Dynamic Technology Lab Private Ltd Acquires Shares of 43,320 Extreme Networks, Inc. (NASDAQ:EXTR)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 43,320 shares of the technology company's stock, valued at approximately $651,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Extreme Networks by 16.9% in the first quarter. Vanguard Group Inc. now owns 15,181,169 shares of the technology company's stock worth $175,191,000 after acquiring an additional 2,191,181 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Extreme Networks by 5.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 147,269 shares of the technology company's stock valued at $1,697,000 after buying an additional 7,326 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Extreme Networks by 0.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 692,617 shares of the technology company's stock worth $7,994,000 after buying an additional 3,869 shares during the last quarter. First Bank & Trust bought a new stake in shares of Extreme Networks during the 2nd quarter worth about $156,000. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Extreme Networks by 297.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 80,371 shares of the technology company's stock valued at $1,081,000 after acquiring an additional 60,131 shares during the last quarter. Hedge funds and other institutional investors own 91.05% of the company's stock.

Insider Activity at Extreme Networks

In other Extreme Networks news, Director Charles Carinalli sold 5,000 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $16.70, for a total value of $83,500.00. Following the sale, the director now owns 366,793 shares of the company's stock, valued at $6,125,443.10. The trade was a 1.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Raj Khanna sold 10,000 shares of the firm's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $16.53, for a total transaction of $165,300.00. Following the transaction, the director now directly owns 228,733 shares of the company's stock, valued at $3,780,956.49. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,175 shares of company stock worth $1,927,079. Company insiders own 3.70% of the company's stock.

Extreme Networks Stock Performance

Extreme Networks stock traded up $0.18 during mid-day trading on Friday, reaching $16.60. The company had a trading volume of 444,667 shares, compared to its average volume of 1,813,148. The company has a 50 day moving average of $15.42 and a 200-day moving average of $14.03. Extreme Networks, Inc. has a 52 week low of $10.49 and a 52 week high of $18.77. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 5.33. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of -17.11, a PEG ratio of 3.58 and a beta of 1.77.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EXTR shares. Needham & Company LLC reaffirmed a "buy" rating and set a $16.50 target price on shares of Extreme Networks in a research report on Thursday, August 8th. Craig Hallum upped their price objective on shares of Extreme Networks from $17.00 to $22.50 and gave the stock a "buy" rating in a report on Thursday, October 31st. Rosenblatt Securities reiterated a "buy" rating and issued a $21.00 target price on shares of Extreme Networks in a research note on Wednesday, November 6th. B. Riley boosted their target price on shares of Extreme Networks from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, StockNews.com downgraded Extreme Networks from a "buy" rating to a "hold" rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Extreme Networks currently has an average rating of "Moderate Buy" and a consensus price target of $19.00.

About Extreme Networks

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.