Arrow Electronics, Inc. (NYSE:ARW) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 26.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 278,690 shares of the technology company's stock after buying an additional 59,129 shares during the quarter. Assenagon Asset Management S.A. owned about 0.54% of Arrow Electronics worth $28,936,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. BOK Financial Private Wealth Inc. purchased a new position in shares of Arrow Electronics during the 4th quarter worth $25,000. Brown Brothers Harriman & Co. purchased a new position in shares of Arrow Electronics during the 4th quarter worth $31,000. New Age Alpha Advisors LLC purchased a new position in shares of Arrow Electronics during the 4th quarter worth $47,000. Principal Securities Inc. lifted its stake in shares of Arrow Electronics by 35.7% during the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock worth $54,000 after purchasing an additional 126 shares during the period. Finally, CoreFirst Bank & Trust purchased a new position in shares of Arrow Electronics during the 4th quarter worth $55,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Arrow Electronics Trading Up 2.3%

Shares of ARW traded up $2.79 during trading hours on Monday, hitting $124.82. The stock had a trading volume of 329,513 shares, compared to its average volume of 495,386. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. The firm has a market cap of $6.47 billion, a P/E ratio of 17.15, a P/E/G ratio of 0.52 and a beta of 1.09. The company's fifty day simple moving average is $114.60 and its 200 day simple moving average is $112.35. Arrow Electronics, Inc. has a 12-month low of $86.50 and a 12-month high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.33. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.32 billion. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. The business's quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company posted $2.41 EPS. Equities research analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Bank of America increased their price target on Arrow Electronics from $105.00 to $110.00 and gave the stock an "underperform" rating in a research note on Monday, June 9th.

Insider Buying and Selling

In other Arrow Electronics news, insider Eric Nowak sold 4,952 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $122.39, for a total value of $606,075.28. Following the transaction, the insider now directly owns 43,895 shares of the company's stock, valued at $5,372,309.05. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gail Hamilton sold 1,458 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $122.39, for a total value of $178,444.62. Following the completion of the transaction, the director now directly owns 101 shares in the company, valued at $12,361.39. This trade represents a 93.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,070 shares of company stock valued at $1,116,062. 1.00% of the stock is currently owned by company insiders.

Arrow Electronics Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.