Strs Ohio Increases Stock Position in Extreme Networks, Inc. (NASDAQ:EXTR)

Strs Ohio increased its position in Extreme Networks, Inc. (NASDAQ:EXTRGet Rating) by 33.0% in the third quarter, Holdings Channel.com reports. The fund owned 56,000 shares of the technology company’s stock after purchasing an additional 13,900 shares during the period. Strs Ohio’s holdings in Extreme Networks were worth $731,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its holdings in Extreme Networks by 389.4% in the 1st quarter. Captrust Financial Advisors now owns 4,463 shares of the technology company’s stock worth $54,000 after acquiring an additional 3,551 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Extreme Networks in the 2nd quarter worth approximately $58,000. Lazard Asset Management LLC raised its stake in Extreme Networks by 3,060.3% during the 2nd quarter. Lazard Asset Management LLC now owns 7,332 shares of the technology company’s stock valued at $65,000 after buying an additional 7,100 shares during the last quarter. KBC Group NV bought a new position in shares of Extreme Networks during the 2nd quarter valued at $99,000. Finally, MQS Management LLC purchased a new position in shares of Extreme Networks in the 2nd quarter worth $99,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXTR has been the subject of a number of research reports. Needham & Company LLC upped their price objective on Extreme Networks from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, January 4th. Craig Hallum raised their target price on Extreme Networks from $19.00 to $22.00 in a research report on Friday, October 28th. B. Riley raised their target price on Extreme Networks from $18.00 to $23.00 in a research report on Friday, October 28th. StockNews.com assumed coverage on Extreme Networks in a research report on Wednesday, October 12th. They issued a “strong-buy” rating on the stock. Finally, Lake Street Capital lifted their price objective on Extreme Networks from $15.00 to $19.00 in a research report on Friday, October 28th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $21.17.

Extreme Networks Stock Performance

NASDAQ EXTR opened at $19.18 on Tuesday. The company has a market cap of $2.52 billion, a P/E ratio of 58.12 and a beta of 2.10. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.86 and a current ratio of 0.96. The business’s 50 day moving average price is $19.10 and its 200-day moving average price is $15.36. Extreme Networks, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $21.03.

Extreme Networks (NASDAQ:EXTRGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The technology company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $297.69 million for the quarter, compared to the consensus estimate of $284.70 million. Extreme Networks had a return on equity of 69.86% and a net margin of 3.87%. Sell-side analysts predict that Extreme Networks, Inc. will post 0.63 earnings per share for the current year.

Insider Buying and Selling at Extreme Networks

In other Extreme Networks news, CEO Edward Meyercord sold 2,130 shares of the company’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $17.00, for a total value of $36,210.00. Following the transaction, the chief executive officer now owns 1,006,629 shares of the company’s stock, valued at approximately $17,112,693. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Extreme Networks news, CEO Edward Meyercord sold 2,130 shares of the business’s stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $17.00, for a total transaction of $36,210.00. Following the sale, the chief executive officer now owns 1,006,629 shares of the company’s stock, valued at approximately $17,112,693. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CRO Joseph A. Vitalone sold 20,226 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $16.06, for a total transaction of $324,829.56. Following the sale, the executive now directly owns 41,298 shares in the company, valued at approximately $663,245.88. The disclosure for this sale can be found here. Insiders have sold 46,858 shares of company stock valued at $829,528 in the last quarter. 3.16% of the stock is owned by insiders.

About Extreme Networks

(Get Rating)

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.

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Institutional Ownership by Quarter for Extreme Networks (NASDAQ:EXTR)

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