Arris Group Inc. (NASDAQ:ARRS)’s share price was up 3.9% during mid-day trading on Tuesday . The stock traded as high as $22.24 and last traded at $22.10, with a volume of 2,747,400 shares changing hands. The stock had previously closed at $21.27.

Several equities analysts have issued reports on ARRS shares. Zacks Investment Research raised shares of Arris Group from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Friday, June 10th. Jefferies Group reissued a “buy” rating and issued a $31.00 price objective (down from $40.00) on shares of Arris Group in a research note on Friday, June 10th. Needham & Company LLC boosted their price objective on shares of Arris Group from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, May 5th. Royal Bank Of Canada started coverage on shares of Arris Group in a research note on Wednesday, March 16th. They issued a “buy” rating on the stock. Finally, Goldman Sachs Group Inc. cut shares of Arris Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $39.00 to $26.00 in a research note on Monday, March 14th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $33.22.

The firm’s market cap is $4.33 billion. The company’s 50 day moving average price is $22.83 and its 200 day moving average price is $23.92.

Arris Group (NASDAQ:ARRS) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.07. During the same quarter last year, the business earned $0.44 earnings per share. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.58 billion. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. Equities analysts anticipate that Arris Group Inc. will post $2.60 earnings per share for the current year.

In related news, SVP James R. Brennan sold 8,500 shares of the firm’s stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $25.88, for a total transaction of $219,980.00. Following the transaction, the senior vice president now directly owns 35,221 shares in the company, valued at $911,519.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ronald Coppock sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $25.25, for a total value of $126,250.00. Following the transaction, the insider now owns 48,750 shares in the company, valued at $1,230,937.50. The disclosure for this sale can be found here.

A number of institutional investors have recently made changes to their positions in ARRS. Dimensional Fund Advisors LP boosted its position in shares of Arris Group by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,338,433 shares of the company’s stock valued at $102,059,000 after buying an additional 169,363 shares during the period. Redwood Investments LLC boosted its position in shares of Arris Group by 28.0% in the fourth quarter. Redwood Investments LLC now owns 43,445 shares of the company’s stock valued at $1,328,000 after buying an additional 9,516 shares during the period. US Bancorp DE boosted its position in shares of Arris Group by 9.7% in the fourth quarter. US Bancorp DE now owns 50,661 shares of the company’s stock valued at $1,547,000 after buying an additional 4,471 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Arris Group by 1.6% in the fourth quarter. Advisors Asset Management Inc. now owns 56,572 shares of the company’s stock valued at $1,729,000 after buying an additional 893 shares during the period. Finally, Garelick Capital Partners LP purchased a new position in shares of Arris Group during the fourth quarter valued at about $8,576,000.

ARRIS International plc focuses on entertainment and communications technology. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The CPE segment’s products include Set-Top, Gateway, digital subscriber line (DSL) and Cable Modem, and Embedded Multimedia Terminal Adapter (E-MTA) and Voice/Data Modem.

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