Extreme Networks, Inc. (NASDAQ:EXTR) Stake Increased by Mackenzie Financial Corp

Mackenzie Financial Corp increased its stake in Extreme Networks, Inc. (NASDAQ:EXTRGet Rating) by 18.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,637 shares of the technology company’s stock after buying an additional 8,857 shares during the period. Mackenzie Financial Corp’s holdings in Extreme Networks were worth $514,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXTR. Meeder Asset Management Inc. bought a new stake in shares of Extreme Networks in the first quarter worth $36,000. Captrust Financial Advisors increased its stake in Extreme Networks by 389.4% during the first quarter. Captrust Financial Advisors now owns 4,463 shares of the technology company’s stock valued at $54,000 after purchasing an additional 3,551 shares during the last quarter. Lazard Asset Management LLC increased its stake in Extreme Networks by 3,060.3% during the second quarter. Lazard Asset Management LLC now owns 7,332 shares of the technology company’s stock valued at $65,000 after purchasing an additional 7,100 shares during the last quarter. KBC Group NV bought a new stake in Extreme Networks during the second quarter valued at $99,000. Finally, MQS Management LLC bought a new stake in Extreme Networks during the second quarter valued at $99,000. Institutional investors own 85.00% of the company’s stock.

Extreme Networks Stock Performance

EXTR stock opened at $19.92 on Friday. The company has a market capitalization of $2.62 billion, a P/E ratio of 60.37 and a beta of 2.08. The company has a 50-day simple moving average of $15.59 and a 200 day simple moving average of $12.76. Extreme Networks, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $20.25. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 2.09.

Analysts Set New Price Targets

Several research firms have weighed in on EXTR. B. Riley boosted their target price on shares of Extreme Networks from $18.00 to $23.00 in a research note on Friday, October 28th. Cowen upped their price target on shares of Extreme Networks to $18.00 in a research report on Tuesday, November 1st. Craig Hallum upped their price target on shares of Extreme Networks from $19.00 to $22.00 in a research report on Friday, October 28th. Westpark Capital initiated coverage on shares of Extreme Networks in a research report on Tuesday, September 13th. They set a “buy” rating for the company. Finally, TheStreet upgraded shares of Extreme Networks from a “c+” rating to a “b” rating in a research report on Thursday, October 27th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Extreme Networks presently has an average rating of “Buy” and an average target price of $19.75.

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 dated Thursday, October 27th. The shares were sold at an average price of $17.00, for a total value of $36,210.00. Following the completion of the sale, the chief executive officer now directly 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 available through this hyperlink. In other Extreme Networks news, CEO Edward Meyercord sold 2,130 shares of the company’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $17.00, for a total value of $36,210.00. Following the completion of the sale, the chief executive officer now directly 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 available through this hyperlink. Also, Director Raj Khanna sold 20,000 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $15.00, for a total transaction of $300,000.00. Following the completion of the sale, the director now directly owns 230,746 shares of the company’s stock, valued at $3,461,190. The disclosure for this sale can be found here. In the last three months, insiders sold 93,230 shares of company stock valued at $1,476,958. 3.16% of the stock is owned by insiders.

Extreme Networks Profile

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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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