Strs Ohio Buys 13,900 Shares of Extreme Networks, Inc. (NASDAQ:EXTR)

Strs Ohio boosted its stake in Extreme Networks, Inc. (NASDAQ:EXTRGet Rating) by 33.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,000 shares of the technology company’s stock after acquiring an additional 13,900 shares during the period. Strs Ohio’s holdings in Extreme Networks were worth $731,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Captrust Financial Advisors raised its position in shares of Extreme Networks by 389.4% in 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 period. Point72 Hong Kong Ltd bought a new stake in shares of Extreme Networks in the second quarter valued at approximately $58,000. Lazard Asset Management LLC raised its position in shares of Extreme Networks by 3,060.3% in 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 period. MQS Management LLC bought a new stake in shares of Extreme Networks in the second quarter valued at approximately $99,000. Finally, KBC Group NV bought a new stake in shares of Extreme Networks in the second quarter valued at approximately $99,000. Institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Cowen boosted their price objective on shares of Extreme Networks to $18.00 in a research note on Tuesday, November 1st. B. Riley boosted their price objective on shares of Extreme Networks from $18.00 to $23.00 in a research note on Friday, October 28th. Lake Street Capital boosted their price objective on shares of Extreme Networks from $15.00 to $19.00 in a research note on Friday, October 28th. Craig Hallum boosted their price objective on shares of Extreme Networks from $19.00 to $22.00 in a research note on Friday, October 28th. Finally, Needham & Company LLC boosted their price objective on shares of Extreme Networks from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, January 4th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $21.17.

Extreme Networks Trading Down 0.9 %

NASDAQ EXTR opened at $19.18 on Tuesday. The stock’s 50-day simple moving average is $19.10 and its two-hundred day simple moving average is $15.36. Extreme Networks, Inc. has a twelve month low of $8.49 and a twelve month 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 capitalization of $2.52 billion, a price-to-earnings ratio of 58.12 and a beta of 2.10.

Extreme Networks (NASDAQ:EXTRGet Rating) last released its quarterly earnings results on Thursday, October 27th. The technology company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $284.70 million. Research analysts forecast that Extreme Networks, Inc. will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling at Extreme Networks

In other Extreme Networks news, CFO Remi Thomas sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $18.08, for a total transaction of $180,800.00. Following the sale, the chief financial officer now owns 116,342 shares in the company, valued at $2,103,463.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Kathleen M. Holmgren acquired 5,370 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were purchased at an average price of $18.63 per share, for a total transaction of $100,043.10. Following the completion of the acquisition, the director now owns 201,034 shares in the company, valued at $3,745,263.42. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CFO Remi Thomas sold 10,000 shares of Extreme Networks stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $18.08, for a total value of $180,800.00. Following the completion of the transaction, the chief financial officer now owns 116,342 shares in the company, valued at approximately $2,103,463.36. The disclosure for this sale can be found here. Insiders have sold 46,858 shares of company stock worth $829,528 over the last 90 days. Corporate insiders own 3.16% of the company’s stock.

Extreme Networks Company Profile

(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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