Extreme Networks, Inc. (NASDAQ:EXTR) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC grew its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 36.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,087 shares of the technology company’s stock after acquiring an additional 21,739 shares during the quarter. Intech Investment Management LLC owned about 0.06% of Extreme Networks worth $1,219,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Extreme Networks by 16.9% during the first quarter. Vanguard Group Inc. now owns 15,181,169 shares of the technology company’s stock worth $175,191,000 after purchasing an additional 2,191,181 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Extreme Networks in the 1st quarter worth $27,000. CANADA LIFE ASSURANCE Co boosted its holdings in Extreme Networks by 5.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 147,269 shares of the technology company’s stock valued at $1,697,000 after acquiring an additional 7,326 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Extreme Networks by 0.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 692,617 shares of the technology company’s stock valued at $7,994,000 after acquiring an additional 3,869 shares during the period. Finally, First Bank & Trust acquired a new stake in Extreme Networks during the second quarter worth about $156,000. 91.05% of the stock is currently owned by hedge funds and other institutional investors.

Extreme Networks Stock Performance

NASDAQ:EXTR opened at $16.94 on Wednesday. The firm has a 50-day moving average of $15.32 and a two-hundred day moving average of $13.91. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.63. The stock has a market cap of $2.24 billion, a P/E ratio of -17.00, a PEG ratio of 3.49 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.

Analyst Ratings Changes

EXTR has been the topic of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.50 price objective on shares of Extreme Networks in a research note on Thursday, August 8th. Rosenblatt Securities reiterated a “buy” rating and set a $21.00 price objective on shares of Extreme Networks in a research note on Wednesday, November 6th. 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. StockNews.com cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Craig Hallum raised their price objective on Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Extreme Networks currently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

Insider Activity at Extreme Networks

In other Extreme Networks news, Director Charles Carinalli sold 5,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $16.70, for a total transaction of $83,500.00. Following the transaction, the director now directly owns 366,793 shares in the company, valued at $6,125,443.10. This represents a 1.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Edward Meyercord sold 35,725 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $15.02, for a total transaction of $536,589.50. Following the completion of the sale, the chief executive officer now directly owns 1,448,378 shares of the company’s stock, valued at $21,754,637.56. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,175 shares of company stock valued at $1,927,079. Insiders own 3.70% of the company’s stock.

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.