Extreme Networks (NASDAQ:EXTR) PT Lowered to $13.00

Extreme Networks (NASDAQ:EXTR) had its price target lowered by Craig Hallum from $15.00 to $13.00 in a research note published on Thursday morning, Benzinga reports. The brokerage currently has a hold rating on the technology company’s stock.

EXTR has been the topic of several other reports. Rosenblatt Securities upgraded shares of Extreme Networks from a neutral rating to a buy rating and lifted their target price for the stock from $15.00 to $17.00 in a research report on Thursday. TheStreet downgraded Extreme Networks from a b- rating to a c+ rating in a research report on Tuesday, February 20th. B. Riley upgraded Extreme Networks from a neutral rating to a buy rating and set a $14.00 target price on the stock in a report on Monday, April 15th. UBS Group lowered shares of Extreme Networks from a buy rating to a neutral rating and lowered their price target for the stock from $22.00 to $14.00 in a report on Thursday, February 1st. Finally, StockNews.com cut shares of Extreme Networks from a buy rating to a hold rating in a research report on Thursday, February 1st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Extreme Networks has a consensus rating of Hold and an average target price of $20.50.

Extreme Networks Trading Down 1.9 %

Shares of NASDAQ EXTR opened at $11.20 on Thursday. Extreme Networks has a 1-year low of $10.57 and a 1-year high of $32.73. The company has a current ratio of 0.96, a quick ratio of 0.61 and a debt-to-equity ratio of 2.78. The business’s 50 day moving average is $11.52 and its 200-day moving average is $14.69.

Hedge Funds Weigh In On Extreme Networks

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Extreme Networks by 17.0% in the 3rd quarter. Vanguard Group Inc. now owns 12,895,107 shares of the technology company’s stock valued at $312,191,000 after buying an additional 1,877,727 shares during the last quarter. Raymond James & Associates raised its stake in shares of Extreme Networks by 4.1% during the 4th quarter. Raymond James & Associates now owns 540,028 shares of the technology company’s stock worth $9,526,000 after purchasing an additional 21,203 shares during the period. Pacer Advisors Inc. boosted 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 worth $60,137,000 after buying an additional 3,407,064 shares during the last quarter. Knights of Columbus Asset Advisors LLC bought a new position in Extreme Networks during the fourth quarter valued at about $1,613,000. Finally, Loomis Sayles & Co. L P purchased a new stake in Extreme Networks during the third quarter worth about $31,284,000. 91.05% of the stock is currently owned by institutional investors.

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.