Edgestream Partners L.P. Acquires Shares of 116,965 Extreme Networks, Inc. (NASDAQ:EXTR)

Edgestream Partners L.P. purchased a new stake in Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 116,965 shares of the technology company's stock, valued at approximately $1,758,000. Edgestream Partners L.P. owned 0.09% of Extreme Networks as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Extreme Networks by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company's stock valued at $30,000 after buying an additional 1,035 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Extreme Networks by 1,635.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company's stock valued at $67,000 after buying an additional 4,709 shares in the last quarter. KBC Group NV boosted its holdings in shares of Extreme Networks by 54.3% in the 3rd quarter. KBC Group NV now owns 4,959 shares of the technology company's stock valued at $75,000 after buying an additional 1,745 shares in the last quarter. Gladius Capital Management LP acquired a new position in shares of Extreme Networks in the 2nd quarter valued at $90,000. Finally, Hennessy Advisors Inc. acquired a new position in shares of Extreme Networks in the 2nd quarter valued at $148,000. 91.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EXTR shares. Rosenblatt Securities reiterated a "buy" rating and set a $21.00 price target on shares of Extreme Networks in a research note on Wednesday, November 6th. B. Riley upped their price objective 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. StockNews.com downgraded shares of Extreme Networks from a "buy" rating to a "hold" rating in a report on Monday, November 25th. Craig Hallum increased their price target on shares of Extreme Networks from $17.00 to $22.50 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $16.50 price target on shares of Extreme Networks in a report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $19.00.

Insider Transactions at Extreme Networks

In related news, CEO Edward Meyercord sold 35,725 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $14.96, for a total value of $534,446.00. Following the completion of the transaction, the chief executive officer now directly owns 1,448,378 shares of the company's stock, valued at $21,667,734.88. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raj Khanna sold 10,000 shares of the firm's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $16.53, for a total value of $165,300.00. Following the completion of the transaction, the director now directly owns 228,733 shares of the company's stock, valued at approximately $3,780,956.49. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 91,450 shares of company stock valued at $1,390,490 over the last three months. 3.70% of the stock is owned by corporate insiders.

Extreme Networks Stock Performance

Shares of Extreme Networks stock traded up $0.74 during trading on Wednesday, hitting $18.01. 1,362,546 shares of the stock were exchanged, compared to its average volume of 1,806,591. The stock's fifty day moving average is $15.52 and its 200 day moving average is $14.15. The stock has a market cap of $2.38 billion, a PE ratio of -17.80, a P/E/G ratio of 3.81 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. Extreme Networks, Inc. has a 12 month low of $10.49 and a 12 month high of $18.77.

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.