Credit Suisse AG reduced its holdings in shares of Extreme Networks, Inc (NASDAQ:EXTR) by 45.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,897 shares of the technology company’s stock after selling 89,307 shares during the quarter. Credit Suisse AG owned 0.09% of Extreme Networks worth $580,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. NJ State Employees Deferred Compensation Plan grew its holdings in shares of Extreme Networks by 10.0% during the third quarter. NJ State Employees Deferred Compensation Plan now owns 110,000 shares of the technology company’s stock valued at $603,000 after buying an additional 10,000 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Extreme Networks by 6.8% during the second quarter. Legal & General Group Plc now owns 228,826 shares of the technology company’s stock valued at $1,815,000 after purchasing an additional 14,484 shares in the last quarter. Zebra Capital Management LLC lifted its position in shares of Extreme Networks by 44.2% during the second quarter. Zebra Capital Management LLC now owns 67,334 shares of the technology company’s stock valued at $536,000 after purchasing an additional 20,648 shares in the last quarter. Teton Advisors Inc. lifted its position in shares of Extreme Networks by 5.8% during the third quarter. Teton Advisors Inc. now owns 397,300 shares of the technology company’s stock valued at $2,177,000 after purchasing an additional 21,900 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its position in shares of Extreme Networks by 57.4% during the second quarter. OppenheimerFunds Inc. now owns 62,464 shares of the technology company’s stock valued at $497,000 after purchasing an additional 22,782 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.
EXTR opened at $6.34 on Friday. The stock has a market cap of $747.89 million, a P/E ratio of 14.41, a PEG ratio of 1.37 and a beta of 0.83. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.06 and a current ratio of 1.23. Extreme Networks, Inc has a fifty-two week low of $4.81 and a fifty-two week high of $15.55.
In other Extreme Networks news, insider Edward Meyercord sold 99,859 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $6.34, for a total value of $633,106.06. Following the completion of the transaction, the insider now owns 554,840 shares of the company’s stock, valued at approximately $3,517,685.60. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.45% of the stock is owned by insiders.
EXTR has been the topic of a number of recent analyst reports. ValuEngine raised shares of Extreme Networks from a “strong sell” rating to a “sell” rating in a research report on Friday, October 19th. Zacks Investment Research raised shares of Extreme Networks from a “sell” rating to a “hold” rating in a research report on Monday, November 5th. Finally, BidaskClub lowered shares of Extreme Networks from a “hold” rating to a “sell” rating in a research report on Friday, September 14th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $10.20.
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About Extreme Networks
Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. The company offers edge/access Ethernet switching systems that deliver Ethernet connectivity for edge of the network; aggregation/core Ethernet switching systems for aggregation, top-of-rack, and campus core environments; data center switching systems for enterprises and cloud data centers; and wireless access point products, as well as distributed Wi-Fi networks.
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