Extreme Networks, Inc (EXTR) Shares Bought by Granahan Investment Management Inc. MA

Granahan Investment Management Inc. MA lifted its stake in shares of Extreme Networks, Inc (NASDAQ:EXTR) by 27.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 652,929 shares of the technology company’s stock after buying an additional 142,443 shares during the quarter. Granahan Investment Management Inc. MA owned about 0.58% of Extreme Networks worth $7,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Amalgamated Bank increased its position in shares of Extreme Networks by 10.9% during the second quarter. Amalgamated Bank now owns 14,049 shares of the technology company’s stock valued at $130,000 after buying an additional 1,378 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of Extreme Networks by 13.0% during the second quarter. Ameritas Investment Partners Inc. now owns 13,584 shares of the technology company’s stock valued at $124,000 after buying an additional 1,565 shares during the period. Legal & General Group Plc increased its position in shares of Extreme Networks by 7.4% during the second quarter. Legal & General Group Plc now owns 26,483 shares of the technology company’s stock valued at $245,000 after buying an additional 1,819 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Extreme Networks by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 84,882 shares of the technology company’s stock valued at $782,000 after buying an additional 3,319 shares during the period. Finally, Voya Investment Management LLC increased its position in shares of Extreme Networks by 7.8% during the second quarter. Voya Investment Management LLC now owns 51,883 shares of the technology company’s stock valued at $478,000 after buying an additional 3,773 shares during the period. Institutional investors own 80.95% of the company’s stock.

A number of brokerages have weighed in on EXTR. Zacks Investment Research upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Friday, August 18th. BidaskClub upgraded shares of Extreme Networks from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Needham & Company LLC restated a “buy” rating on shares of Extreme Networks in a report on Friday, November 10th. Craig Hallum restated a “buy” rating and issued a $17.00 price objective (up previously from $12.50) on shares of Extreme Networks in a report on Wednesday, November 8th. Finally, ValuEngine cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $13.25.

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

Shares of Extreme Networks, Inc (NASDAQ EXTR) opened at $12.60 on Tuesday. The firm has a market cap of $1,424.56, a PE ratio of 29.21, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The company has a quick ratio of 1.09, a current ratio of 1.31 and a debt-to-equity ratio of 1.11. Extreme Networks, Inc has a fifty-two week low of $4.72 and a fifty-two week high of $14.34.

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

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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)

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