Centiva Capital LP Makes New $676,000 Investment in Extreme Networks, Inc. (NASDAQ:EXTR)

Centiva Capital LP acquired a new position in shares of Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 44,958 shares of the technology company's stock, valued at approximately $676,000.

A number of other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of Extreme Networks by 318.7% in the third quarter. Victory Capital Management Inc. now owns 4,466,031 shares of the technology company's stock valued at $67,124,000 after buying an additional 3,399,288 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Extreme Networks in the second quarter valued at approximately $25,409,000. Rubric Capital Management LP raised its position in shares of Extreme Networks by 52.3% in the second quarter. Rubric Capital Management LP now owns 5,254,744 shares of the technology company's stock valued at $70,676,000 after buying an additional 1,804,744 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Extreme Networks by 265.8% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 731,500 shares of the technology company's stock valued at $9,839,000 after buying an additional 531,500 shares in the last quarter. Finally, Clearline Capital LP raised its position in shares of Extreme Networks by 252.4% in the second quarter. Clearline Capital LP now owns 613,360 shares of the technology company's stock valued at $8,250,000 after buying an additional 439,321 shares in the last quarter. Institutional investors own 91.05% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on EXTR shares. Craig Hallum boosted their price objective on shares of Extreme Networks from $17.00 to $22.50 and gave the company a "buy" rating in a research report on Thursday, October 31st. Rosenblatt Securities reissued a "buy" rating and set a $21.00 price target on shares of Extreme Networks in a report on Wednesday, November 6th. B. Riley raised their price objective on Extreme Networks from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, StockNews.com cut Extreme Networks from a "buy" rating to a "hold" rating in a research report on Monday, November 25th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Extreme Networks has an average rating of "Moderate Buy" and an average price target of $19.00.

Insiders Place Their Bets

In related news, Director Charles Carinalli sold 5,000 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $16.06, for a total value of $80,300.00. Following the sale, the director now directly owns 371,793 shares in the company, valued at approximately $5,970,995.58. The trade was a 1.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward Meyercord sold 35,725 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $14.75, for a total transaction of $526,943.75. Following the sale, the chief executive officer now directly owns 1,448,378 shares in the company, valued at approximately $21,363,575.50. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,450 shares of company stock valued at $1,390,490. Company insiders own 3.70% of the company's stock.

Extreme Networks Price Performance

EXTR stock traded down $0.22 during midday trading on Friday, reaching $17.49. 729,342 shares of the stock were exchanged, compared to its average volume of 1,027,886. The company has a fifty day moving average price of $15.68 and a 200 day moving average price of $14.26. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.63. The stock has a market capitalization of $2.31 billion, a PE ratio of -18.03, a P/E/G ratio of 3.92 and a beta of 1.76. Extreme Networks, Inc. has a 52 week low of $10.49 and a 52 week high of $18.77.

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.