Strs Ohio lessened its holdings in shares of Extreme Networks, Inc (NASDAQ:EXTR) by 13.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 76,500 shares of the technology company’s stock after selling 12,100 shares during the period. Strs Ohio’s holdings in Extreme Networks were worth $466,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of Extreme Networks during the fourth quarter worth $157,000. Northern Trust Corp boosted its holdings in Extreme Networks by 2.8% in the second quarter. Northern Trust Corp now owns 1,473,325 shares of the technology company’s stock valued at $11,728,000 after acquiring an additional 39,720 shares during the last quarter. Legal & General Group Plc boosted its holdings in Extreme Networks by 10.6% in the third quarter. Legal & General Group Plc now owns 253,034 shares of the technology company’s stock valued at $1,391,000 after acquiring an additional 24,208 shares during the last quarter. BlackRock Inc. boosted its holdings in Extreme Networks by 2.6% in the third quarter. BlackRock Inc. now owns 16,383,752 shares of the technology company’s stock valued at $89,782,000 after acquiring an additional 420,188 shares during the last quarter. Finally, Man Group plc boosted its holdings in Extreme Networks by 479.0% in the third quarter. Man Group plc now owns 85,697 shares of the technology company’s stock valued at $470,000 after acquiring an additional 70,897 shares during the last quarter. Institutional investors own 81.87% of the company’s stock.

Several equities analysts recently issued reports on EXTR shares. BidaskClub upgraded Extreme Networks from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. ValuEngine upgraded Extreme Networks from a “strong sell” rating to a “sell” rating in a report on Friday, October 19th. Zacks Investment Research upgraded Extreme Networks from a “sell” rating to a “hold” rating in a report on Monday, November 5th. Finally, DA Davidson set a $13.00 price target on Extreme Networks and gave the company a “buy” rating in a report on Monday, January 14th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Extreme Networks has a consensus rating of “Buy” and an average target price of $9.00.

Extreme Networks stock opened at $7.44 on Tuesday. The stock has a market capitalization of $854.68 million, a P/E ratio of 16.91, a PEG ratio of 1.93 and a beta of 1.08. Extreme Networks, Inc has a 12-month low of $4.81 and a 12-month high of $13.05. The company has a current ratio of 1.23, a quick ratio of 1.04 and a debt-to-equity ratio of 1.50.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings results on Tuesday, January 29th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.09. Extreme Networks had a positive return on equity of 36.26% and a negative net margin of 2.04%. The business had revenue of $252.70 million for the quarter, compared to analysts’ expectations of $244.45 million. During the same quarter last year, the business earned $0.14 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts predict that Extreme Networks, Inc will post 0.27 earnings per share for the current fiscal year.

In other Extreme Networks news, insider Edward Meyercord sold 99,859 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $6.34, for a total transaction of $633,106.06. Following the transaction, the insider now owns 554,840 shares in the company, valued at $3,517,685.60. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.45% of the stock is currently owned by company insiders.

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Extreme Networks Company Profile

Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. The company offers edge/access Ethernet switching systems that deliver Ethernet connectivity for edge of the network; aggregation/core Ethernet switching systems for aggregation, top-of-rack, and campus core environments; data center switching systems for enterprises and cloud data centers; and wireless access point products, as well as distributed Wi-Fi networks.

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Institutional Ownership by Quarter for Extreme Networks (NASDAQ:EXTR)

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