14,559 Shares in Extreme Networks, Inc. (NASDAQ:EXTR) Purchased by Gallacher Capital Management LLC

Gallacher Capital Management LLC bought a new stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) in the 4th quarter, Holdings Channel reports. The firm bought 14,559 shares of the technology company’s stock, valued at approximately $257,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Extreme Networks by 17.0% in the third quarter. Vanguard Group Inc. now owns 12,895,107 shares of the technology company’s stock worth $312,191,000 after buying an additional 1,877,727 shares in the last quarter. Raymond James & Associates increased its position in shares of Extreme Networks by 4.1% during the fourth quarter. Raymond James & Associates now owns 540,028 shares of the technology company’s stock worth $9,526,000 after purchasing an additional 21,203 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Extreme Networks by 167,176.8% during the fourth quarter. Pacer Advisors Inc. now owns 3,409,102 shares of the technology company’s stock worth $60,137,000 after purchasing an additional 3,407,064 shares in the last quarter. Knights of Columbus Asset Advisors LLC acquired a new position in shares of Extreme Networks during the fourth quarter worth $1,613,000. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Extreme Networks during the third quarter worth $31,284,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Extreme Networks Price Performance

EXTR stock traded down $0.24 during mid-day trading on Monday, reaching $10.96. The company’s stock had a trading volume of 3,169,122 shares, compared to its average volume of 2,178,378. The company has a quick ratio of 0.61, a current ratio of 0.96 and a debt-to-equity ratio of 2.78. Extreme Networks, Inc. has a fifty-two week low of $10.57 and a fifty-two week high of $32.73. The company’s 50 day moving average is $11.52 and its two-hundred day moving average is $14.69.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EXTR. Needham & Company LLC reissued a “buy” rating and set a $16.50 price objective on shares of Extreme Networks in a report on Wednesday, May 1st. TheStreet lowered shares of Extreme Networks from a “b-” rating to a “c+” rating in a report on Tuesday, February 20th. Craig Hallum lowered their price target on shares of Extreme Networks from $15.00 to $13.00 and set a “hold” rating on the stock in a report on Thursday. UBS Group lowered shares of Extreme Networks from a “buy” rating to a “neutral” rating and lowered their price target for the company from $22.00 to $14.00 in a report on Thursday, February 1st. Finally, StockNews.com lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Extreme Networks has a consensus rating of “Hold” and a consensus target price of $20.50.

Extreme Networks Profile

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.