World Asset Management Inc decreased its position in ARRIS International PLC (NASDAQ:ARRS) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,844 shares of the communications equipment provider’s stock after selling 315 shares during the period. World Asset Management Inc’s holdings in ARRIS International PLC were worth $332,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ARRS. Tyers Asset Management LLC increased its stake 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 during the period. Delta Capital Management LLC purchased a new stake in ARRIS International PLC during the second quarter worth $210,000. Elkfork Partners LLC increased its stake in ARRIS International PLC by 7.4% in the first quarter. Elkfork Partners LLC now owns 7,964 shares of the communications equipment provider’s stock worth $211,000 after buying an additional 550 shares during the period. Cortina Asset Management LLC increased its stake in ARRIS International PLC by 9.5% in the first quarter. Cortina Asset Management LLC now owns 8,277 shares of the communications equipment provider’s stock worth $219,000 after buying an additional 715 shares during the period. Finally, Bellwether Investment Group LLC increased its stake in ARRIS International PLC by 10.6% in the first quarter. Bellwether Investment Group LLC now owns 8,665 shares of the communications equipment provider’s stock worth $229,000 after buying an additional 830 shares during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of ARRIS International PLC (NASDAQ:ARRS) opened at 27.42 on Tuesday. The firm has a market capitalization of $5.14 billion, a P/E ratio of 41.42 and a beta of 1.31. The firm’s 50-day moving average price is $28.05 and its 200-day moving average price is $27.50. ARRIS International PLC has a 12-month low of $24.75 and a 12-month high of $31.52.

ARRIS International PLC (NASDAQ:ARRS) last announced its earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The business’s revenue was down 3.6% compared to the same quarter last year. Equities analysts predict that ARRIS International PLC will post $2.54 earnings per share for the current fiscal year.

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A number of research firms recently weighed in on ARRS. Zacks Investment Research downgraded ARRIS International PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Northland Securities reissued a “hold” rating and set a $24.00 target price on shares of ARRIS International PLC in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and set a $34.00 target price on shares of ARRIS International PLC in a research report on Thursday, June 8th. Royal Bank Of Canada reissued a “buy” rating on shares of ARRIS International PLC in a research report on Tuesday, May 2nd. Finally, BidaskClub downgraded ARRIS International PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.90.

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

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.

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

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