Extreme Networks, Inc. (NASDAQ:EXTR) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in Extreme Networks, Inc. (NASDAQ:EXTR) by 36.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,087 shares of the technology company’s stock after purchasing an additional 21,739 shares during the quarter. Intech Investment Management LLC’s holdings in Extreme Networks were worth $1,219,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in shares of Extreme Networks in the 1st quarter valued at about $27,000. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 1,035 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Extreme Networks by 1,635.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company’s stock worth $67,000 after purchasing an additional 4,709 shares during the period. KBC Group NV lifted its holdings in shares of Extreme Networks by 54.3% in the 3rd quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock worth $75,000 after purchasing an additional 1,745 shares during the last quarter. Finally, Gladius Capital Management LP acquired a new position in Extreme Networks during the 2nd quarter valued at approximately $90,000. Institutional investors own 91.05% of the company’s stock.

Insiders Place Their Bets

In other news, Director Charles Carinalli sold 5,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $16.70, for a total transaction of $83,500.00. Following the sale, the director now directly owns 366,793 shares of the company’s stock, valued at $6,125,443.10. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Raj Khanna sold 10,000 shares of Extreme Networks stock in a transaction that occurred on 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 in the company, valued at approximately $3,780,956.49. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 127,175 shares of company stock worth $1,927,079 over the last ninety days. Company insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EXTR shares. Craig Hallum raised their target price on Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a research note on Thursday, October 31st. B. Riley boosted their target price on shares of Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Rosenblatt Securities restated a “buy” rating and issued a $21.00 price target on shares of Extreme Networks in a research note on Wednesday, November 6th. Needham & Company LLC reiterated a “buy” rating and set a $16.50 price objective on shares of Extreme Networks in a research report on Thursday, August 8th. Finally, StockNews.com cut Extreme Networks from a “buy” rating to a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Extreme Networks Trading Up 2.7 %

Shares of NASDAQ:EXTR opened at $16.94 on Wednesday. The company has a 50 day moving average of $15.32 and a 200-day moving average of $13.91. The company has a current ratio of 0.91, a quick ratio of 0.63 and a debt-to-equity ratio of 5.33. The firm has a market cap of $2.24 billion, a P/E ratio of -17.00, a P/E/G ratio of 3.49 and a beta of 1.77. Extreme Networks, Inc. has a twelve month low of $10.49 and a twelve month high of $18.77.

Extreme Networks Profile

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.