Harbor Capital Advisors Inc. Sells 82,194 Shares of Extreme Networks, Inc. (NASDAQ:EXTR)

Harbor Capital Advisors Inc. decreased its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 76.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,730 shares of the technology company's stock after selling 82,194 shares during the period. Harbor Capital Advisors Inc.'s holdings in Extreme Networks were worth $414,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Rubric Capital Management LP raised its position 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 valued at $70,676,000 after purchasing an additional 1,804,744 shares during the period. State Street Corp grew its holdings in shares of Extreme Networks by 1.0% during the 3rd quarter. State Street Corp now owns 5,134,008 shares of the technology company's stock valued at $77,164,000 after purchasing an additional 49,905 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Extreme Networks by 318.7% in the 3rd quarter. Victory Capital Management Inc. now owns 4,466,031 shares of the technology company's stock valued at $67,124,000 after acquiring an additional 3,399,288 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Extreme Networks by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,159,633 shares of the technology company's stock worth $17,429,000 after purchasing an additional 8,169 shares during the last quarter. Finally, Portolan Capital Management LLC raised its stake in shares of Extreme Networks by 194.6% during the third quarter. Portolan Capital Management LLC now owns 1,060,828 shares of the technology company's stock valued at $15,944,000 after acquiring an additional 700,724 shares during the last quarter. Institutional investors own 91.05% of the company's stock.

Extreme Networks Stock Up 1.8 %

NASDAQ EXTR traded up $0.31 during trading hours on Wednesday, reaching $17.49. 610,323 shares of the company's stock traded hands, compared to its average volume of 703,725. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.63. The firm has a market cap of $2.31 billion, a PE ratio of -18.03, a PEG ratio of 3.96 and a beta of 1.75. The firm has a 50-day simple moving average of $17.01 and a 200 day simple moving average of $15.32. Extreme Networks, Inc. has a 52-week low of $10.49 and a 52-week high of $19.24.

Insider Activity

In other news, Director Raj Khanna sold 10,000 shares of the stock in a transaction 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 directly owns 228,733 shares of the company's stock, valued at $3,780,956.49. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Edward Meyercord sold 35,725 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $14.96, for a total value of $534,446.00. Following the sale, the chief executive officer now owns 1,448,378 shares of the company's stock, valued at $21,667,734.88. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,725 shares of company stock valued at $863,546 over the last ninety days. 3.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EXTR shares. B. Riley lifted their price objective on shares of Extreme Networks from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $21.00 target price on shares of Extreme Networks in a report on Wednesday, November 6th. StockNews.com upgraded shares of Extreme Networks from a "hold" rating to a "buy" rating in a research note on Thursday, December 19th. Finally, Craig Hallum lifted their target price on shares of Extreme Networks from $17.00 to $22.50 and gave the stock a "buy" rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $19.00.

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.