Strs Ohio Buys 6,600 Shares of Extreme Networks, Inc. (NASDAQ:EXTR)

Strs Ohio boosted its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 14.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,600 shares of the technology company’s stock after purchasing an additional 6,600 shares during the period. Strs Ohio’s holdings in Extreme Networks were worth $927,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System bought a new position in Extreme Networks in the 4th quarter valued at $1,145,000. International Assets Investment Management LLC acquired a new position in Extreme Networks during the 4th quarter worth about $784,000. Allworth Financial LP grew its holdings in Extreme Networks by 4,924.4% during the 4th quarter. Allworth Financial LP now owns 2,060 shares of the technology company’s stock worth $36,000 after acquiring an additional 2,019 shares during the last quarter. Capital Advantage Inc. increased its position in Extreme Networks by 5.2% in the 4th quarter. Capital Advantage Inc. now owns 212,500 shares of the technology company’s stock valued at $3,748,000 after acquiring an additional 10,466 shares in the last quarter. Finally, Mirador Capital Partners LP raised its stake in shares of Extreme Networks by 10.5% in the fourth quarter. Mirador Capital Partners LP now owns 146,933 shares of the technology company’s stock worth $2,592,000 after acquiring an additional 13,989 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Extreme Networks Stock Performance

Shares of EXTR stock opened at $11.15 on Thursday. The stock has a market cap of $1.44 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 3.83 and a beta of 1.90. The stock has a 50-day moving average of $11.63 and a 200-day moving average of $15.35. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.02 and a quick ratio of 0.74. Extreme Networks, Inc. has a one year low of $10.57 and a one year high of $32.73.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). The firm had revenue of $296.38 million during the quarter, compared to the consensus estimate of $295.50 million. Extreme Networks had a net margin of 5.96% and a return on equity of 98.24%. As a group, sell-side analysts expect that Extreme Networks, Inc. will post 0.17 earnings per share for the current year.

Insider Buying and Selling

In other Extreme Networks news, CEO Edward Meyercord sold 28,443 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $13.24, for a total value of $376,585.32. Following the completion of the sale, the chief executive officer now directly owns 1,129,611 shares in the company, valued at $14,956,049.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EXTR has been the subject of a number of research reports. StockNews.com lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Needham & Company LLC cut their price target on Extreme Networks from $23.00 to $16.50 and set a “buy” rating on the stock in a research note on Thursday, February 1st. TheStreet cut Extreme Networks from a “b-” rating to a “c+” rating in a report on Tuesday, February 20th. UBS Group cut Extreme Networks from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $22.00 to $14.00 in a report on Thursday, February 1st. Finally, Rosenblatt Securities downgraded shares of Extreme Networks from a “buy” rating to a “neutral” rating and cut their target price for the company from $19.00 to $15.00 in a research report on Thursday, February 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.36.

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.