2 weeks Ago By Defense World Staff
KLP Kapitalforvaltning AS acquired a new stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 27,200 shares of the technology company’s stock, valued at approximately $455,000.
Several other large investors have also recently modified their holdings of EXTR. Quarry LP bought a new position in Extreme Networks during the 3rd quarter worth approximately $26,000. Byrne Asset Management LLC bought a new position in shares of Extreme Networks in the fourth quarter worth approximately $30,000.
Smartleaf Asset Management LLC increased its stake in shares of Extreme Networks by 385.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,183 shares of the technology company’s stock worth $37,000 after buying an additional 1,733 shares during the period.
Pacer Advisors Inc. raised its holdings in Extreme Networks by 31.4% during the 4th quarter.
Pacer Advisors Inc. now owns 3,104 shares of the technology company’s stock valued at $52,000 after buying an additional 741 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Extreme Networks by 146.
2% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,942 shares of the technology company’s stock valued at $83,000 after buying an additional 2,935 shares during the period. Hedge funds and other institutional investors own 91.
05% of the company’s stock. Extreme Networks Stock Down 5.1 %EXTR stock opened at $11.
03 on Friday. Extreme Networks, Inc. has a fifty-two week low of $10.
17 and a fifty-two week high of $19.24. The company has a market capitalization of $1.
46 billion, a price-to-earnings ratio of -11.73, a price-to-earnings-growth ratio of 3.06 and a beta of 1.
72. The business’s 50 day moving average price is $14.97 and its two-hundred day moving average price is $15.
81. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.
68 and a current ratio of 0.93. Extreme Networks (NASDAQ:EXTR – Get Free Report) last issued its quarterly earnings results 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 110.86% and a negative net margin of 11.
98%. As a group, analysts forecast 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 plan on Tuesday, February 18th that allows the company to buyback $200.00 million in shares.
This buyback authorization allows the technology company to reacquire up to 9.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Wall Street Analyst Weigh InA number of research firms have issued reports on EXTR. Needham & Company LLC restated a “buy” rating and issued a $20.00 price objective on shares of Extreme Networks in a research report on Thursday, January 30th.
Lake Street Capital upped their price target on Extreme Networks from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Thursday, January 30th.
StockNews.com upgraded Extreme Networks from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Finally, Rosenblatt Securities restated a “buy” rating and set a $22.
00 target price on shares of Extreme Networks in a report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.
30.Get Our Latest Research Report on EXTRInsiders Place Their BetsIn related news, CEO Edward Meyercord sold 35,725 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $15.
39, for a total transaction of $549,807.75. Following the completion of the sale, the chief executive officer now directly owns 1,478,941 shares in the company, valued at approximately $22,760,901.
99. The trade was a 2.36 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.70% of the stock is currently owned by insiders.
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 ArticlesFive stocks we like better than Extreme NetworksWhat Are Dividend Champions? How to Invest in the ChampionsArcher Aviation’s Africa Deal Could Boost ACHR StockRetail Stocks Investing, ExplainedAre Short Sellers Wrong About These 3 Semiconductor Stocks?Low PE Growth Stocks: Unlocking Investment OpportunitiesBoeing Gets $50B in March Orders—Is BA Stock a Buy Now?.
