Extreme Networks, Inc. (NASDAQ:EXTR) Position Boosted by Metropolitan Life Insurance Co. NY
Metropolitan Life Insurance Co. NY raised its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 7.3% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 72,974 shares of the technology company’s stock after buying an additional 4,953 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Extreme Networks were worth $548,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in Extreme Networks by 3,689.4% in the first quarter. Bank of Montreal Can now owns 15,006 shares of the technology company’s stock worth $113,000 after buying an additional 14,610 shares in the last quarter. Bank of America Corp DE boosted its stake in Extreme Networks by 29.0% in the first quarter. Bank of America Corp DE now owns 18,318 shares of the technology company’s stock valued at $138,000 after buying an additional 4,118 shares during the period. Laurion Capital Management LP purchased a new stake in Extreme Networks during the first quarter valued at approximately $162,000. Campbell & CO Investment Adviser LLC purchased a new stake in Extreme Networks during the first quarter valued at approximately $169,000. Finally, Nordea Investment Management AB boosted its stake in Extreme Networks by 12.5% in the first quarter. Nordea Investment Management AB now owns 27,088 shares of the technology company’s stock valued at $203,000 after buying an additional 3,000 shares during the period. 82.11% of the stock is owned by hedge funds and other institutional investors.
Shares of Extreme Networks, Inc. (NASDAQ EXTR) traded down 2.191% during midday trading on Thursday, hitting $8.705. The company had a trading volume of 283,321 shares. The company’s market capitalization is $959.00 million. Extreme Networks, Inc. has a 12-month low of $3.75 and a 12-month high of $11.03. The company’s 50-day moving average price is $9.39 and its 200 day moving average price is $7.98.
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A number of equities research analysts recently commented on the company. BidaskClub cut Extreme Networks from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research lowered Extreme Networks from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $12.50 target price (up from $9.50) on shares of Extreme Networks in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Extreme Networks has a consensus rating of “Hold” and an average target price 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 shares were sold at an average price of $10.10, for a total transaction of $656,500.00. Following the completion of the transaction, the insider now directly owns 563,034 shares in the company, valued at approximately $5,686,643.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.91% of the stock is currently owned by insiders.
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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