Extreme Networks, Inc. (NASDAQ:EXTR) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in Extreme Networks, Inc. (NASDAQ:EXTR) by 68.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,753 shares of the technology company’s stock after selling 175,765 shares during the quarter. BNP Paribas Financial Markets owned about 0.06% of Extreme Networks worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Andina Capital Management LLC increased its stake in Extreme Networks by 4.1% during the 3rd quarter. Andina Capital Management LLC now owns 20,405 shares of the technology company’s stock valued at $307,000 after buying an additional 795 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Extreme Networks by 109.5% in the third quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock valued at $30,000 after acquiring an additional 1,035 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Extreme Networks by 2.2% during the third quarter. OneDigital Investment Advisors LLC now owns 70,841 shares of the technology company’s stock valued at $1,065,000 after acquiring an additional 1,541 shares during the period. Louisiana State Employees Retirement System raised its holdings in Extreme Networks by 2.5% during the second 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 in the last quarter. Finally, KBC Group NV lifted its position in Extreme Networks by 54.3% in the third quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock worth $75,000 after purchasing an additional 1,745 shares during the period. Institutional investors own 91.05% of the company’s stock.

Extreme Networks Price Performance

EXTR opened at $17.58 on Tuesday. 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 stock has a market capitalization of $2.32 billion, a P/E ratio of -18.12, a price-to-earnings-growth ratio of 3.81 and a beta of 1.76. The company’s 50 day simple moving average is $15.73 and its 200-day simple moving average is $14.33. Extreme Networks, Inc. has a one year low of $10.49 and a one year high of $18.77.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, CEO Edward Meyercord sold 35,725 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $14.75, for a total value of $526,943.75. Following the transaction, the chief executive officer now directly owns 1,448,378 shares in the company, valued at $21,363,575.50. This represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Raj Khanna sold 10,000 shares of Extreme Networks stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $16.53, for a total transaction of $165,300.00. Following the sale, the director now directly owns 228,733 shares of the company’s stock, valued at $3,780,956.49. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,450 shares of company stock valued at $1,390,490. 3.70% of the stock is currently owned by corporate insiders.

Extreme Networks 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.