarter. The investment firm sold 37 shares of PLT which is valued $1,939. Beacon Financial Group added PLT to its portfolio by purchasing 6,549 company shares during the most recent quarter which is valued at $343,233. Plantronics Inc makes up approx 0.07% of Beacon Financial Group’s portfolio.

Plantronics Inc opened for trading at $51.66 and hit $52.33 on the upside on Tuesday, eventually ending the session at $51.68, with a gain of 0.19% or 0.1 points. The heightened volatility saw the trading volume jump to 69,654 shares. Company has a market cap of $1,715 M.

On the company’s financial health, Plantronics Inc reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.71. The company had revenue of $223.10 million for the quarter, compared to analysts expectations of $218.52 million. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

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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