ARRIS International PLC (NASDAQ:ARRS) insider Stephen J. Mccaffery sold 12,609 shares of ARRIS International PLC stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $30.00, for a total value of $378,270.00. Following the completion of the sale, the insider now owns 9,127 shares of the company’s stock, valued at $273,810. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of ARRIS International PLC (NASDAQ:ARRS) traded up 1.10% during trading on Monday, hitting $28.47. The company had a trading volume of 1,171,855 shares. ARRIS International PLC has a 12-month low of $24.75 and a 12-month high of $31.52. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 43.33 and a beta of 1.31. The stock has a 50-day moving average of $28.28 and a 200 day moving average of $27.58.

ARRIS International PLC (NASDAQ:ARRS) last released its earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. ARRIS International PLC had a return on equity of 13.97% and a net margin of 1.90%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. On average, analysts predict that ARRIS International PLC will post $2.51 EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in ARRS. Marshall Wace North America L.P. boosted its stake in ARRIS International PLC by 188.1% in the second quarter. Marshall Wace North America L.P. now owns 75,745 shares of the communications equipment provider’s stock valued at $2,121,000 after buying an additional 49,456 shares in the last quarter. Fernwood Investment Management LLC boosted its stake in ARRIS International PLC by 16.9% in the second quarter. Fernwood Investment Management LLC now owns 13,800 shares of the communications equipment provider’s stock valued at $387,000 after buying an additional 2,000 shares in the last quarter. NGAM Advisors L.P. boosted its stake in ARRIS International PLC by 4.6% in the second quarter. NGAM Advisors L.P. now owns 11,170 shares of the communications equipment provider’s stock valued at $313,000 after buying an additional 489 shares in the last quarter. Strs Ohio boosted its stake in ARRIS International PLC by 22.4% in the second quarter. Strs Ohio now owns 1,910,000 shares of the communications equipment provider’s stock valued at $53,518,000 after buying an additional 350,000 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in ARRIS International PLC by 76.2% in the second quarter. Russell Investments Group Ltd. now owns 885,606 shares of the communications equipment provider’s stock valued at $24,815,000 after buying an additional 383,039 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

ARRS has been the subject of a number of research reports. TheStreet lowered ARRIS International PLC from a “b-” rating to a “c” rating in a research report on Wednesday, May 3rd. Royal Bank Of Canada restated an “outperform” rating and set a $33.00 target price on shares of ARRIS International PLC in a research report on Sunday, April 23rd. BTIG Research assumed coverage on ARRIS International PLC in a research report on Thursday, June 15th. They set a “buy” rating and a $38.00 target price for the company. Jefferies Group LLC restated a “buy” rating and set a $34.00 target price on shares of ARRIS International PLC in a research report on Friday, May 5th. Finally, Zacks Investment Research upgraded ARRIS International PLC from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 25th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.90.

ARRIS International PLC Company Profile

ARRIS International plc is a media entertainment and data communications solutions provider. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The Company enables service providers, including cable, telephone, and digital broadcast satellite operators, and media programmers to deliver media, voice and Internet Protocol (IP) data services to their subscribers.

Insider Buying and Selling by Quarter for ARRIS International PLC (NASDAQ:ARRS)

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