Mirador Capital Partners LP Has $5.49 Million Holdings in Extreme Networks, Inc. (NASDAQ:EXTR)

Mirador Capital Partners LP boosted its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 365,324 shares of the technology company’s stock after purchasing an additional 2,263 shares during the period. Extreme Networks accounts for 1.0% of Mirador Capital Partners LP’s investment portfolio, making the stock its 25th biggest holding. Mirador Capital Partners LP’s holdings in Extreme Networks were worth $5,491,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of EXTR. Andina Capital Management LLC grew its stake in shares of Extreme Networks by 3.8% in the 2nd quarter. Andina Capital Management LLC now owns 19,610 shares of the technology company’s stock valued at $264,000 after buying an additional 719 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Extreme Networks by 2.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 65,400 shares of the technology company’s stock worth $880,000 after purchasing an additional 1,600 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Extreme Networks by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 25,502 shares of the technology company’s stock valued at $294,000 after purchasing an additional 1,741 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Extreme Networks by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 64,433 shares of the technology company’s stock worth $867,000 after buying an additional 1,749 shares during the last quarter. Finally, Ensign Peak Advisors Inc lifted its position in shares of Extreme Networks by 4.9% in the second quarter. Ensign Peak Advisors Inc now owns 47,907 shares of the technology company’s stock worth $644,000 after buying an additional 2,250 shares during the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Insider Activity at Extreme Networks

In related news, CEO Edward Meyercord sold 35,725 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $14.75, for a total transaction of $526,943.75. Following the completion of the sale, the chief executive officer now owns 1,448,378 shares in the company, valued at $21,363,575.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.32% of the stock is owned by insiders.

Extreme Networks Stock Performance

Shares of EXTR traded up $0.09 on Friday, reaching $14.94. 676,241 shares of the stock traded hands, compared to its average volume of 1,948,362. The stock’s 50-day moving average price is $14.51 and its 200-day moving average price is $12.83. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.90 and a quick ratio of 0.63. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of -213.43, a P/E/G ratio of 3.46 and a beta of 1.76. Extreme Networks, Inc. has a 12 month low of $10.49 and a 12 month high of $25.51.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). Extreme Networks had a negative net margin of 7.69% and a negative return on equity of 24.51%. The business had revenue of $256.65 million during the quarter, compared to analyst estimates of $253.21 million. During the same quarter in the prior year, the company posted $0.24 EPS. The company’s quarterly revenue was down 29.5% compared to the same quarter last year. Equities analysts forecast that Extreme Networks, Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Craig Hallum raised their price objective on Extreme Networks from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $16.50 price target on shares of Extreme Networks in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $15.90.

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.