Brokerages Set Extreme Networks, Inc. (NASDAQ:EXTR) PT at $19.00

Shares of Extreme Networks, Inc. (NASDAQ:EXTR - Get Free Report) have received an average recommendation of "Moderate Buy" from the five research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $19.00.

Several research firms recently commented on EXTR. StockNews.com lowered shares of Extreme Networks from a "buy" rating to a "hold" rating in a research note on Monday, November 25th. Craig Hallum upped their price target on Extreme Networks from $17.00 to $22.50 and gave the stock a "buy" rating in a research report on Thursday, October 31st. B. Riley raised their price objective on Extreme Networks from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $21.00 target price on shares of Extreme Networks in a research report on Wednesday, November 6th.

Insider Transactions at Extreme Networks

In related news, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $14.96, for a total transaction of $534,446.00. Following the completion of the sale, the chief executive officer now owns 1,448,378 shares of the company's stock, valued at $21,667,734.88. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Raj Khanna sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $16.53, for a total value of $165,300.00. Following the completion of the sale, the director now owns 228,733 shares in the company, valued at approximately $3,780,956.49. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 91,450 shares of company stock worth $1,390,490. Company insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Quarry LP acquired a new stake in Extreme Networks during the third quarter worth about $26,000. GAMMA Investing LLC increased its holdings in shares of Extreme Networks by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company's stock valued at $30,000 after purchasing an additional 1,035 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Extreme Networks by 1,635.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company's stock worth $67,000 after acquiring an additional 4,709 shares during the period. KBC Group NV boosted its stake in shares of Extreme Networks by 54.3% during the 3rd quarter. KBC Group NV now owns 4,959 shares of the technology company's stock worth $75,000 after acquiring an additional 1,745 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new stake in shares of Extreme Networks during the 2nd quarter valued at about $90,000. Hedge funds and other institutional investors own 91.05% of the company's stock.

Extreme Networks Trading Up 0.7 %

Shares of EXTR stock traded up $0.12 during mid-day trading on Monday, hitting $17.61. 496,561 shares of the stock traded hands, compared to its average volume of 1,792,253. Extreme Networks has a 52-week low of $10.49 and a 52-week high of $18.77. 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's fifty day moving average is $15.68 and its two-hundred day moving average is $14.28.

Extreme Networks Company 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.