Extreme Networks, Inc. (NASDAQ:EXTR) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its holdings in Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 68.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 79,753 shares of the technology company's stock after selling 175,765 shares during the quarter. BNP Paribas Financial Markets owned about 0.06% of Extreme Networks worth $1,199,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in Extreme Networks during the second quarter worth about $90,000. Nisa Investment Advisors LLC grew its holdings in Extreme Networks by 9,654.6% during the second quarter. Nisa Investment Advisors LLC now owns 323,949 shares of the technology company's stock worth $4,357,000 after acquiring an additional 320,628 shares during the period. Hennessy Advisors Inc. acquired a new stake in Extreme Networks during the second quarter worth about $148,000. Louisiana State Employees Retirement System grew its holdings in Extreme Networks by 2.5% during the second quarter. Louisiana State Employees Retirement System now owns 65,400 shares of the technology company's stock worth $880,000 after acquiring an additional 1,600 shares during the period. Finally, Raymond James Trust N.A. grew its holdings in Extreme Networks by 27.0% during the second quarter. Raymond James Trust N.A. now owns 25,100 shares of the technology company's stock worth $338,000 after acquiring an additional 5,331 shares during the period. 91.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Extreme Networks

In other Extreme Networks news, Director Raj Khanna sold 10,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $16.53, for a total transaction of $165,300.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward Meyercord sold 35,725 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $14.75, for a total value of $526,943.75. Following the sale, the chief executive officer now owns 1,448,378 shares in the company, valued at approximately $21,363,575.50. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 91,450 shares of company stock valued at $1,390,490. Corporate insiders own 3.70% of the company's stock.

Extreme Networks Stock Performance

Shares of Extreme Networks stock traded down $0.04 on Tuesday, hitting $17.54. The stock had a trading volume of 998,682 shares, compared to its average volume of 1,790,527. The company's 50 day moving average price is $15.79 and its 200 day moving average price is $14.37. The company has a current ratio of 0.91, a quick ratio of 0.63 and a debt-to-equity ratio of 5.33. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -18.08, a P/E/G ratio of 3.81 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.

Wall Street Analyst Weigh In

Several brokerages have commented on EXTR. StockNews.com lowered Extreme Networks from a "buy" rating to a "hold" rating in a report on Monday, November 25th. B. Riley lifted their price target on Extreme Networks from $18.00 to $21.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Craig Hallum lifted 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. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $21.00 price target on shares of Extreme Networks in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $19.00.

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.