New York State Teachers Retirement System Has $1.01 Million Holdings in Extreme Networks, Inc. (NASDAQ:EXTR)

New York State Teachers Retirement System boosted its position in Extreme Networks, Inc. (NASDAQ:EXTRGet Rating) by 6.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 77,229 shares of the technology company’s stock after acquiring an additional 4,352 shares during the quarter. New York State Teachers Retirement System’s holdings in Extreme Networks were worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Extreme Networks by 23.4% during the 1st quarter. JPMorgan Chase & Co. now owns 879,703 shares of the technology company’s stock worth $10,742,000 after acquiring an additional 166,540 shares during the period. MetLife Investment Management LLC grew its position in shares of Extreme Networks by 55.3% during the 1st quarter. MetLife Investment Management LLC now owns 66,855 shares of the technology company’s stock worth $816,000 after buying an additional 23,810 shares during the period. Rhumbline Advisers grew its position in shares of Extreme Networks by 5.2% during the 1st quarter. Rhumbline Advisers now owns 318,117 shares of the technology company’s stock worth $3,884,000 after buying an additional 15,816 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Extreme Networks by 13.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 111,394 shares of the technology company’s stock valued at $1,360,000 after purchasing an additional 13,231 shares during the period. Finally, BlackRock Inc. grew its holdings in Extreme Networks by 1.6% during the first quarter. BlackRock Inc. now owns 17,359,864 shares of the technology company’s stock valued at $211,964,000 after purchasing an additional 281,710 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Extreme Networks Stock Performance

Shares of EXTR stock opened at $18.64 on Friday. The firm has a 50 day moving average of $19.17 and a 200-day moving average of $15.48. Extreme Networks, Inc. has a 52 week low of $8.49 and a 52 week high of $21.03. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 2.09. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 56.49 and a beta of 2.10.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Cowen lifted their price target on shares of Extreme Networks to $18.00 in a research note on Tuesday, November 1st. TheStreet upgraded shares of Extreme Networks from a “c+” rating to a “b” rating in a report on Thursday, October 27th. Rosenblatt Securities upped their price target on shares of Extreme Networks from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, October 28th. Craig Hallum upped their price target on shares of Extreme Networks from $19.00 to $22.00 in a research note on Friday, October 28th. Finally, StockNews.com started coverage on shares of Extreme Networks in a research note on Wednesday, October 12th. They set a “strong-buy” rating on the stock. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $21.17.

Insider Transactions at Extreme Networks

In related news, Director Ingrid Burton sold 9,000 shares of the business’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $20.35, for a total value of $183,150.00. Following the sale, the director now directly owns 63,243 shares in the company, valued at approximately $1,286,995.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Ingrid Burton sold 9,000 shares of the business’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $20.35, for a total transaction of $183,150.00. Following the completion of the transaction, the director now owns 63,243 shares of the company’s stock, valued at $1,286,995.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen M. Holmgren bought 5,370 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was purchased at an average price of $18.63 per share, with a total value of $100,043.10. Following the transaction, the director now directly owns 201,034 shares in the company, valued at $3,745,263.42. The disclosure for this purchase can be found here. Insiders have sold 46,858 shares of company stock worth $829,528 in the last ninety days. Company insiders own 3.16% of the company’s stock.

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.

Further Reading

Want to see what other hedge funds are holding EXTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extreme Networks, Inc. (NASDAQ:EXTRGet Rating).

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

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