Dupont Capital Management Corp lowered its position in ARRIS International PLC (NASDAQ:ARRS) by 8.2% during the second quarter, Holdings Channel reports. The institutional investor owned 231,748 shares of the communications equipment provider’s stock after selling 20,752 shares during the period. Dupont Capital Management Corp’s holdings in ARRIS International PLC were worth $6,494,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the company. Capital Fund Management S.A. bought a new position in ARRIS International PLC during the first quarter worth about $3,248,000. SignalPoint Asset Management LLC raised its position in ARRIS International PLC by 10.4% in the first quarter. SignalPoint Asset Management LLC now owns 20,710 shares of the communications equipment provider’s stock worth $548,000 after buying an additional 1,949 shares in the last quarter. Tyers Asset Management LLC raised its position in ARRIS International PLC by 7.4% in the first quarter. Tyers Asset Management LLC now owns 5,792 shares of the communications equipment provider’s stock worth $153,000 after buying an additional 400 shares in the last quarter. Honeywell International Inc. bought a new position in ARRIS International PLC during the first quarter worth about $12,617,000. Finally, Canada Pension Plan Investment Board raised its position in ARRIS International PLC by 71.4% in the first quarter. Canada Pension Plan Investment Board now owns 710,300 shares of the communications equipment provider’s stock worth $18,787,000 after buying an additional 296,000 shares in the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ARRIS International PLC (NASDAQ ARRS) opened at 27.42 on Tuesday. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 41.42 and a beta of 1.31. The firm has a 50-day moving average price of $28.05 and a 200-day moving average price of $27.50. ARRIS International PLC has a one year low of $24.75 and a one year high of $31.52.

ARRIS International PLC (NASDAQ:ARRS) last posted 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 net margin of 1.90% and a return on equity of 13.97%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. ARRIS International PLC’s quarterly revenue was down 3.6% on a year-over-year basis. Analysts anticipate that ARRIS International PLC will post $2.54 earnings per share for the current fiscal year.

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A number of equities analysts recently issued reports on the company. BTIG Research assumed coverage on ARRIS International PLC in a report on Thursday, June 15th. They set a “buy” rating and a $38.00 price target on the stock. Jefferies Group LLC reissued a “buy” rating and set a $34.00 price target on shares of ARRIS International PLC in a report on Thursday, June 8th. Zacks Investment Research lowered ARRIS International PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub lowered ARRIS International PLC from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Northland Securities reaffirmed a “hold” rating and issued a $24.00 price objective on shares of ARRIS International PLC in a report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. ARRIS International PLC has a consensus rating of “Buy” and an average target price of $32.90.

In other ARRIS International PLC news, EVP David Potts sold 2,502 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $27.67, for a total value of $69,230.34. Following the completion of the transaction, the executive vice president now owns 90,592 shares in the company, valued at approximately $2,506,680.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stephen J. Mccaffery sold 12,609 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $30.00, for a total transaction of $378,270.00. Following the completion of the transaction, the insider now owns 9,127 shares of the company’s stock, valued at approximately $273,810. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,255 shares of company stock valued at $676,591. 1.20% of the stock is owned by insiders.

About ARRIS International PLC

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.

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Institutional Ownership by Quarter for ARRIS International PLC (NASDAQ:ARRS)

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