2 weeks Ago By Defense World Staff
Geode Capital Management LLC boosted its position in Extreme Networks, Inc. ( NASDAQ:EXTR – Free Report ) by 1.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission.
The fund owned 3,068,854 shares of the technology company’s stock after purchasing an additional 49,888 shares during the quarter. Geode Capital Management LLC owned about 2.31% of Extreme Networks worth $51,385,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its stake in shares of Extreme Networks by 1.0% during the fourth quarter.
State of Alaska Department of Revenue now owns 75,095 shares of the technology company’s stock valued at $1,257,000 after buying an additional 717 shares during the period. Pacer Advisors Inc. boosted its stake in Extreme Networks by 31.
4% in the 4th quarter. Pacer Advisors Inc. now owns 3,104 shares of the technology company’s stock worth $52,000 after buying an additional 741 shares during the last quarter.
Ironwood Investment Management LLC grew its holdings in Extreme Networks by 0.7% in the 4th quarter. Ironwood Investment Management LLC now owns 107,741 shares of the technology company’s stock valued at $1,804,000 after buying an additional 782 shares during the period.
Arizona State Retirement System increased its stake in shares of Extreme Networks by 2.4% during the 4th quarter. Arizona State Retirement System now owns 38,299 shares of the technology company’s stock valued at $641,000 after acquiring an additional 881 shares during the last quarter.
Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Extreme Networks by 1.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the technology company’s stock worth $1,070,000 after acquiring an additional 900 shares during the period.
91.05% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price Targets Several equities analysts recently commented on the stock.
StockNews.com raised shares of Extreme Networks from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Rosenblatt Securities restated a “buy” rating and set a $22.
00 price objective on shares of Extreme Networks in a report on Friday, February 7th. Lake Street Capital boosted 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. Finally, Needham & Company LLC restated a “buy” rating and issued a $20.00 price objective on shares of Extreme Networks in a 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.30.
Extreme Networks Trading Up 0.5 % Shares of EXTR opened at $11.51 on Monday.
The company has a debt-to-equity ratio of 3.34, a current ratio of 0.93 and a quick ratio of 0.
68. Extreme Networks, Inc. has a 12 month low of $10.
10 and a 12 month high of $19.24. The stock has a market cap of $1.
53 billion, a PE ratio of -12.24, a P/E/G ratio of 3.06 and a beta of 1.
57. The stock’s 50-day moving average is $14.37 and its two-hundred day moving average is $15.
64. Extreme Networks ( NASDAQ:EXTR – Get Free Report ) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $0.
11 earnings per share 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%.
Equities analysts forecast that Extreme Networks, Inc. will post 0.31 earnings per share for the current fiscal year.
Extreme Networks declared that its board has approved a share buyback plan on Tuesday, February 18th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 9.
2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued. Insiders Place Their Bets In other news, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction dated Monday, February 3rd.
The stock was sold at an average price of $15.39, for a total transaction of $549,807.75.
Following the sale, the chief executive officer now directly owns 1,478,941 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . 3.
70% of the stock is currently owned by company insiders. 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.
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