Nisa Investment Advisors LLC increased its position in Extreme Networks, Inc. (NASDAQ:EXTR – Free Report) by 146.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,942 shares of the technology company’s stock after acquiring an additional 2,935 shares during the period. Nisa Investment Advisors LLC’s holdings in Extreme Networks were worth $83,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Quarry LP acquired a new position in shares of Extreme Networks in the 3rd quarter valued at $26,000. 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 worth $30,000 after buying an additional 1,035 shares during the period. KBC Group NV increased its position in shares of 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 acquiring an additional 1,745 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Extreme Networks by 134.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,700 shares of the technology company’s stock valued at $176,000 after acquiring an additional 6,703 shares during the period. Finally, nVerses Capital LLC purchased a new stake in shares of Extreme Networks in the 3rd quarter valued at approximately $179,000. Institutional investors own 91.05% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Rosenblatt Securities increased their target price on Extreme Networks from $21.00 to $22.00 and gave the company a “buy” rating in a report on Thursday. B. Riley increased their price objective on Extreme Networks from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Craig Hallum lifted 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. StockNews.com upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Extreme Networks in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Extreme Networks has a consensus rating of “Moderate Buy” and a consensus price target of $19.25.
Extreme Networks Price Performance
Extreme Networks stock opened at $15.60 on Friday. The business has a 50 day simple moving average of $17.19 and a 200 day simple moving average of $15.59. 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 $2.06 billion, a PE ratio of -16.08, a price-to-earnings-growth ratio of 3.76 and a beta of 1.75. Extreme Networks, Inc. has a one year low of $10.49 and a one year high of $19.24.
Extreme Networks (NASDAQ:EXTR – Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). Extreme Networks had a negative return on equity of 80.55% and a negative net margin of 12.11%. On average, sell-side analysts forecast that Extreme Networks, Inc. will post 0.27 EPS for the current fiscal year.
Insider Activity at Extreme Networks
In related news, Director Charles Carinalli sold 5,000 shares of Extreme Networks stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $16.70, for a total value of $83,500.00. Following the completion of the sale, the director now directly owns 366,793 shares in the company, valued at $6,125,443.10. This trade represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by company insiders.
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.
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