OneDigital Investment Advisors LLC Has $418,000 Position in Extreme Networks, Inc. (NASDAQ:EXTR)

OneDigital Investment Advisors LLC lessened its holdings in Extreme Networks, Inc. (NASDAQ:EXTR) by 64.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,974 shares of the technology company’s stock after selling 45,867 shares during the period. OneDigital Investment Advisors LLC’s holdings in Extreme Networks were worth $418,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Byrne Asset Management LLC purchased a new stake in Extreme Networks in the 4th quarter worth about $30,000. Sterling Capital Management LLC increased its holdings in shares of Extreme Networks by 603.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,941 shares of the technology company’s stock valued at $32,000 after purchasing an additional 1,665 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Extreme Networks by 385.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,183 shares of the technology company’s stock worth $37,000 after purchasing an additional 1,733 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Extreme Networks by 31.4% during the fourth quarter. Pacer Advisors Inc. now owns 3,104 shares of the technology company’s stock worth $52,000 after purchasing an additional 741 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in Extreme Networks by 146.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,942 shares of the technology company’s stock valued at $83,000 after purchasing an additional 2,935 shares in the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Insider Buying and Selling

In other news, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $15.39, for a total value of $549,807.75. Following the transaction, the chief executive officer now directly owns 1,478,941 shares in the company, valued at approximately $22,760,901.99. The trade was a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.70% of the stock is owned by insiders.

Analysts Set New Price Targets

EXTR has been the subject of a number of research reports. Rosenblatt Securities decreased their target price on shares of Extreme Networks from $22.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of Extreme Networks in a research report on Thursday, January 30th. Finally, Lake Street Capital upped their target price on Extreme Networks from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Extreme Networks has an average rating of “Moderate Buy” and a consensus price target of $19.50.

Extreme Networks Trading Up 1.1 %

Extreme Networks stock opened at $12.49 on Monday. Extreme Networks, Inc. has a one year low of $10.10 and a one year high of $19.24. The company’s fifty day moving average price is $13.54 and its two-hundred day moving average price is $15.41. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.93 and a quick ratio of 0.68. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -13.29, a PEG ratio of 3.06 and a beta of 1.57.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Extreme Networks had a negative net margin of 11.98% and a negative return on equity of 110.86%. On average, analysts forecast that Extreme Networks, Inc. will post 0.31 earnings per share for the current fiscal year.

Extreme Networks declared that its Board of Directors has approved a stock buyback program on Tuesday, February 18th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 9.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

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.