Extreme Networks, Inc (EXTR) Position Lowered by Boston Partners

Boston Partners lessened its position in shares of Extreme Networks, Inc (NASDAQ:EXTR) by 32.3% in the 1st quarter, HoldingsChannel reports. The fund owned 436,084 shares of the technology company’s stock after selling 207,616 shares during the period. Boston Partners’ holdings in Extreme Networks were worth $3,266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Comerica Bank raised its stake in shares of Extreme Networks by 1.6% during the 1st quarter. Comerica Bank now owns 115,743 shares of the technology company’s stock worth $877,000 after acquiring an additional 1,789 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Extreme Networks by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 83,447 shares of the technology company’s stock worth $509,000 after acquiring an additional 1,835 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Extreme Networks by 2.4% during the 1st quarter. Texas Permanent School Fund now owns 79,278 shares of the technology company’s stock worth $594,000 after acquiring an additional 1,840 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of Extreme Networks by 438.4% during the 1st quarter. Meeder Asset Management Inc. now owns 3,467 shares of the technology company’s stock worth $26,000 after acquiring an additional 2,823 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of Extreme Networks by 21.5% during the 4th quarter. Raymond James Trust N.A. now owns 21,500 shares of the technology company’s stock worth $131,000 after acquiring an additional 3,800 shares in the last quarter. Hedge funds and other institutional investors own 80.96% of the company’s stock.

Several research firms recently commented on EXTR. Zacks Investment Research lowered shares of Extreme Networks from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. TheStreet upgraded shares of Extreme Networks from a “d+” rating to a “c” rating in a research note on Tuesday, January 29th. BidaskClub lowered shares of Extreme Networks from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Finally, ValuEngine upgraded shares of Extreme Networks from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Extreme Networks has an average rating of “Hold” and an average price target of $9.00.



In other Extreme Networks news, insider Edward Meyercord sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $7.67, for a total transaction of $383,500.00. Following the sale, the insider now owns 482,692 shares of the company’s stock, valued at approximately $3,702,247.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.45% of the stock is currently owned by insiders.

NASDAQ:EXTR opened at $6.21 on Thursday. The company has a market cap of $739.81 million, a price-to-earnings ratio of 14.11, a P/E/G ratio of 5.14 and a beta of 1.24. Extreme Networks, Inc has a twelve month low of $4.81 and a twelve month high of $9.41. The company has a current ratio of 1.29, a quick ratio of 1.10 and a debt-to-equity ratio of 1.37.

Extreme Networks (NASDAQ:EXTR) last released its earnings results on Wednesday, May 1st. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. The company had revenue of $250.90 million for the quarter, compared to the consensus estimate of $253.49 million. Extreme Networks had a negative net margin of 1.41% and a positive return on equity of 26.15%. Extreme Networks’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 EPS. On average, equities research analysts expect that Extreme Networks, Inc will post 0.09 earnings per share for the current year.

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Extreme Networks Company Profile

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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Institutional Ownership by Quarter for Extreme Networks (NASDAQ:EXTR)

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