Avior Wealth Management LLC Takes $157,000 Position in Extreme Networks, Inc. (NASDAQ:EXTR)

Avior Wealth Management LLC bought a new stake in shares of Extreme Networks, Inc. (NASDAQ:EXTRFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,404 shares of the technology company’s stock, valued at approximately $157,000.

Other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in shares of Extreme Networks by 318.7% during the third quarter. Victory Capital Management Inc. now owns 4,466,031 shares of the technology company’s stock worth $67,124,000 after purchasing an additional 3,399,288 shares during the period. Portolan Capital Management LLC boosted its stake in shares of Extreme Networks by 194.6% during the 3rd quarter. Portolan Capital Management LLC now owns 1,060,828 shares of the technology company’s stock worth $15,944,000 after acquiring an additional 700,724 shares in 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 worth $9,839,000 after acquiring an additional 531,500 shares during the period. Susquehanna Fundamental Investments LLC increased its position in Extreme Networks by 491.1% during the second quarter. Susquehanna Fundamental Investments LLC now owns 333,644 shares of the technology company’s stock worth $4,488,000 after acquiring an additional 277,196 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Extreme Networks by 57.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 738,297 shares of the technology company’s stock valued at $11,097,000 after acquiring an additional 269,459 shares during the period. 91.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on Extreme Networks

Extreme Networks Price Performance

Shares of Extreme Networks stock opened at $16.25 on Tuesday. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of -16.75, a price-to-earnings-growth ratio of 3.76 and a beta of 1.75. Extreme Networks, Inc. has a twelve month low of $10.49 and a twelve month high of $19.24. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 5.33. The company has a 50-day simple moving average of $17.14 and a two-hundred day simple moving average of $15.56.

Insider Buying and Selling

In other Extreme Networks news, Director Raj Khanna sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were 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. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles Carinalli sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $16.06, for a total value of $80,300.00. Following the transaction, the director now owns 371,793 shares of the company’s stock, valued at $5,970,995.58. This trade represents a 1.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,725 shares of company stock worth $863,546. Corporate insiders own 3.70% of the company’s stock.

Extreme Networks Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Extreme Networks (NASDAQ:EXTR)

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