JPMorgan Chase & Co. Has $4.38 Million Stock Position in Extreme Networks, Inc. (NASDAQ:EXTR)

JPMorgan Chase & Co. cut its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 37.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 291,063 shares of the technology company's stock after selling 176,660 shares during the quarter. JPMorgan Chase & Co. owned 0.22% of Extreme Networks worth $4,375,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Andina Capital Management LLC lifted its stake in Extreme Networks by 4.1% during the third quarter. Andina Capital Management LLC now owns 20,405 shares of the technology company's stock worth $307,000 after purchasing an additional 795 shares during the last quarter. GAMMA Investing LLC increased its position in Extreme Networks by 109.5% in the third quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company's stock worth $30,000 after buying an additional 1,035 shares during the period. OneDigital Investment Advisors LLC increased its position in Extreme Networks by 2.2% in the third quarter. OneDigital Investment Advisors LLC now owns 70,841 shares of the technology company's stock worth $1,065,000 after buying an additional 1,541 shares during the period. Quarry LP acquired a new stake in Extreme Networks in the third quarter worth $26,000. Finally, KBC Group NV increased its position in Extreme Networks by 54.3% in the third quarter. KBC Group NV now owns 4,959 shares of the technology company's stock worth $75,000 after buying an additional 1,745 shares during the period. 91.05% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Charles Carinalli sold 5,000 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $16.70, for a total transaction of $83,500.00. Following the completion of the transaction, the director now owns 366,793 shares of the company's stock, valued at $6,125,443.10. This trade represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Raj Khanna sold 10,000 shares of the firm's 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,725 shares of company stock valued at $863,546. Company insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

EXTR has been the topic of several analyst reports. StockNews.com raised Extreme Networks from a "hold" rating to a "buy" rating in a research report on Thursday, December 19th. B. Riley increased their target price on Extreme Networks from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Craig Hallum increased their target price on Extreme Networks from $17.00 to $22.50 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, Rosenblatt Securities reissued a "buy" rating and set a $21.00 price target on shares of Extreme Networks in a report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Extreme Networks has a consensus rating of "Moderate Buy" and a consensus price target of $19.00.

Extreme Networks Stock Performance

Shares of EXTR traded up $0.06 during trading hours on Friday, reaching $17.32. 560,766 shares of the company's stock traded hands, compared to its average volume of 642,528. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of -17.86, a P/E/G ratio of 3.68 and a beta of 1.75. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.63. Extreme Networks, Inc. has a twelve month low of $10.49 and a twelve month high of $19.24. The business's fifty day simple moving average is $17.05 and its two-hundred day simple moving average is $15.37.

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.