Harbor Capital Advisors Inc. Sells 82,194 Shares of Extreme Networks, Inc. (NASDAQ:EXTR)

Harbor Capital Advisors Inc. lessened its holdings in Extreme Networks, Inc. (NASDAQ:EXTR) by 76.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,730 shares of the technology company’s stock after selling 82,194 shares during the period. Harbor Capital Advisors Inc.’s holdings in Extreme Networks were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in shares of Extreme Networks by 318.7% in the third quarter. Victory Capital Management Inc. now owns 4,466,031 shares of the technology company’s stock valued at $67,124,000 after purchasing an additional 3,399,288 shares during the last quarter. Rubric Capital Management LP boosted its holdings in shares of Extreme Networks by 52.3% during the 2nd quarter. Rubric Capital Management LP now owns 5,254,744 shares of the technology company’s stock worth $70,676,000 after buying an additional 1,804,744 shares during the period. Portolan Capital Management LLC grew its stake in Extreme Networks by 194.6% in the 3rd quarter. Portolan Capital Management LLC now owns 1,060,828 shares of the technology company’s stock valued at $15,944,000 after buying an additional 700,724 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Extreme Networks by 265.8% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 731,500 shares of the technology company’s stock valued at $9,839,000 after acquiring an additional 531,500 shares during the period. Finally, Clearline Capital LP lifted its position in Extreme Networks by 252.4% during the second quarter. Clearline Capital LP now owns 613,360 shares of the technology company’s stock worth $8,250,000 after acquiring an additional 439,321 shares during the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $21.00 target price on shares of Extreme Networks in a research report on Wednesday, November 6th. Craig Hallum upped their price objective on Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a report on Thursday, October 31st. StockNews.com raised Extreme Networks from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Finally, B. Riley upped their price target on shares of Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Extreme Networks Price Performance

Shares of NASDAQ EXTR opened at $17.18 on Wednesday. The business has a fifty day moving average price of $17.01 and a two-hundred day moving average price of $15.32. The stock has a market capitalization of $2.27 billion, a PE ratio of -17.71, a P/E/G ratio of 3.96 and a beta of 1.75. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.63. Extreme Networks, Inc. has a fifty-two week low of $10.49 and a fifty-two week high of $19.24.

Insider Buying and Selling

In related news, Director Raj Khanna sold 10,000 shares of Extreme Networks stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $16.53, for a total value of $165,300.00. Following the transaction, the director now directly owns 228,733 shares of the company’s stock, valued at $3,780,956.49. This trade represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles Carinalli sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $16.70, for a total transaction of $83,500.00. Following the transaction, the director now owns 366,793 shares of the company’s stock, valued at approximately $6,125,443.10. This represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,725 shares of company stock worth $863,546. Company insiders own 3.70% of the company’s stock.

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.