Handelsbanken Fonder AB Buys 900 Shares of Extreme Networks, Inc. (NASDAQ:EXTR)

Handelsbanken Fonder AB raised its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 24,000 shares of the technology company’s stock after purchasing an additional 900 shares during the period. Handelsbanken Fonder AB’s holdings in Extreme Networks were worth $423,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP grew its holdings in Extreme Networks by 4,924.4% during the fourth quarter. Allworth Financial LP now owns 2,060 shares of the technology company’s stock valued at $36,000 after purchasing an additional 2,019 shares during the period. Asset Management One Co. Ltd. bought a new stake in Extreme Networks during the third quarter valued at about $37,000. Tucker Asset Management LLC bought a new stake in Extreme Networks during the third quarter valued at about $41,000. Harvest Fund Management Co. Ltd bought a new stake in Extreme Networks during the third quarter valued at about $91,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in Extreme Networks by 53.1% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,980 shares of the technology company’s stock valued at $97,000 after purchasing an additional 1,380 shares during the period. Institutional investors own 91.05% of the company’s stock.

Extreme Networks Price Performance

NASDAQ:EXTR opened at $11.45 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.74 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $1.47 billion, a P/E ratio of 19.08, a P/E/G ratio of 4.12 and a beta of 1.90. Extreme Networks, Inc. has a 12 month low of $10.57 and a 12 month high of $32.73. The business’s 50-day moving average is $11.57 and its 200 day moving average is $14.91.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). Extreme Networks had a net margin of 5.96% and a return on equity of 98.24%. The company had revenue of $296.38 million for the quarter, compared to analysts’ expectations of $295.50 million. On average, equities research analysts forecast that Extreme Networks, Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on EXTR. 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. TheStreet lowered Extreme Networks from a “b-” rating to a “c+” rating in a research note on Tuesday, February 20th. B. Riley raised Extreme Networks from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Monday, April 15th. UBS Group lowered 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 research note on Thursday, February 1st. Finally, Rosenblatt Securities lowered Extreme Networks from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $19.00 to $15.00 in a research note on Thursday, February 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Extreme Networks presently has an average rating of “Hold” and an average price target of $22.36.

About Extreme Networks

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.