Edgestream Partners L.P. Invests $1.76 Million in Extreme Networks, Inc. (NASDAQ:EXTR)

Edgestream Partners L.P. acquired a new stake in Extreme Networks, Inc. (NASDAQ:EXTR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 116,965 shares of the technology company’s stock, valued at approximately $1,758,000. Edgestream Partners L.P. owned 0.09% of Extreme Networks as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in Extreme Networks by 109.5% in the third quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock valued at $30,000 after buying an additional 1,035 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Extreme Networks by 1,635.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company’s stock worth $67,000 after purchasing an additional 4,709 shares in the last quarter. KBC Group NV grew its holdings in Extreme Networks by 54.3% in the third quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock valued at $75,000 after purchasing an additional 1,745 shares during the last quarter. Gladius Capital Management LP acquired a new stake in Extreme Networks in the second quarter valued at $90,000. Finally, Hennessy Advisors Inc. purchased a new position in shares of Extreme Networks in the second quarter valued at $148,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Insider Transactions at Extreme Networks

In other Extreme Networks news, Director Charles Carinalli sold 5,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $16.06, for a total transaction of $80,300.00. Following the transaction, the director now owns 371,793 shares of the company’s stock, valued at $5,970,995.58. This trade represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction on Friday, November 1st. The shares were sold at an average price of $14.96, for a total transaction of $534,446.00. Following the completion of the transaction, the chief executive officer now owns 1,448,378 shares in the company, valued at approximately $21,667,734.88. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,450 shares of company stock worth $1,390,490 over the last quarter. 3.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Needham & Company LLC reissued 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 reissued a “buy” rating and set a $21.00 price objective on shares of Extreme Networks in a research note on Wednesday, November 6th. StockNews.com lowered Extreme Networks from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. B. Riley increased their target price on Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Craig Hallum boosted their price target on Extreme Networks from $17.00 to $22.50 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

Extreme Networks Stock Down 1.4 %

EXTR stock opened at $17.27 on Wednesday. The company has a 50 day moving average price of $15.52 and a two-hundred day moving average price of $14.15. The company has a debt-to-equity ratio of 5.33, a quick ratio of 0.63 and a current ratio of 0.91. The stock has a market capitalization of $2.28 billion, a P/E ratio of -17.80, a PEG ratio of 3.81 and a beta of 1.76. Extreme Networks, Inc. has a one year low of $10.49 and a one year high of $18.77.

Extreme Networks Company 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.