Extreme Networks (NASDAQ:EXTR) Price Target Raised to $15.00 at B. Riley

Extreme Networks (NASDAQ:EXTR) had its price objective hoisted by B. Riley from $14.00 to $15.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

A number of other research firms have also recently weighed in on EXTR. Craig Hallum lowered their price objective on shares of Extreme Networks from $15.00 to $13.00 and set a hold rating for the company in a research report on Thursday. Needham & Company LLC reaffirmed a buy rating and issued a $16.50 price objective on shares of Extreme Networks in a research note on Wednesday, May 1st. Rosenblatt Securities raised Extreme Networks from a neutral rating to a buy rating and increased their target price for the stock from $15.00 to $17.00 in a research note on Thursday. StockNews.com cut Extreme Networks from a buy rating to a hold rating in a report on Thursday, February 1st. Finally, UBS Group lowered shares of Extreme Networks from a buy rating to a neutral rating and cut their price target for the stock from $22.00 to $14.00 in a research note on Thursday, February 1st. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $20.50.

Extreme Networks Stock Down 1.9 %

Shares of EXTR opened at $11.20 on Thursday. The company’s 50-day moving average price is $11.52 and its 200 day moving average price is $14.69. Extreme Networks has a 12-month low of $10.57 and a 12-month high of $32.73. The company has a current ratio of 0.96, a quick ratio of 0.74 and a debt-to-equity ratio of 2.78. The firm has a market cap of $1.44 billion, a P/E ratio of -160.00, a price-to-earnings-growth ratio of 3.99 and a beta of 1.88.

Hedge Funds Weigh In On Extreme Networks

Several hedge funds and other institutional investors have recently made changes to their positions in EXTR. Vanguard Group Inc. raised its holdings in Extreme Networks by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 12,989,988 shares of the technology company’s stock valued at $229,143,000 after acquiring an additional 94,881 shares in the last quarter. FMR LLC increased its position in shares of Extreme Networks by 32.0% in the 3rd quarter. FMR LLC now owns 4,142,648 shares of the technology company’s stock valued at $100,294,000 after purchasing an additional 1,004,002 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Extreme Networks by 167,176.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,409,102 shares of the technology company’s stock valued at $60,137,000 after purchasing an additional 3,407,064 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Extreme Networks by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,492,869 shares of the technology company’s stock worth $43,976,000 after purchasing an additional 194,802 shares during the last quarter. Finally, Voss Capital LLC grew its stake in shares of Extreme Networks by 55.6% during the fourth quarter. Voss Capital LLC now owns 2,170,500 shares of the technology company’s stock worth $38,288,000 after purchasing an additional 775,500 shares in the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Extreme Networks Company 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.