1 week Ago By Defense World Staff
Norges Bank purchased a new position in shares of Extreme Networks, Inc. (NASDAQ:EXTR – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 559,304 shares of the technology company’s stock, valued at approximately $9,363,000.
Norges Bank owned approximately 0.42% of Extreme Networks as of its most recent SEC filing. A number of other large investors also recently modified their holdings of EXTR.
JPMorgan Chase & Co. grew its stake in shares of Extreme Networks by 312.1% during the fourth quarter.
JPMorgan Chase & Co. now owns 1,199,399 shares of the technology company’s stock worth $20,078,000 after purchasing an additional 908,336 shares in the last quarter. Vanguard Group Inc.
increased its holdings in shares of Extreme Networks by 4.0% in the 4th quarter. Vanguard Group Inc.
now owns 17,919,069 shares of the technology company’s stock valued at $299,965,000 after acquiring an additional 690,262 shares during the last quarter. LPL Financial LLC raised its position in shares of Extreme Networks by 24.1% during the 4th quarter.
LPL Financial LLC now owns 34,016 shares of the technology company’s stock worth $569,000 after acquiring an additional 6,601 shares in the last quarter. Fox Run Management L.L.
C. purchased a new stake in Extreme Networks during the fourth quarter worth approximately $1,616,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Extreme Networks in the fourth quarter valued at approximately $455,000.
91.05% of the stock is owned by hedge funds and other institutional investors. Insider Buying and Selling at Extreme NetworksIn other Extreme Networks news, CEO Edward Meyercord sold 35,725 shares of the stock in a transaction dated Monday, February 3rd.
The shares were sold at an average price of $15.39, for a total value 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 approximately $22,760,901.99. This trade represents a 2.
36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.
70% of the stock is owned by corporate insiders. Wall Street Analyst Weigh InSeveral research analysts have recently issued reports on EXTR shares. Lake Street Capital upped their target price on shares of Extreme Networks from $15.
00 to $16.00 and gave the company a “hold” rating in a report on Thursday, January 30th. StockNews.
com raised Extreme Networks from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Rosenblatt Securities reissued a “buy” rating and issued a $22.00 target price on shares of Extreme Networks in a research report on Friday, February 7th.
Finally, Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Extreme Networks in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock.
According to data from MarketBeat.com, Extreme Networks presently has an average rating of “Moderate Buy” and a consensus price target of $20.30.
Get Our Latest Report on EXTRExtreme Networks Trading Down 2.3 %Shares of Extreme Networks stock opened at $10.84 on Wednesday.
The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 3.
34. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -11.
53, a price-to-earnings-growth ratio of 3.06 and a beta of 1.57.
Extreme Networks, Inc. has a 52-week low of $10.10 and a 52-week high of $19.
24. The company’s 50-day simple moving average is $14.66 and its 200-day simple moving average is $15.
73. Extreme Networks (NASDAQ:EXTR – Get Free Report) last issued its earnings results on Wednesday, January 29th. The technology company reported $0.
11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities research analysts anticipate that Extreme Networks, Inc. will post 0.31 earnings per share for the current year.
Extreme Networks announced that its board has authorized a share repurchase program on Tuesday, February 18th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 9.
2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued. Extreme Networks Company 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 MoreFive stocks we like better than Extreme NetworksThe How And Why of Investing in Oil StocksTariff-Proof Stocks: 3 Big Bargains With Huge Upside PotentialWhat Investors Need to Know to Beat the MarketQualcomm Breaks Down But RSI Signals It’s Severely OversoldInvesting in Construction StocksTesla’s #1 Bull Cuts Target But Says It’s Still a Buy.
