Proto Labs, Inc. (PRLB) Trades at $134.50 After Triangle; Plantronics (PLT)’s Sentiment Is 1.11

June 18, 2018 - By Peter Erickson

Proto Labs, Inc. (NYSE:PRLB) Logo

Plantronics Inc (PLT) investors sentiment increased to 1.11 in Q1 2018. It’s up 0.05, from 1.06 in 2017Q4. The ratio has increased, as 91 hedge funds increased and opened new positions, while 82 reduced and sold their equity positions in Plantronics Inc. The hedge funds in our database now own: 28.74 million shares, down from 29.76 million shares in 2017Q4. Also, the number of hedge funds holding Plantronics Inc in top ten positions was flat from 0 to 0 for the same number . Sold All: 16 Reduced: 66 Increased: 58 New Position: 33.

Proto Labs, Inc. (PRLB) formed triangle with $127.78 target or 5.00% below today’s $134.50 share price. Proto Labs, Inc. (PRLB) has $3.62 billion valuation. The stock increased 0.37% or $0.5 during the last trading session, reaching $134.5. About 256,303 shares traded or 80.02% up from the average. Proto Labs, Inc. (NYSE:PRLB) has risen 86.87% since June 18, 2017 and is uptrending. It has outperformed by 74.30% the S&P500. Some Historical PRLB News: ; 13/03/2018 – Proto Labs Rises for 9 Days: Longest Streak Since IPO; 10/03/2018 ESM’S REGLING SPEAKS IN INTERVIEW WITH PROTO THEMA; 26/04/2018 – Proto Labs 1Q Adj EPS 71c; 21/04/2018 – DJ Proto Labs Inc, Inst Holders, 1Q 2018 (PRLB); 16/03/2018 – PROTOLABS BUYS MANUFACTURING FACILITY IN BROOKLYN PARK, MINN; 25/05/2018 – PROTO LABS: CEO IS EXPECTED TO OWN SHRS TO ALIGN INTERESTS; 26/04/2018 – Proto Labs 1Q EPS 66c; 23/03/2018 – TABLE-Proto 4298.T -2017/18 group forecast; 23/03/2018 – GREECE’S NEW DEMOCRACY LEADS IN MARC POLL FOR PROTO THEMA; 11/05/2018 – TABLE-Proto 4298.T -2017/18 group results

The stock decreased 0.18% or $0.14 during the last trading session, reaching $75.64. About 309,702 shares traded or 38.13% up from the average. Plantronics, Inc. (PLT) has risen 39.78% since June 18, 2017 and is uptrending. It has outperformed by 27.21% the S&P500. Some Historical PLT News: ; 28/03/2018 – Plantronics to buy video conferencing gear maker Polycom for $2 bln; 30/03/2018 – Plantronics (PLT) Plantronics to Acquire Polycom Conference (Transcript); 10/05/2018 – Plantronics Presenting at Conference Jun 5; 11/05/2018 – MOODY’S CONFIRMS PLANTRONICS Ba2 RATING; OUTLOOK REVISED TO NEG; 21/04/2018 – DJ Plantronics Inc, Inst Holders, 1Q 2018 (PLT); 24/04/2018 – Plantronics Backbeat Go 600 Wireless Headphones: Superior And Personalized Sound For Less Than $100; 29/03/2018 – S&PGR: Plantronics Rtgs On Watch Neg On Polycom Buy Plan; 14/05/2018 – S&PGR Affirms Plantronics At ‘BB’; Otlk Neg; New Debt Rated; 01/05/2018 – PLANTRONICS SEES 1Q ADJ EPS 66C TO 78C; 11/05/2018 – Moody’s Confirms Plantronics Ba2 Rating; Outlook Revised To Negative

Disciplined Growth Investors Inc Mn holds 2.22% of its portfolio in Plantronics, Inc. for 1.87 million shares. Profit Investment Management Llc owns 40,701 shares or 2.09% of their US portfolio. Moreover, 12Th Street Asset Management Company Llc has 1.11% invested in the company for 78,004 shares. The Connecticut-based Lapides Asset Management Llc has invested 0.88% in the stock. Foundry Partners Llc, a Minnesota-based fund reported 284,125 shares.

Plantronics, Inc. designs, manufactures, and markets lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets under the Plantronics brand worldwide. The company has market cap of $2.52 billion. The firm also makes and markets specialty telephone products under the Clarity brand. It has a 278.09 P/E ratio. The Company’s primary products include corded and cordless communication headsets; audio processors; telephone systems; Bluetooth and corded products; personal computer and gaming headsets; and specialty products for hearing impaired individuals.

Analysts await Plantronics, Inc. (NYSE:PLT) to report earnings on July, 26. They expect $0.49 earnings per share, down 5.77% or $0.03 from last year’s $0.52 per share. PLT’s profit will be $16.30 million for 38.59 P/E if the $0.49 EPS becomes a reality. After $0.85 actual earnings per share reported by Plantronics, Inc. for the previous quarter, Wall Street now forecasts -42.35% negative EPS growth.

More news for Plantronics, Inc. (NYSE:PLT) were recently published by: Globenewswire.com, which released: “A New Global Study Finds the Noise Epidemic Worsening at Work, With Employees in Noisy Offices More Likely to …” on June 12, 2018. Nasdaq.com‘s article titled: “New RIG 500 Pro Series Delivers Game-Changing Audio at Your Fingertips” and published on June 05, 2018 is yet another important article.

Since January 1, 0001, it had 0 insider buys, and 14 selling transactions for $1.37 million activity.

Among 8 analysts covering Proto Labs (NYSE:PRLB), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Proto Labs had 15 analyst reports since August 26, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, July 27 by Piper Jaffray. The rating was downgraded by Stephens on Friday, April 29 to “Equal-Weight”. Piper Jaffray maintained the stock with “Hold” rating in Friday, October 13 report. As per Wednesday, May 11, the company rating was initiated by FBR Capital. The company was maintained on Monday, February 5 by Piper Jaffray. The firm earned “Neutral” rating on Tuesday, June 27 by Dougherty & Company. Piper Jaffray maintained Proto Labs, Inc. (NYSE:PRLB) rating on Thursday, October 26. Piper Jaffray has “Hold” rating and $78.0 target. The stock has “Sell” rating by Dougherty & Company on Wednesday, August 31. The rating was maintained by Needham on Thursday, October 26 with “Hold”. The stock of Proto Labs, Inc. (NYSE:PRLB) has “Outperform” rating given on Wednesday, August 26 by Oppenheimer.

Investors sentiment decreased to 1.07 in Q1 2018. Its down 0.35, from 1.42 in 2017Q4. It worsened, as 16 investors sold Proto Labs, Inc. shares while 76 reduced holdings. 36 funds opened positions while 62 raised stakes. 24.46 million shares or 2.52% less from 25.09 million shares in 2017Q4 were reported. Us Bancshares De owns 53,211 shares or 0.02% of their US portfolio. Signaturefd Limited invested in 20 shares or 0% of the stock. Moreover, Mackenzie Financial Corp has 0.01% invested in Proto Labs, Inc. (NYSE:PRLB) for 18,920 shares. Convergence Invest Partners Limited Liability Company holds 11,454 shares or 0.18% of its portfolio. 164,447 were reported by Matarin Cap Mgmt Limited. Schwab Charles Invest Mngmt accumulated 126,829 shares. Usa Portformulas Corp invested in 0.1% or 3,656 shares. Stone Ridge Asset Management Ltd Liability reported 3,792 shares or 0.03% of all its holdings. Metropolitan Life Ins New York reported 7,832 shares or 0% of all its holdings. Whittier Tru Commerce Of Nevada accumulated 0% or 75 shares. M&T Financial Bank Corp accumulated 2,694 shares or 0% of the stock. Dimensional Fund Advsr Limited Partnership reported 443,496 shares stake. Proshare Advsr Limited Liability Company has invested 0% in Proto Labs, Inc. (NYSE:PRLB). Scout Invests reported 0.18% in Proto Labs, Inc. (NYSE:PRLB). Wasatch Advisors Inc reported 25,684 shares or 0.04% of all its holdings.

Since January 2, 2018, it had 0 insider buys, and 6 insider sales for $1.12 million activity. The insider Goodman John B sold 1,114 shares worth $136,700. 1,000 shares were sold by WEHRWEIN SVEN, worth $125,000. Gawlick Rainer sold $51,375 worth of stock or 500 shares. Bodor Robert also sold $390,012 worth of Proto Labs, Inc. (NYSE:PRLB) shares.

Analysts await Proto Labs, Inc. (NYSE:PRLB) to report earnings on July, 26. They expect $0.63 EPS, up 40.00% or $0.18 from last year’s $0.45 per share. PRLB’s profit will be $16.97M for 53.37 P/E if the $0.63 EPS becomes a reality. After $0.66 actual EPS reported by Proto Labs, Inc. for the previous quarter, Wall Street now forecasts -4.55% negative EPS growth.

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

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