Charles Schwab Investment Management Inc. Has $17.43 Million Stake in Extreme Networks, Inc. (NASDAQ:EXTR)

Charles Schwab Investment Management Inc. raised its holdings in Extreme Networks, Inc. (NASDAQ:EXTR) by 0.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,159,633 shares of the technology company’s stock after acquiring an additional 8,169 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Extreme Networks were worth $17,429,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Extreme Networks by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock valued at $30,000 after buying an additional 1,035 shares during the last quarter. KBC Group NV grew its holdings in Extreme Networks by 54.3% in the 3rd quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock valued at $75,000 after buying an additional 1,745 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Extreme Networks by 1,635.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company’s stock valued at $67,000 after buying an additional 4,709 shares during the last quarter. Gladius Capital Management LP acquired a new stake in Extreme Networks in the 2nd quarter valued at approximately $90,000. Finally, Hennessy Advisors Inc. acquired a new stake in Extreme Networks in the 2nd quarter valued at approximately $148,000. Institutional investors and hedge funds own 91.05% of the company’s stock.

Extreme Networks Price Performance

Extreme Networks stock opened at $17.49 on Friday. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.63. The company has a market capitalization of $2.31 billion, a PE ratio of -18.03, a price-to-earnings-growth ratio of 3.92 and a beta of 1.76. Extreme Networks, Inc. has a one year low of $10.49 and a one year high of $18.77. The business has a 50 day simple moving average of $15.68 and a 200 day simple moving average of $14.26.

Insider Buying and Selling

In other Extreme Networks news, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $14.75, for a total value of $526,943.75. Following the completion of the transaction, the chief executive officer now owns 1,448,378 shares in the company, valued at approximately $21,363,575.50. The trade was a 2.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles Carinalli sold 5,000 shares of Extreme Networks stock in a transaction on Monday, November 25th. The shares were sold at an average price of $16.70, for a total value of $83,500.00. Following the completion of the transaction, the director now owns 366,793 shares of the company’s stock, valued at approximately $6,125,443.10. The trade was a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 91,450 shares of company stock worth $1,390,490 in the last 90 days. 3.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EXTR shares. Rosenblatt Securities reissued a “buy” rating and set a $21.00 price objective on shares of Extreme Networks in a report on Wednesday, November 6th. Craig Hallum lifted their price objective on Extreme Networks from $17.00 to $22.50 and gave the stock a “buy” rating in a report on Thursday, October 31st. StockNews.com lowered Extreme Networks from a “buy” rating to a “hold” rating in a report on Monday, November 25th. Finally, B. Riley lifted their price objective on Extreme Networks from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

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.