Barclays PLC Raises Position in Extreme Networks, Inc. (NASDAQ:EXTR)

Barclays PLC lifted its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 369.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 217,875 shares of the technology company's stock after purchasing an additional 171,500 shares during the period. Barclays PLC owned about 0.16% of Extreme Networks worth $3,274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd purchased a new position in Extreme Networks in the third quarter valued at about $651,000. Lisanti Capital Growth LLC raised its holdings in shares of Extreme Networks by 61.0% in the 3rd quarter. Lisanti Capital Growth LLC now owns 195,490 shares of the technology company's stock worth $2,938,000 after purchasing an additional 74,080 shares during the period. Victory Capital Management Inc. grew its holdings in Extreme Networks by 373.4% during the second quarter. Victory Capital Management Inc. now owns 1,066,743 shares of the technology company's stock valued at $14,348,000 after purchasing an additional 841,395 shares during the period. Susquehanna Fundamental Investments LLC increased its position in Extreme Networks by 491.1% in the second quarter. Susquehanna Fundamental Investments LLC now owns 333,644 shares of the technology company's stock worth $4,488,000 after buying an additional 277,196 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its stake in shares of Extreme Networks by 38.2% in the second quarter. Texas Permanent School Fund Corp now owns 155,699 shares of the technology company's stock valued at $2,094,000 after buying an additional 43,036 shares during the period. 91.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EXTR shares. Craig Hallum increased their price target on Extreme Networks from $17.00 to $22.50 and gave the stock a "buy" rating in a research note on Thursday, October 31st. B. Riley increased their price objective on Extreme Networks from $18.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. StockNews.com raised Extreme Networks from a "hold" rating to a "buy" rating in a report on Thursday, December 19th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $21.00 price target on shares of Extreme Networks in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Extreme Networks has a consensus rating of "Moderate Buy" and an average target price of $19.00.

Insider Transactions at Extreme Networks

In other news, Director Raj Khanna sold 10,000 shares of the 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 in the company, valued at approximately $3,780,956.49. This represents a 4.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward Meyercord sold 35,725 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $14.96, for a total value of $534,446.00. Following the transaction, the chief executive officer now directly owns 1,448,378 shares in the company, valued at approximately $21,667,734.88. This 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 sold 91,450 shares of company stock valued at $1,390,490. 3.70% of the stock is owned by corporate insiders.

Extreme Networks Price Performance

Extreme Networks stock traded up $0.18 during midday trading on Tuesday, hitting $17.82. 181,556 shares of the company's stock were exchanged, compared to its average volume of 1,753,216. The company has a market cap of $2.35 billion, a P/E ratio of -18.37, a PEG ratio of 3.87 and a beta of 1.76. The company has a debt-to-equity ratio of 5.33, a quick ratio of 0.63 and a current ratio of 0.91. The stock has a 50-day moving average price of $16.30 and a two-hundred day moving average price of $14.79. Extreme Networks, Inc. has a 52-week low of $10.49 and a 52-week high of $19.24.

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.