Extreme Networks, Inc. (NASDAQ:EXTR) Shares Sold by Capital Fund Management S.A.

Capital Fund Management S.A. lowered its position in Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 52.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 98,990 shares of the technology company's stock after selling 110,330 shares during the period. Capital Fund Management S.A. owned 0.07% of Extreme Networks worth $1,657,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Extreme Networks by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 17,919,069 shares of the technology company's stock valued at $299,965,000 after purchasing an additional 690,262 shares in the last quarter. State Street Corp lifted its position in Extreme Networks by 1.0% in the 3rd quarter. State Street Corp now owns 5,134,008 shares of the technology company's stock valued at $77,164,000 after acquiring an additional 49,905 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Extreme Networks by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,068,854 shares of the technology company's stock valued at $51,385,000 after purchasing an additional 49,888 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Extreme Networks by 11.4% in the 4th quarter. American Century Companies Inc. now owns 2,837,171 shares of the technology company's stock valued at $47,494,000 after buying an additional 290,184 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Extreme Networks by 397,835.5% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,276,191 shares of the technology company's stock worth $38,103,000 after acquiring an additional 2,275,619 shares during the last quarter. 91.05% of the stock is owned by institutional investors.

Extreme Networks Trading Down 2.1 %

Shares of EXTR stock traded down $0.24 on Monday, reaching $11.14. 171,379 shares of the company's stock were exchanged, compared to its average volume of 1,462,840. The company's fifty day simple moving average is $13.97 and its 200 day simple moving average is $15.52. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 3.34. Extreme Networks, Inc. has a 52 week low of $10.10 and a 52 week high of $19.24. The stock has a market capitalization of $1.48 billion, a PE ratio of -11.81, a P/E/G ratio of 3.06 and a beta of 1.57.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). Extreme Networks had a negative net margin of 11.98% and a negative return on equity of 110.86%. As a group, analysts forecast that Extreme Networks, Inc. will post 0.31 EPS for the current year.

Extreme Networks declared that its Board of Directors has authorized a share repurchase plan on Tuesday, February 18th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 9.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and set a $20.00 price objective on shares of Extreme Networks in a research report on Thursday, January 30th. Rosenblatt Securities restated a "buy" rating and set a $22.00 price objective on shares of Extreme Networks in a research note on Friday, February 7th. Finally, Lake Street Capital lifted their price objective on shares of Extreme Networks from $15.00 to $16.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $20.30.

Insider Buying and Selling

In other Extreme Networks news, CEO Edward Meyercord sold 35,725 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $15.39, for a total transaction of $549,807.75. Following the sale, the chief executive officer now directly owns 1,478,941 shares in the company, valued at $22,760,901.99. This represents a 2.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is currently owned by company insiders.

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.