Rosenblatt Securities upgraded shares of Extreme Networks (NASDAQ:EXTR – Free Report) from a neutral rating to a buy rating in a report published on Thursday, MarketBeat reports. The brokerage currently has $17.00 price target on the technology company’s stock, up from their previous price target of $15.00.
A number of other equities analysts have also recently commented on EXTR. Needham & Company LLC reiterated a buy rating and issued a $16.50 target price on shares of Extreme Networks in a report on Wednesday, May 1st. UBS Group lowered shares of Extreme Networks from a buy rating to a neutral rating and dropped their price objective for the stock from $22.00 to $14.00 in a research note on Thursday, February 1st. StockNews.com downgraded 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 report on Tuesday, February 20th. Finally, B. Riley upgraded shares of Extreme Networks from a neutral rating to a buy rating and set a $14.00 price target on the stock in a report on Monday, April 15th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $20.50.
Read Our Latest Research Report on Extreme Networks
Extreme Networks Stock Down 1.9 %
Institutional Trading of Extreme Networks
Several institutional investors and hedge funds have recently made changes to their positions in the business. Asset Management One Co. Ltd. purchased a new stake in shares of Extreme Networks in the third quarter valued at approximately $37,000. Handelsbanken Fonder AB grew its position in shares of Extreme Networks by 26.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 23,100 shares of the technology company’s stock worth $559,000 after buying an additional 4,900 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Extreme Networks during the third quarter valued at $549,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Extreme Networks in the third quarter valued at about $339,000. Finally, Raymond James & Associates lifted its stake in Extreme Networks by 19.1% in the third quarter. Raymond James & Associates now owns 518,825 shares of the technology company’s stock worth $12,561,000 after acquiring an additional 83,211 shares during the period. 91.05% of the stock is currently owned by institutional investors.
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.
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