B. Riley Boosts Extreme Networks (NASDAQ:EXTR) Price Target to $15.00

Extreme Networks (NASDAQ:EXTR) had its price target hoisted by B. Riley from $14.00 to $15.00 in a report released on Thursday morning, Benzinga reports. B. Riley currently has a buy rating on the technology company’s stock.

A number of other brokerages also recently commented on EXTR. TheStreet downgraded shares of Extreme Networks from a b- rating to a c+ rating in a research note on Tuesday, February 20th. Craig Hallum lowered their price target on Extreme Networks from $15.00 to $13.00 and set a hold rating for the company in a report on Thursday. Needham & Company LLC restated a buy rating and set a $16.50 price objective on shares of Extreme Networks in a research note on Wednesday, May 1st. Rosenblatt Securities raised Extreme Networks from a neutral rating to a buy rating and upped their target price for the stock from $15.00 to $17.00 in a research report on Thursday. Finally, StockNews.com downgraded Extreme Networks from a buy rating to a hold rating in a report on Thursday, February 1st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Extreme Networks presently has an average rating of Hold and a consensus price target of $20.50.

Extreme Networks Stock Down 1.9 %

EXTR opened at $11.20 on Thursday. The company has a market cap of $1.44 billion, a PE ratio of -160.00, a price-to-earnings-growth ratio of 3.99 and a beta of 1.88. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.74 and a current ratio of 0.96. Extreme Networks has a 1 year low of $10.57 and a 1 year high of $32.73. The firm has a 50 day moving average price of $11.52 and a 200 day moving average price of $14.69.

Institutional Trading of Extreme Networks

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in 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 during the last quarter. Raymond James & Associates boosted its stake in shares of 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 buying an additional 21,203 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Extreme Networks by 167,176.8% in the fourth 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. Knights of Columbus Asset Advisors LLC acquired a new stake in Extreme Networks in the fourth quarter valued at $1,613,000. Finally, Loomis Sayles & Co. L P bought a new position in Extreme Networks during the 3rd quarter valued at $31,284,000. 91.05% of the stock is currently owned by institutional investors and hedge funds.

About Extreme Networks

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.