1 week Ago By ABMN Staff
JPMorgan Chase & Co. boosted its holdings in shares of Extreme Networks, Inc. ( NASDAQ:EXTR – Free Report ) by 312.
1% in the fourth quarter, HoldingsChannel reports. The firm owned 1,199,399 shares of the technology company’s stock after buying an additional 908,336 shares during the period. JPMorgan Chase & Co.
’s holdings in Extreme Networks were worth $20,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc.
raised its stake in shares of Extreme Networks by 4.0% during the 4th quarter. Vanguard Group Inc.
now owns 17,919,069 shares of the technology company’s stock valued at $299,965,000 after buying an additional 690,262 shares during the last quarter. State Street Corp grew its holdings in Extreme Networks by 1.0% during the third quarter.
State Street Corp now owns 5,134,008 shares of the technology company’s stock worth $77,164,000 after acquiring an additional 49,905 shares during the period. American Century Companies Inc. raised its position in Extreme Networks by 11.
4% during the fourth quarter. American Century Companies Inc. now owns 2,837,171 shares of the technology company’s stock valued at $47,494,000 after acquiring an additional 290,184 shares in the last quarter.
William Blair Investment Management LLC lifted its holdings in Extreme Networks by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 2,141,387 shares of the technology company’s stock valued at $35,847,000 after acquiring an additional 52,621 shares during the period.
Finally, Charles Schwab Investment Management Inc. boosted its position in Extreme Networks by 5.3% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 1,221,500 shares of the technology company’s stock worth $20,448,000 after purchasing an additional 61,867 shares in the last quarter. 91.
05% of the stock is owned by hedge funds and other institutional investors. Insider Buying and Selling In related news, CEO Edward Meyercord sold 35,725 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $15.
39, for a total value of $549,807.75. Following the completion of the sale, the chief executive officer now owns 1,478,941 shares of the company’s stock, valued at approximately $22,760,901.
99. This trade represents a 2.36 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . 3.70% of the stock is owned by company insiders.
Extreme Networks Stock Performance Extreme Networks ( NASDAQ:EXTR – Get Free Report ) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.
18 by ($0.07). Extreme Networks had a negative return on equity of 110.
86% and a negative net margin of 11.98%. Equities analysts anticipate that Extreme Networks, Inc.
will post 0.31 earnings per share for the current fiscal year. Extreme Networks announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 18th that authorizes the company to repurchase $200.
00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 9.2% of its shares through open market purchases.
Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued. Wall Street Analyst Weigh In Several research firms have recently weighed in on EXTR. Needham & Company LLC reaffirmed a “buy” rating and set a $20.
00 target price on shares of Extreme Networks in a report on Thursday, January 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $22.00 price objective on shares of Extreme Networks in a research report on Friday, February 7th.
StockNews.com upgraded Extreme Networks from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Finally, Lake Street Capital lifted their price target on Extreme Networks from $15.
00 to $16.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock.
According to data from MarketBeat, Extreme Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.30. Check Out Our Latest Research Report on Extreme Networks About Extreme Networks ( 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. Featured Stories Want to see what other hedge funds are holding EXTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extreme Networks, Inc.
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