Royce & Associates LP Raises Position in Extreme Networks, Inc (EXTR)

Royce & Associates LP boosted its holdings in Extreme Networks, Inc (NASDAQ:EXTR) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 934,597 shares of the technology company’s stock after buying an additional 32,000 shares during the quarter. Royce & Associates LP owned approximately 0.82% of Extreme Networks worth $11,112,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Paradigm Asset Management Co. LLC bought a new position in Extreme Networks during the 2nd quarter worth approximately $141,000. Goldman Sachs Group Inc. raised its holdings in Extreme Networks by 474.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,593,826 shares of the technology company’s stock worth $14,695,000 after purchasing an additional 1,316,604 shares during the last quarter. California Public Employees Retirement System raised its holdings in Extreme Networks by 3.0% during the 2nd quarter. California Public Employees Retirement System now owns 331,300 shares of the technology company’s stock worth $3,055,000 after purchasing an additional 9,800 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in Extreme Networks by 31.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 61,569 shares of the technology company’s stock worth $568,000 after purchasing an additional 14,598 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in Extreme Networks by 20.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 65,260 shares of the technology company’s stock worth $602,000 after purchasing an additional 10,962 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Several research analysts have issued reports on EXTR shares. Needham & Company LLC restated a “buy” rating on shares of Extreme Networks in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Friday, November 10th. Craig Hallum restated a “buy” rating and set a $17.00 price target (up previously from $12.50) on shares of Extreme Networks in a report on Wednesday, November 8th. ValuEngine upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, BidaskClub upgraded shares of Extreme Networks from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Extreme Networks presently has an average rating of “Buy” and a consensus target price of $13.25.

In other news, Director Charles Carinalli sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $12.91, for a total transaction of $258,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raj Khanna sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $13.81, for a total transaction of $138,100.00. Following the sale, the director now directly owns 99,523 shares of the company’s stock, valued at approximately $1,374,412.63. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Shares of Extreme Networks, Inc (NASDAQ:EXTR) opened at $12.70 on Thursday. The company has a market cap of $1,429.09, a P/E ratio of 29.30, a PEG ratio of 1.23 and a beta of 1.14. Extreme Networks, Inc has a 52-week low of $4.88 and a 52-week high of $14.34. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 1.11.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $211.72 million during the quarter, compared to the consensus estimate of $203.86 million. Extreme Networks had a net margin of 0.34% and a return on equity of 46.58%. The company’s quarterly revenue was up 72.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. research analysts expect that Extreme Networks, Inc will post 0.6 earnings per share for the current year.

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About Extreme Networks

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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