Fmr LLC Has $10.14 Million Stake in Extreme Networks, Inc. (NASDAQ:EXTR)

FMR LLC boosted its position in Extreme Networks, Inc. (NASDAQ:EXTR) by 6,275.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,349,669 shares of the technology company’s stock after buying an additional 1,328,499 shares during the period. FMR LLC owned about 1.24% of Extreme Networks worth $10,136,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EXTR. AXA raised its stake in shares of Extreme Networks by 127.3% in the first quarter. AXA now owns 95,900 shares of the technology company’s stock worth $720,000 after buying an additional 53,700 shares in the last quarter. Allianz Asset Management AG increased its stake in shares of Extreme Networks by 142.7% in the fourth quarter. Allianz Asset Management AG now owns 24,600 shares of the technology company’s stock worth $124,000 after buying an additional 14,465 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Extreme Networks by 12.9% in the first quarter. JPMorgan Chase & Co. now owns 4,095,453 shares of the technology company’s stock worth $30,757,000 after buying an additional 466,851 shares during the last quarter. American International Group Inc. increased its stake in shares of Extreme Networks by 7.1% in the first quarter. American International Group Inc. now owns 63,648 shares of the technology company’s stock worth $478,000 after buying an additional 4,207 shares during the last quarter. Finally, James Investment Research Inc. acquired a new stake in shares of Extreme Networks during the first quarter worth about $3,169,000. Institutional investors own 80.44% of the company’s stock.

Extreme Networks, Inc. (EXTR) traded up 1.23% on Friday, hitting $10.68. 2,075,700 shares of the company’s stock traded hands. The stock has a 50-day moving average of $9.34 and a 200-day moving average of $8.18. The stock’s market cap is $1.18 billion. Extreme Networks, Inc. has a one year low of $3.75 and a one year high of $11.03.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Monday, August 14th. The technology company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. The business had revenue of $178.70 million during the quarter, compared to analyst estimates of $171.96 million. Extreme Networks had a negative net margin of 1.42% and a positive return on equity of 43.34%. Extreme Networks’s revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. On average, equities analysts forecast that Extreme Networks, Inc. will post $0.70 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.com-unik.info/2017/08/19/fmr-llc-buys-1328499-shares-of-extreme-networks-inc-nasdaqextr-updated-updated-updated.html.

EXTR has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $12.50 price objective (up previously from $9.50) on shares of Extreme Networks in a research report on Friday, June 2nd. BidaskClub downgraded shares of Extreme Networks from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Finally, Zacks Investment Research downgraded shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $9.10.

In related news, insider Edward Meyercord sold 65,000 shares of the stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $10.10, for a total value of $656,500.00. Following the sale, the insider now directly owns 563,034 shares of the company’s stock, valued at approximately $5,686,643.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.91% of the stock is currently owned by corporate insiders.

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.

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

What are top analysts saying about Extreme Networks Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Extreme Networks Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit