Arris International Plc (ARRS): James R Brennan , SVP, GLOBAL SUPPLY CHAIN of Arris International Plc sold 8,500 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $25.88 per share for a total value of $219,980.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, Ronald Coppock (PRES, INTL SALES AND MARKETING) sold 5,000 shares at $25.25 per share price.On Mar 9, 2016, Timothy R O’loughlin (PRESIDENT,NORTH AMERICAN SALES) sold 119,567 shares at $29.78 per share price.Also, On Jan 8, 2016, Philip Charles Baldock (SVP, CHIEF INFORMATION OFFICER) sold 54,687 shares at $29.07 per share price.On Dec 29, 2015, David Potts (EVP OF FINANCE, CFO) sold 53,413 shares at $30.25 per share price.
Shares of ARRIS International plc (ARRS) ended Friday, May 6, 2016 session in red amid volatile trading. The shares closed down -0.38 points or -1.60% at $23.38 with 24,98,027 shares getting traded. Post opening the session at $23.6, the shares hit an intraday low of $22.9199 and an intraday high of $23.6435 and the price vacillated in this range throughout the day. The company has a market cap of $4,564 M and the number of outstanding shares has been calculated to be 19,51,92,020 shares. The 52-week high of ARRIS International plc is $34.26 and the 52-week low is $20.27.
Company has been under the radar of several Street Analysts.ARRIS International plc is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 30 from a previous price target of $28 .The Rating was issued on May 5, 2016.ARRIS International plc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 31 from a previous price target of $29 .The Rating was issued on May 5, 2016.ARRIS International plc is Resumed by RBC Capital Mkts to Outperform and the brokerage firm has set the Price Target at $29. The Rating was issued on Mar 16, 2016.ARRIS International plc is Downgraded by Goldman to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 14, 2016.ARRIS International plc is Reiterated by Barclays to Overweight while Lowering the Price Target of the company shares to $ 37 from a previous price target of $41 . The Rating was issued on Feb 18, 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.