7 hours Ago By ABMN Staff
Marshall Wace LLP decreased its stake in shares of Extreme Networks, Inc. ( NASDAQ:EXTR – Free Report ) by 70.9% in the 4th quarter, according to its most recent 13F filing with the SEC.
The firm owned 67,645 shares of the technology company’s stock after selling 164,660 shares during the period. Marshall Wace LLP’s holdings in Extreme Networks were worth $1,132,000 as of its most recent filing with the SEC. Several other hedge funds and other institutional investors have also modified their holdings of EXTR.
Vanguard Group Inc. raised its stake in Extreme Networks by 4.0% in the 4th quarter.
Vanguard Group Inc. now owns 17,919,069 shares of the technology company’s stock worth $299,965,000 after purchasing an additional 690,262 shares in the last quarter. Geode Capital Management LLC raised its stake in Extreme Networks by 1.
7% in the 4th quarter. Geode Capital Management LLC now owns 3,068,854 shares of the technology company’s stock worth $51,385,000 after purchasing an additional 49,888 shares in the last quarter. American Century Companies Inc.
raised its stake in Extreme Networks by 11.4% in the 4th quarter. American Century Companies Inc.
now owns 2,837,171 shares of the technology company’s stock worth $47,494,000 after purchasing an additional 290,184 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Extreme Networks by 397,835.5% in the 4th quarter.
Barrow Hanley Mewhinney & Strauss LLC now owns 2,276,191 shares of the technology company’s stock worth $38,103,000 after purchasing an additional 2,275,619 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in Extreme Networks by 2.5% in the 4th quarter.
William Blair Investment Management LLC now owns 2,141,387 shares of the technology company’s stock worth $35,847,000 after purchasing an additional 52,621 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.
Wall Street Analysts Forecast Growth EXTR has been the subject of several analyst reports. Rosenblatt Securities dropped their price objective on shares of Extreme Networks from $22.00 to $18.
00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Lake Street Capital lifted their price objective on shares of Extreme Networks from $15.00 to $16.
00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Extreme Networks in a research report on Thursday, January 30th.
One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Extreme Networks currently has a consensus rating of “Moderate Buy” and an average price target of $19.50.
Extreme Networks Trading Up 1.9 % Shares of EXTR stock opened at $13.32 on Wednesday.
The stock’s fifty day moving average price is $13.43 and its two-hundred day moving average price is $15.38.
The company has a market cap of $1.77 billion, a PE ratio of -14.17, a P/E/G ratio of 3.
06 and a beta of 1.57. Extreme Networks, Inc.
has a fifty-two week low of $10.10 and a fifty-two week high of $19.24.
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 released 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 net margin of 11.98% and a negative return on equity of 110.86%.
Equities analysts predict that Extreme Networks, Inc. will post 0.31 EPS for the current fiscal year.
Extreme Networks declared that its Board of Directors has initiated a stock buyback program on Tuesday, February 18th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 9.
2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued. Insider Activity at Extreme Networks In related news, CEO Edward Meyercord sold 35,725 shares of the firm’s stock in a transaction on Monday, February 3rd.
The stock was sold at an average price of $15.39, for a total transaction of $549,807.75.
Following the completion of the transaction, the chief executive officer now directly owns 1,478,941 shares of the company’s stock, valued at $22,760,901.99. This trade represents a 2.
36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . 3.
70% of the stock is currently owned by company insiders. 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.
Read More 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. ( NASDAQ:EXTR – Free Report ).
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