Extreme Networks, Inc. (NASDAQ:EXTR) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its position in Extreme Networks, Inc. (NASDAQ:EXTR) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,000 shares of the technology company’s stock after buying an additional 900 shares during the period. Handelsbanken Fonder AB’s holdings in Extreme Networks were worth $423,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Extreme Networks by 17.0% in the 3rd quarter. Vanguard Group Inc. now owns 12,895,107 shares of the technology company’s stock worth $312,191,000 after buying an additional 1,877,727 shares during the last quarter. FMR LLC boosted its holdings in Extreme Networks by 32.0% in the 3rd quarter. FMR LLC now owns 4,142,648 shares of the technology company’s stock worth $100,294,000 after buying an additional 1,004,002 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Extreme Networks by 167,176.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,409,102 shares of the technology company’s stock worth $60,137,000 after buying an additional 3,407,064 shares during the last quarter. Voss Capital LLC boosted its holdings in Extreme Networks by 55.6% in the 4th quarter. Voss Capital LLC now owns 2,170,500 shares of the technology company’s stock worth $38,288,000 after buying an additional 775,500 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in Extreme Networks in the 3rd quarter worth about $38,999,000. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Extreme Networks Stock Up 2.2 %

Shares of NASDAQ EXTR opened at $11.45 on Thursday. The business’s 50 day moving average is $11.57 and its two-hundred day moving average is $14.91. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 4.12 and a beta of 1.90. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 1.69. 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 quarterly earnings results 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 business had revenue of $296.38 million during the quarter, compared to analyst estimates of $295.50 million. Extreme Networks had a return on equity of 98.24% and a net margin of 5.96%. Research analysts predict that Extreme Networks, Inc. will post 0.17 EPS for the current year.

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.