ARRIS International plc (NASDAQ:ARRS) CEO Bruce William Mcclelland bought 1,500 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were purchased at an average cost of $24.08 per share, for a total transaction of $36,120.00. Following the completion of the acquisition, the chief executive officer now owns 242,256 shares of the company’s stock, valued at $5,833,524.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Bruce William Mcclelland also recently made the following trade(s):

  • On Friday, August 3rd, Bruce William Mcclelland bought 1,500 shares of ARRIS International stock. The shares were purchased at an average cost of $23.81 per share, for a total transaction of $35,715.00.

Shares of NASDAQ:ARRS traded up $0.09 during midday trading on Friday, reaching $24.34. The company had a trading volume of 28,111 shares, compared to its average volume of 1,471,128. The company has a quick ratio of 1.16, a current ratio of 1.59 and a debt-to-equity ratio of 0.67. ARRIS International plc has a 1-year low of $22.33 and a 1-year high of $30.00. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19.

ARRIS International (NASDAQ:ARRS) last released its quarterly earnings results on Wednesday, August 1st. The communications equipment provider reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.02). ARRIS International had a net margin of 1.83% and a return on equity of 16.82%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the business earned $0.63 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. equities analysts predict that ARRIS International plc will post 2.59 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in ARRS. Wells Fargo & Company MN boosted its position in shares of ARRIS International by 2.0% in the 1st quarter. Wells Fargo & Company MN now owns 3,285,071 shares of the communications equipment provider’s stock valued at $87,283,000 after purchasing an additional 65,509 shares during the period. Parametrica Management Ltd acquired a new position in shares of ARRIS International in the 1st quarter valued at $227,000. Virginia Retirement Systems ET AL boosted its position in shares of ARRIS International by 7.6% in the 1st quarter. Virginia Retirement Systems ET AL now owns 98,000 shares of the communications equipment provider’s stock valued at $2,604,000 after purchasing an additional 6,900 shares during the period. Balter Liquid Alternatives LLC boosted its position in shares of ARRIS International by 103.5% in the 1st quarter. Balter Liquid Alternatives LLC now owns 31,181 shares of the communications equipment provider’s stock valued at $828,000 after purchasing an additional 15,861 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of ARRIS International by 1.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 207,456 shares of the communications equipment provider’s stock valued at $5,512,000 after purchasing an additional 2,110 shares during the period. Institutional investors and hedge funds own 85.50% of the company’s stock.

A number of research analysts recently issued reports on the company. ValuEngine raised ARRIS International from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 10th. Northland Securities reaffirmed a “hold” rating and set a $23.00 target price on shares of ARRIS International in a report on Thursday, August 2nd. Goldman Sachs Group lowered ARRIS International from a “neutral” rating to a “sell” rating and set a $24.00 target price on the stock. in a report on Wednesday, June 20th. Wells Fargo & Co assumed coverage on ARRIS International in a report on Thursday, July 12th. They set an “outperform” rating and a $32.00 target price on the stock. Finally, BidaskClub lowered ARRIS International from a “hold” rating to a “sell” rating in a report on Tuesday, May 8th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $31.33.

ARRIS International Company Profile

ARRIS International plc, together with its subsidiaries, provides entertainment, communications, and networking technology and solutions worldwide. It operates through three segments: Customer Premises Equipment, Network & Cloud, and Enterprise Networks. The Customer Premises Equipment segment offers digital subscriber lines and cable modems, broadband gateways, set-top boxes, and video gateways.

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

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