Mackenzie Financial Corp Has $227,000 Stock Holdings in Extreme Networks, Inc. (NASDAQ:EXTR)

Mackenzie Financial Corp lowered its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 57.4% in the fourth quarter, Holdings Channel reports. The firm owned 12,851 shares of the technology company’s stock after selling 17,351 shares during the period. Mackenzie Financial Corp’s holdings in Extreme Networks were worth $227,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of EXTR. Allworth Financial LP raised its position in shares of Extreme Networks by 4,924.4% during the fourth 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 during the period. Asset Management One Co. Ltd. bought a new stake in Extreme Networks during the 3rd quarter worth approximately $37,000. Tucker Asset Management LLC acquired a new stake in Extreme Networks during the 3rd quarter worth approximately $41,000. Harvest Fund Management Co. Ltd bought a new position in Extreme Networks in the third quarter valued at approximately $91,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted 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 valued at $97,000 after buying an additional 1,380 shares during the period. Institutional investors own 91.05% of the company’s stock.

Extreme Networks Stock Performance

Shares of NASDAQ EXTR opened at $11.60 on Monday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.74 and a current ratio of 1.02. The stock has a 50 day moving average price of $11.60 and a 200 day moving average price of $15.10. The stock has a market capitalization of $1.49 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 4.14 and a beta of 1.90. Extreme Networks, Inc. has a 52 week low of $10.57 and a 52 week high of $32.73.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). The company had revenue of $296.38 million during the quarter, compared to analyst estimates of $295.50 million. Extreme Networks had a net margin of 5.96% and a return on equity of 98.24%. Analysts predict that Extreme Networks, Inc. will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on EXTR. Rosenblatt Securities lowered shares of Extreme Networks from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $19.00 to $15.00 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 price target on the stock in a research note on Monday, April 15th. UBS Group cut Extreme Networks from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $22.00 to $14.00 in a research report on Thursday, February 1st. StockNews.com lowered Extreme Networks from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Finally, Needham & Company LLC reduced their price target 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.36.

Insider Activity

In other news, CEO Edward Meyercord sold 28,443 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $14,956,049.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.32% of the company’s stock.

Extreme Networks 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.