NN Investment Partners Holdings N.V. purchased a new position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 20,322 shares of the technology company’s stock, valued at approximately $187,000.
A number of other institutional investors have also recently modified their holdings of EXTR. Bank of Montreal Can raised its position in shares of Extreme Networks by 2,854.8% in the second quarter. Bank of Montreal Can now owns 443,396 shares of the technology company’s stock worth $4,088,000 after buying an additional 428,390 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Extreme Networks during the second quarter valued at $183,000. Goldman Sachs Group Inc. raised its stake in Extreme Networks by 20.2% in the first quarter. Goldman Sachs Group Inc. now owns 277,222 shares of the technology company’s stock valued at $2,082,000 after buying an additional 46,597 shares in the last quarter. FNY Partners Fund LP bought a new stake in Extreme Networks during the first quarter valued at $112,000. Finally, Driehaus Capital Management LLC bought a new stake in Extreme Networks during the first quarter valued at $4,215,000. 80.44% of the stock is owned by hedge funds and other institutional investors.
Shares of Extreme Networks, Inc. (EXTR) opened at 10.68 on Friday. Extreme Networks, Inc. has a one year low of $3.75 and a one year high of $11.03. The stock’s market capitalization is $1.18 billion. The company’s 50 day moving average price is $9.34 and its 200 day moving average price is $8.18.
Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Monday, August 14th. The technology company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by $0.01. The company had revenue of $178.70 million during the quarter, compared to the consensus estimate of $171.96 million. Extreme Networks had a positive return on equity of 43.34% and a negative net margin of 1.42%. The business’s revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. On average, analysts expect that Extreme Networks, Inc. will post $0.70 earnings per share for the current fiscal year.
EXTR has been the subject of several research reports. Zacks Investment Research lowered Extreme Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Needham & Company LLC reissued a “buy” rating and set a $12.50 price objective (up from $9.50) on shares of Extreme Networks in a research note on Friday, June 2nd. Finally, BidaskClub lowered Extreme Networks from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $9.10.
In other Extreme Networks news, insider Edward Meyercord sold 65,000 shares of Extreme Networks stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $10.10, for a total value of $656,500.00. Following the sale, the insider now owns 563,034 shares of the company’s stock, valued at $5,686,643.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.91% of the company’s stock.
Extreme Networks Company Profile
Extreme Networks, Inc is a provider of network infrastructure equipment. The Company markets its products to business, governmental, healthcare, service provider and educational customers with a focus on corporate enterprises and metropolitan service providers on a global basis. The Company operates through the development and marketing of network infrastructure equipment segment.
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