State Street Corp Boosts Stake in Extreme Networks, Inc. (NASDAQ:EXTR)

State Street Corp lifted its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,134,008 shares of the technology company’s stock after buying an additional 49,905 shares during the period. State Street Corp’s holdings in Extreme Networks were worth $77,164,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EXTR. Andina Capital Management LLC lifted its holdings in shares of 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 increased its position in Extreme Networks by 109.5% during 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 during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Extreme Networks by 2.2% in 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 boosted its position in Extreme Networks by 2.5% in 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 during the last quarter. Finally, Quarry LP bought a new stake in shares of Extreme Networks during the 3rd quarter valued at about $26,000. 91.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at Extreme Networks

In related news, Director Charles Carinalli sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $16.70, for a total value of $83,500.00. Following the transaction, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward Meyercord sold 35,725 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $14.96, for a total transaction of $534,446.00. Following the sale, the chief executive officer now directly owns 1,448,378 shares of the company’s stock, valued at approximately $21,667,734.88. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,450 shares of company stock worth $1,390,490. 3.70% of the stock is owned by corporate insiders.

Extreme Networks Stock Performance

EXTR opened at $18.12 on Wednesday. The company has a 50 day simple moving average of $16.05 and a two-hundred day simple moving average of $14.57. 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 firm has a market cap of $2.39 billion, a P/E ratio of -18.70, a PEG ratio of 3.87 and a beta of 1.76. Extreme Networks, Inc. has a 1-year low of $10.49 and a 1-year high of $18.67.

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.