Extreme Networks, Inc. (NASDAQ:EXTR) Stock Position Trimmed by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC decreased its position in Extreme Networks, Inc. (NASDAQ:EXTR) by 19.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 397,148 shares of the technology company’s stock after selling 94,242 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.30% of Extreme Networks worth $5,969,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Andina Capital Management LLC raised its position in Extreme Networks by 3.8% in the second quarter. Andina Capital Management LLC now owns 19,610 shares of the technology company’s stock worth $264,000 after acquiring an additional 719 shares in the last quarter. GAMMA Investing LLC lifted its stake in Extreme Networks by 109.5% during the third quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock valued at $30,000 after buying an additional 1,035 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in Extreme Networks by 2.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 70,841 shares of the technology company’s stock worth $1,065,000 after purchasing an additional 1,541 shares during the period. Louisiana State Employees Retirement System boosted its position in Extreme Networks by 2.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 65,400 shares of the technology company’s stock worth $880,000 after acquiring an additional 1,600 shares during the period. Finally, ProShare Advisors LLC grew its stake in Extreme Networks by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 25,502 shares of the technology company’s stock valued at $294,000 after acquiring an additional 1,741 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EXTR. Needham & Company LLC reaffirmed a “buy” rating and set a $16.50 price objective on shares of Extreme Networks in a research report on Thursday, August 8th. StockNews.com raised shares of Extreme Networks from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th. Rosenblatt Securities reissued a “buy” rating and set a $21.00 price objective on shares of Extreme Networks in a research report on Wednesday, November 6th. Craig Hallum upped their target price on Extreme Networks from $17.00 to $22.50 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, B. Riley lifted their price target on Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Extreme Networks Stock Up 1.5 %

EXTR stock opened at $15.67 on Friday. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of -16.15, a price-to-earnings-growth ratio of 3.36 and a beta of 1.77. The company has a 50-day moving average of $15.24 and a two-hundred day moving average of $13.78. Extreme Networks, Inc. has a 52-week low of $10.49 and a 52-week high of $18.77. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.63.

Insider Buying and Selling

In other news, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $14.75, for a total transaction of $526,943.75. Following the sale, the chief executive officer now directly owns 1,448,378 shares in the company, valued at approximately $21,363,575.50. The trade was a 2.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raj Khanna sold 10,000 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $16.53, for a total transaction of $165,300.00. Following the completion of the transaction, the director now directly owns 228,733 shares of the company’s stock, valued at $3,780,956.49. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,175 shares of company stock valued at $1,763,279. 3.70% of the stock is owned by company insiders.

About Extreme Networks

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.