Extreme Networks, Inc. (NASDAQ:EXTR) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its position in Extreme Networks, Inc. (NASDAQ:EXTR) by 30.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,649,429 shares of the technology company’s stock after buying an additional 618,989 shares during the period. Dimensional Fund Advisors LP’s holdings in Extreme Networks were worth $19,897,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can increased its position in shares of 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. Laurion Capital Management LP bought a new position in shares of Extreme Networks during the first quarter worth approximately $162,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Extreme Networks during the first quarter worth approximately $169,000. Nordea Investment Management AB increased its position in shares of Extreme Networks by 12.5% in the first quarter. Nordea Investment Management AB now owns 27,088 shares of the technology company’s stock worth $203,000 after buying an additional 3,000 shares in the last quarter. Finally, CAPROCK Group Inc. increased its position in shares of Extreme Networks by 10.8% in the first quarter. CAPROCK Group Inc. now owns 27,265 shares of the technology company’s stock worth $205,000 after buying an additional 2,665 shares in the last quarter. Institutional investors and hedge funds own 82.11% of the company’s stock.
Extreme Networks, Inc. (EXTR) traded up 1.77% during trading on Friday, hitting $8.63. 993,295 shares of the stock were exchanged. The stock’s market cap is $950.73 million. Extreme Networks, Inc. has a 12 month low of $3.75 and a 12 month high of $11.03. The stock’s 50 day moving average price is $9.29 and its 200 day moving average price is $8.01.
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A number of equities analysts have commented on EXTR shares. BidaskClub downgraded shares of Extreme Networks from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Needham & Company LLC reiterated 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, Zacks Investment Research downgraded shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Extreme Networks has an average rating of “Hold” and a consensus target price of $8.10.
In other Extreme Networks news, insider Edward Meyercord sold 65,000 shares of the business’s stock in a transaction that occurred 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 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 is available at 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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