PNC Financial Services Group Inc. Has $195,000 Position in Extreme Networks, Inc. (NASDAQ:EXTR)

PNC Financial Services Group Inc. lessened its holdings in Extreme Networks, Inc. (NASDAQ:EXTR) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,066 shares of the technology company’s stock after selling 975 shares during the period. PNC Financial Services Group Inc.’s holdings in Extreme Networks were worth $195,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EXTR. HighTower Advisors LLC acquired a new stake in Extreme Networks during the 3rd quarter worth about $312,000. Hsbc Holdings PLC increased its stake in Extreme Networks by 85.6% in the 3rd quarter. Hsbc Holdings PLC now owns 26,017 shares of the technology company’s stock valued at $633,000 after buying an additional 12,000 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Extreme Networks by 80.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 22,589 shares of the technology company’s stock worth $547,000 after buying an additional 10,081 shares in the last quarter. Alpine Global Management LLC acquired a new stake in shares of Extreme Networks during the 3rd quarter valued at $264,000. Finally, Teza Capital Management LLC purchased a new position in shares of Extreme Networks during the 3rd quarter valued at $304,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Extreme Networks Stock Down 1.1 %

Shares of Extreme Networks stock opened at $12.98 on Wednesday. Extreme Networks, Inc. has a 12-month low of $10.49 and a 12-month high of $32.73. The company has a quick ratio of 0.61, a current ratio of 0.96 and a debt-to-equity ratio of 2.78. The stock has a 50 day moving average price of $11.69 and a two-hundred day moving average price of $12.96. The stock has a market capitalization of $1.69 billion, a P/E ratio of -185.43, a PEG ratio of 9.89 and a beta of 1.79.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). Extreme Networks had a positive return on equity of 37.36% and a negative net margin of 0.52%. The firm had revenue of $211.04 million during the quarter, compared to analyst estimates of $207.80 million. Equities analysts expect that Extreme Networks, Inc. will post 0.08 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on EXTR. Rosenblatt Securities raised Extreme Networks from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $15.00 to $17.00 in a research report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and issued a $16.50 price target on shares of Extreme Networks in a research note on Monday, June 10th. B. Riley raised their price objective on shares of Extreme Networks from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, Craig Hallum raised shares of Extreme Networks from a “hold” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $14.00 in a research report on Thursday, May 16th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Extreme Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.25.

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.