Healthcare of Ontario Pension Plan Trust Fund Has $7.99 Million Stock Holdings in Extreme Networks, Inc. (NASDAQ:EXTR)

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 27.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 531,500 shares of the technology company's stock after selling 200,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.40% of Extreme Networks worth $7,988,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXTR. Millrace Asset Group Inc. bought a new stake in shares of Extreme Networks during the third quarter worth about $829,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Extreme Networks during the third quarter worth about $651,000. Raymond James Trust N.A. grew its holdings in shares of Extreme Networks by 35.9% during the third quarter. Raymond James Trust N.A. now owns 34,100 shares of the technology company's stock worth $513,000 after purchasing an additional 9,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Extreme Networks by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,159,633 shares of the technology company's stock valued at $17,429,000 after acquiring an additional 8,169 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in Extreme Networks by 36.6% in the third quarter. Intech Investment Management LLC now owns 81,087 shares of the technology company's stock valued at $1,219,000 after acquiring an additional 21,739 shares during the last quarter. Institutional investors own 91.05% of the company's stock.

Extreme Networks Trading Up 1.1 %

NASDAQ:EXTR opened at $16.60 on Friday. The firm has a fifty day simple moving average of $15.42 and a two-hundred day simple moving average of $14.03. Extreme Networks, Inc. has a 12 month low of $10.49 and a 12 month high of $18.77. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -17.11, a PEG ratio of 3.58 and a beta of 1.77. The company has a current ratio of 0.91, a quick ratio of 0.63 and a debt-to-equity ratio of 5.33.

Insider Activity

In other Extreme Networks news, CEO Edward Meyercord sold 35,725 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $15.02, for a total transaction of $536,589.50. Following the transaction, the chief executive officer now owns 1,448,378 shares in the company, valued at approximately $21,754,637.56. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Raj Khanna sold 10,000 shares of the company's 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 transaction, the director now owns 228,733 shares in the company, valued at approximately $3,780,956.49. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 127,175 shares of company stock worth $1,927,079 in the last three months. Company insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on EXTR shares. Craig Hallum upped their target price on Extreme Networks from $17.00 to $22.50 and gave the company a "buy" rating in a report on Thursday, October 31st. B. Riley upped their target price on Extreme Networks from $18.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, October 31st. StockNews.com cut Extreme Networks from a "buy" rating to a "hold" rating in a report on Monday, November 25th. Needham & Company LLC reiterated a "buy" rating and issued a $16.50 target price on shares of Extreme Networks in a report on Thursday, August 8th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $21.00 target price on shares of Extreme Networks in a report 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 company's stock. According to MarketBeat.com, the stock presently 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.