Signition LP acquired a new position in shares of ARRIS International plc (NASDAQ:ARRS) in the fourth quarter, Holdings Channel reports. The fund acquired 34,413 shares of the communications equipment provider’s stock, valued at approximately $884,000. ARRIS International accounts for 1.1% of Signition LP’s holdings, making the stock its 16th biggest holding.

Several other institutional investors also recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its stake in shares of ARRIS International by 2.7% during the third quarter. Ameriprise Financial Inc. now owns 5,385,138 shares of the communications equipment provider’s stock worth $153,423,000 after purchasing an additional 140,548 shares during the period. Strs Ohio grew its stake in ARRIS International by 78.0% in the fourth quarter. Strs Ohio now owns 3,310,000 shares of the communications equipment provider’s stock valued at $85,033,000 after acquiring an additional 1,450,000 shares during the period. Neuberger Berman Group LLC grew its stake in ARRIS International by 4.8% in the third quarter. Neuberger Berman Group LLC now owns 2,030,172 shares of the communications equipment provider’s stock valued at $57,840,000 after acquiring an additional 92,445 shares during the period. New York State Common Retirement Fund grew its stake in ARRIS International by 0.6% in the third quarter. New York State Common Retirement Fund now owns 1,234,560 shares of the communications equipment provider’s stock valued at $35,173,000 after acquiring an additional 7,610 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in ARRIS International by 33.0% in the third quarter. Canada Pension Plan Investment Board now owns 902,100 shares of the communications equipment provider’s stock valued at $25,701,000 after acquiring an additional 224,000 shares during the period. 86.77% of the stock is owned by institutional investors and hedge funds.

ARRIS International plc (NASDAQ ARRS) opened at $24.75 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $4,630.00, a PE ratio of 28.45, a PEG ratio of 0.94 and a beta of 1.28. ARRIS International plc has a 52-week low of $22.60 and a 52-week high of $30.79.

A number of research analysts have issued reports on the company. TheStreet cut ARRIS International from a “b” rating to a “c+” rating in a research note on Friday, January 12th. Loop Capital assumed coverage on ARRIS International in a research note on Monday, January 29th. They issued a “buy” rating and a $35.00 target price for the company. BidaskClub cut ARRIS International from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Raymond James Financial set a $38.00 target price on ARRIS International and gave the company a “buy” rating in a research note on Monday, December 4th. Finally, ValuEngine cut ARRIS International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. ARRIS International currently has a consensus rating of “Hold” and a consensus target price of $33.20.

In other news, insider Lawrence Robinson sold 4,167 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $30.00, for a total transaction of $125,010.00. Following the completion of the transaction, the insider now directly owns 71,721 shares of the company’s stock, valued at $2,151,630. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Patrick W. Macken sold 1,250 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $29.26, for a total value of $36,575.00. Following the transaction, the senior vice president now directly owns 4,556 shares of the company’s stock, valued at $133,308.56. The disclosure for this sale can be found here. Insiders have sold 10,347 shares of company stock valued at $290,307 over the last ninety days. 0.90% of the stock is owned by insiders.

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ARRIS International 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 (NASDAQ:ARRS)

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