CAPROCK Group Inc. cut its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 17.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,525 shares of the technology company’s stock after selling 4,740 shares during the period. CAPROCK Group Inc.’s holdings in Extreme Networks were worth $208,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Extreme Networks by 4.8% in the first quarter. Vanguard Group Inc. now owns 7,210,885 shares of the technology company’s stock valued at $54,154,000 after buying an additional 331,478 shares in the last quarter. JPMorgan Chase & Co. increased its position in Extreme Networks by 12.9% in the first quarter. JPMorgan Chase & Co. now owns 4,095,453 shares of the technology company’s stock valued at $30,757,000 after buying an additional 466,851 shares in the last quarter. RK Capital Management LLC increased its position in Extreme Networks by 164.7% in the first quarter. RK Capital Management LLC now owns 3,608,869 shares of the technology company’s stock valued at $27,103,000 after buying an additional 2,245,634 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Extreme Networks by 30.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,649,429 shares of the technology company’s stock valued at $19,897,000 after buying an additional 618,989 shares in the last quarter. Finally, State Street Corp increased its position in Extreme Networks by 15.6% in the first quarter. State Street Corp now owns 2,204,562 shares of the technology company’s stock valued at $16,558,000 after buying an additional 297,948 shares in the last quarter. 82.11% of the stock is owned by hedge funds and other institutional investors.

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) opened at 9.00 on Tuesday. The firm has a 50-day moving average price of $9.55 and a 200 day moving average price of $7.86. The stock’s market capitalization is $991.49 million. Extreme Networks, Inc. has a one year low of $3.70 and a one year high of $11.03.

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Several research analysts recently commented on EXTR shares. Zacks Investment Research downgraded Extreme Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Needham & Company LLC restated a “buy” rating and issued a $12.50 target price (up from $9.50) on shares of Extreme Networks in a report on Friday, June 2nd. Finally, BidaskClub cut Extreme Networks from a “hold” rating to a “sell” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Extreme Networks has an average rating of “Hold” and an average price target of $8.10.

In other news, insider Edward Meyercord sold 65,000 shares of the business’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $10.10, for a total value of $656,500.00. Following the completion of the transaction, the insider now directly owns 563,034 shares of the company’s stock, valued at $5,686,643.40. The transaction 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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Institutional Ownership by Quarter for Extreme Networks (NASDAQ:EXTR)

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