Strs Ohio Acquires 6,600 Shares of Extreme Networks, Inc. (NASDAQ:EXTR)

Strs Ohio increased its position in Extreme Networks, Inc. (NASDAQ:EXTR) by 14.3% in the 4th quarter, HoldingsChannel reports. The fund owned 52,600 shares of the technology company’s stock after purchasing an additional 6,600 shares during the period. Strs Ohio’s holdings in Extreme Networks were worth $927,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in Extreme Networks by 4,924.4% during the 4th quarter. Allworth Financial LP now owns 2,060 shares of the technology company’s stock worth $36,000 after purchasing an additional 2,019 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in Extreme Networks in the 3rd quarter worth approximately $37,000. Tucker Asset Management LLC bought a new position in Extreme Networks in the 3rd quarter valued at $41,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Extreme Networks during the 3rd quarter valued at $91,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Extreme Networks by 53.1% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,980 shares of the technology company’s stock worth $97,000 after purchasing an additional 1,380 shares during the period. 91.05% of the stock is currently owned by institutional investors.

Insider Activity at Extreme Networks

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on EXTR shares. StockNews.com lowered Extreme Networks from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. TheStreet cut shares of Extreme Networks from a “b-” rating to a “c+” rating in a research report on Tuesday, February 20th. B. Riley upgraded shares of Extreme Networks from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Monday, April 15th. Needham & Company LLC cut their price target on shares of Extreme Networks from $23.00 to $16.50 and set a “buy” rating for the company in a research note on Thursday, February 1st. Finally, Rosenblatt Securities cut shares of Extreme Networks from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $19.00 to $15.00 in a research report on Thursday, February 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.36.

Extreme Networks Trading Up 0.5 %

Shares of EXTR opened at $11.15 on Thursday. Extreme Networks, Inc. has a fifty-two week low of $10.57 and a fifty-two week high of $32.73. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 3.83 and a beta of 1.90. The firm has a 50 day moving average price of $11.63 and a 200-day moving average price of $15.35. 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 (NASDAQ:EXTR) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.05). Extreme Networks had a return on equity of 98.24% and a net margin of 5.96%. The business had revenue of $296.38 million during the quarter, compared to the consensus estimate of $295.50 million. As a group, equities research analysts forecast that Extreme Networks, Inc. will post 0.17 earnings per share 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.