Arris International Plc (ARRS): Ronald Coppock , PRES, INTL SALES AND MARKETING of Arris International Plc sold 5,000 shares on Sep 19, 2016. The Insider selling transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were sold at $29.00 per share for a total value of $145,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 8, 2016, Ronald Coppock (PRES, INTL SALES AND MARKETING) sold 10,000 shares at $28.50 per share price.On Aug 29, 2016, Patrick W Macken (SVP, GEN COUNSEL AND SECRETARY) sold 750 shares at $27.04 per share price.Also, On Aug 29, 2016, Bruce William Mcclelland (PRES, NETWORK AND CLOUD GROUP) purchased 5,000 shares at $27.15 per share price.On May 9, 2016, James R Brennan (SVP, GLOBAL SUPPLY CHAIN) sold 8,500 shares at $25.88 per share price.
ARRIS International plc: On Tuesday, Sep 21, 2016 heightened volatility was witnessed in ARRIS International plc which led to swings in the share price. The shares opened for trading at $28.62 and hit $28.702 on the upside , eventually ending the session at $28.49, with a gain of 0.89% or 0.25 points. The heightened volatility saw the trading volume jump to 14,33,310 shares. The 52-week high of the share price is $32.93 and the company has a market cap of $5,432 M . The 52-week low of the share price is at $20.05.
Company has been under the radar of several Street Analysts.ARRIS International plc is Initiated by Morgan Stanley to Overweight and the brokerage firm has set the Price Target at $34. The Rating was issued on Sep 20, 2016.ARRIS International plc is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 32 from a previous price target of $30 .The Rating was issued on Jul 28, 2016.ARRIS International plc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 33 from a previous price target of $31 .The Rating was issued on Jul 28, 2016.
ARRIS International plc focuses on the entertainment and communications technology. The Company through its subsidiary ARRIS Group Inc. provides a range of entertainment and communications solutions. 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. The Company focuses on set tops digital video and Internet protocol television (IPTV) distribution systems broadband access infrastructure platforms and associated data and voice customer premises equipment (CPE) which it sells to consumers through retail channels. The Company’s product categories include content delivery and acquisition application and control delivery networks home and business connectivity and devices and video infrastructure. Its services include professional services and systems integration day two services and knowledge services.