Engineers Gate Manager LP lessened its holdings in shares of Extreme Networks, Inc (NASDAQ:EXTR) by 91.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 17,101 shares of the technology company’s stock after selling 175,403 shares during the period. Engineers Gate Manager LP’s holdings in Extreme Networks were worth $203,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXTR. PNC Financial Services Group Inc. acquired a new position in shares of Extreme Networks in the 2nd quarter valued at $101,000. BlueCrest Capital Management Ltd acquired a new position in shares of Extreme Networks in the 2nd quarter valued at $116,000. SG Americas Securities LLC acquired a new position in shares of Extreme Networks in the 3rd quarter valued at $116,000. Ameritas Investment Partners Inc. grew its holdings in shares of Extreme Networks by 13.0% in the 2nd 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. Finally, Amalgamated Bank grew its holdings in shares of Extreme Networks by 10.9% in the 2nd 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. 80.87% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating on shares of Extreme Networks in a report on Friday, November 10th. Zacks Investment Research raised 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. ValuEngine lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Craig Hallum reissued a “buy” rating and issued a $17.00 price target (up previously from $12.50) on shares of Extreme Networks in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Extreme Networks presently has a consensus rating of “Buy” and a consensus target price of $13.25.
Extreme Networks, Inc (NASDAQ:EXTR) opened at $12.34 on Tuesday. Extreme Networks, Inc has a fifty-two week low of $4.91 and a fifty-two week high of $14.34. The stock has a market cap of $1,363.31, a price-to-earnings ratio of 27.95, a PEG ratio of 1.17 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 1.09.
Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $211.72 million during the quarter, compared to analyst estimates of $203.86 million. Extreme Networks had a net margin of 0.34% and a return on equity of 46.58%. The firm’s revenue was up 72.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. sell-side analysts expect that Extreme Networks, Inc will post 0.6 earnings per share for the current fiscal year.
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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