G2 Investment Partners Management LLC Has $7.10 Million Stock Position in Extreme Networks, Inc. (NASDAQ:EXTR)

G2 Investment Partners Management LLC trimmed its position in Extreme Networks, Inc. (NASDAQ:EXTR) by 51.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 371,407 shares of the technology company’s stock after selling 393,796 shares during the quarter. Extreme Networks makes up 2.0% of G2 Investment Partners Management LLC’s portfolio, making the stock its 19th biggest position. G2 Investment Partners Management LLC owned 0.29% of Extreme Networks worth $7,101,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new stake in Extreme Networks in the first quarter worth about $32,000. Meeder Asset Management Inc. grew its position in shares of Extreme Networks by 49.8% during the 4th quarter. Meeder Asset Management Inc. now owns 1,781 shares of the technology company’s stock worth $33,000 after buying an additional 592 shares during the period. OLD Mission Capital LLC acquired a new position in shares of Extreme Networks during the 4th quarter worth about $35,000. Parkside Financial Bank & Trust grew its position in shares of Extreme Networks by 393.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,338 shares of the technology company’s stock worth $45,000 after buying an additional 1,864 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of Extreme Networks by 113.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,413 shares of the technology company’s stock worth $46,000 after buying an additional 1,280 shares during the period. 86.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EXTR shares. Rosenblatt Securities restated a “buy” rating and set a $35.00 target price on shares of Extreme Networks in a research report on Tuesday, September 5th. B. Riley lowered Extreme Networks from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $25.00 to $30.00 in a research report on Thursday, August 3rd. Craig Hallum boosted their target price on Extreme Networks from $17.50 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. StockNews.com started coverage on Extreme Networks in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Finally, Needham & Company LLC boosted their price objective on Extreme Networks from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.71.

Extreme Networks Stock Down 0.4 %

NASDAQ EXTR traded down $0.11 during trading on Tuesday, hitting $25.48. The stock had a trading volume of 159,290 shares, compared to its average volume of 1,768,576. The company has a market capitalization of $3.31 billion, a PE ratio of 44.12, a P/E/G ratio of 1.30 and a beta of 2.04. The company’s 50-day moving average price is $27.85 and its two-hundred day moving average price is $22.33. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.85 and a current ratio of 1.00. Extreme Networks, Inc. has a 12 month low of $12.09 and a 12 month high of $32.73.

Extreme Networks (NASDAQ:EXTR) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. The firm had revenue of $363.91 million for the quarter, compared to analysts’ expectations of $344.85 million. Extreme Networks had a return on equity of 95.31% and a net margin of 5.95%. As a group, sell-side analysts forecast that Extreme Networks, Inc. will post 1.15 EPS for the current year.

Extreme Networks Company Profile

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.