Knights of Columbus Asset Advisors LLC Purchases New Stake in Extreme Networks, Inc. (NASDAQ:EXTR)

Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) in the fourth quarter, Holdings Channel reports. The firm purchased 91,448 shares of the technology company’s stock, valued at approximately $1,613,000.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Extreme Networks by 17.0% in the third quarter. Vanguard Group Inc. now owns 12,895,107 shares of the technology company’s stock valued at $312,191,000 after purchasing an additional 1,877,727 shares in the last quarter. Raymond James & Associates lifted its stake in Extreme Networks by 4.1% during the 4th quarter. Raymond James & Associates now owns 540,028 shares of the technology company’s stock valued at $9,526,000 after acquiring an additional 21,203 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Extreme Networks by 167,176.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,409,102 shares of the technology company’s stock worth $60,137,000 after acquiring an additional 3,407,064 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Extreme Networks in the third quarter valued at about $31,284,000. Finally, Voss Capital LLC raised its holdings in shares of Extreme Networks by 55.6% in the fourth quarter. Voss Capital LLC now owns 2,170,500 shares of the technology company’s stock valued at $38,288,000 after purchasing an additional 775,500 shares during the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EXTR shares. StockNews.com cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. B. Riley raised Extreme Networks from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a report on Monday, April 15th. UBS Group downgraded Extreme Networks from a “buy” rating to a “neutral” rating and decreased their price target for the company from $22.00 to $14.00 in a research report on Thursday, February 1st. TheStreet cut Extreme Networks from a “b-” rating to a “c+” rating in a research report on Tuesday, February 20th. Finally, Needham & Company LLC decreased their target price on Extreme Networks from $23.00 to $16.50 and set a “buy” rating for the company in a research report on Thursday, February 1st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.36.

Insider Activity at Extreme Networks

In other Extreme Networks news, CEO Edward Meyercord sold 28,443 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $13.24, for a total value of $376,585.32. Following the sale, the chief executive officer now directly owns 1,129,611 shares in the company, valued at approximately $14,956,049.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.32% of the stock is owned by corporate insiders.

Extreme Networks Stock Performance

NASDAQ:EXTR opened at $10.97 on Monday. The business’s fifty day moving average is $11.70 and its 200 day moving average is $15.55. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 3.91 and a beta of 1.90. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.74 and a current ratio of 1.02. Extreme Networks, Inc. has a 52-week low of $10.57 and a 52-week high of $32.73.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). Extreme Networks had a net margin of 5.96% and a return on equity of 98.24%. The company had revenue of $296.38 million for the quarter, compared to analysts’ expectations of $295.50 million. Research analysts predict that Extreme Networks, Inc. will post 0.17 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.