Thompson Siegel & Walmsley LLC Trims Holdings in Extreme Networks, Inc. (NASDAQ:EXTR)

Thompson Siegel & Walmsley LLC decreased its position in Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 19.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 397,148 shares of the technology company's stock after selling 94,242 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.30% of Extreme Networks worth $5,969,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Extreme Networks by 16.9% in the first quarter. Vanguard Group Inc. now owns 15,181,169 shares of the technology company's stock valued at $175,191,000 after purchasing an additional 2,191,181 shares during the period. Rubric Capital Management LP grew its stake in shares of Extreme Networks by 52.3% in the second quarter. Rubric Capital Management LP now owns 5,254,744 shares of the technology company's stock worth $70,676,000 after acquiring an additional 1,804,744 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Extreme Networks by 318.7% in the third quarter. Victory Capital Management Inc. now owns 4,466,031 shares of the technology company's stock valued at $67,124,000 after purchasing an additional 3,399,288 shares during the period. William Blair Investment Management LLC acquired a new stake in Extreme Networks in the 2nd quarter valued at about $25,409,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Extreme Networks by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,055,179 shares of the technology company's stock valued at $14,192,000 after buying an additional 3,572 shares during the period. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Extreme Networks Stock Performance

Extreme Networks stock traded up $0.37 during midday trading on Friday, hitting $16.03. 1,299,840 shares of the company's stock were exchanged, compared to its average volume of 1,826,754. 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. The firm's 50 day simple moving average is $15.26 and its 200 day simple moving average is $13.79. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of -16.15, a price-to-earnings-growth ratio of 3.36 and a beta of 1.77.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EXTR. Craig Hallum lifted their price objective on shares of Extreme Networks from $17.00 to $22.50 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Rosenblatt Securities reaffirmed a "buy" rating and set a $21.00 price target on shares of Extreme Networks in a report on Wednesday, November 6th. B. Riley increased their price objective on Extreme Networks from $18.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Needham & Company LLC reissued a "buy" rating and set a $16.50 target price on shares of Extreme Networks in a research report on Thursday, August 8th. Finally, StockNews.com upgraded shares of Extreme Networks from a "hold" rating to a "buy" rating in a research report on Sunday, November 17th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.00.

Insider Buying and Selling

In related news, Director Raj Khanna sold 10,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $16.53, for a total value of $165,300.00. Following the sale, the director now directly owns 228,733 shares of the company's stock, valued at approximately $3,780,956.49. This represents a 4.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Edward Meyercord sold 35,725 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $14.75, for a total transaction of $526,943.75. Following the completion of the sale, the chief executive officer now directly owns 1,448,378 shares in the company, valued at $21,363,575.50. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,175 shares of company stock worth $1,763,279 in the last quarter. Company insiders own 3.70% of the company's stock.

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.