OneDigital Investment Advisors LLC Grows Stock Position in Extreme Networks, Inc. (NASDAQ:EXTR)

OneDigital Investment Advisors LLC raised its stake in Extreme Networks, Inc. (NASDAQ:EXTR) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,841 shares of the technology company’s stock after purchasing an additional 1,541 shares during the quarter. OneDigital Investment Advisors LLC owned about 0.05% of Extreme Networks worth $1,065,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EXTR. GAMMA Investing LLC lifted its position 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 worth $30,000 after purchasing an additional 1,035 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Extreme Networks in the first quarter worth $27,000. KBC Group NV lifted its position in Extreme Networks by 54.3% in the 3rd quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock valued at $75,000 after purchasing an additional 1,745 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Extreme Networks by 1,635.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company’s stock valued at $67,000 after buying an additional 4,709 shares during the last quarter. Finally, Gladius Capital Management LP bought a new stake in Extreme Networks during the 2nd quarter valued at $90,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Extreme Networks Price Performance

Shares of EXTR opened at $15.33 on Tuesday. The stock has a market cap of $2.03 billion, a P/E ratio of -15.80, a price-to-earnings-growth ratio of 3.40 and a beta of 1.77. Extreme Networks, Inc. has a 1 year low of $10.49 and a 1 year high of $18.77. The stock’s 50-day moving average price is $15.14 and its two-hundred day moving average price is $13.71. The company has a current ratio of 0.91, a quick ratio of 0.63 and a debt-to-equity ratio of 5.33.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Extreme Networks

In other Extreme Networks news, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction on Friday, November 1st. The shares were sold at an average price of $14.96, for a total value of $534,446.00. Following the sale, the chief executive officer now directly owns 1,448,378 shares in the company, valued at approximately $21,667,734.88. The trade was a 2.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raj Khanna sold 10,000 shares of Extreme Networks stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $16.53, for a total value of $165,300.00. Following the completion of the sale, the director now directly owns 228,733 shares in the company, valued at approximately $3,780,956.49. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,175 shares of company stock valued at $1,763,279. Company insiders own 3.70% 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.