Lisanti Capital Growth LLC Buys 74,080 Shares of Extreme Networks, Inc. (NASDAQ:EXTR)

Lisanti Capital Growth LLC grew its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 61.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,490 shares of the technology company's stock after purchasing an additional 74,080 shares during the period. Lisanti Capital Growth LLC owned about 0.15% of Extreme Networks worth $2,938,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Andina Capital Management LLC raised its position in Extreme Networks by 3.8% in the 2nd quarter. Andina Capital Management LLC now owns 19,610 shares of the technology company's stock valued at $264,000 after purchasing an additional 719 shares during the last quarter. GAMMA Investing LLC grew its position in Extreme Networks by 109.5% during the third quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company's stock valued at $30,000 after acquiring an additional 1,035 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of 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 purchasing an additional 1,600 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Extreme Networks by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 25,502 shares of the technology company's stock worth $294,000 after acquiring an additional 1,741 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Extreme Networks by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 64,433 shares of the technology company's stock worth $867,000 after acquiring an additional 1,749 shares during the last quarter. Hedge funds and other institutional investors own 91.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Rosenblatt Securities reissued a "buy" rating and set a $21.00 price target on shares of Extreme Networks in a research report on Wednesday, November 6th. B. Riley increased their target price on shares of 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 upped their price objective on Extreme Networks from $17.00 to $22.50 and gave the company a "buy" rating in a report on Thursday, October 31st. Needham & Company LLC restated a "buy" rating and issued a $16.50 price target on shares of Extreme Networks in a report on Thursday, August 8th. Finally, StockNews.com downgraded Extreme Networks from a "buy" rating to a "hold" rating in a report on Saturday. Two 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 company has a consensus rating of "Moderate Buy" and an average price target of $19.00.

Extreme Networks Stock Performance

Shares of EXTR stock traded up $0.13 during trading hours on Monday, reaching $16.89. 1,189,552 shares of the company traded hands, compared to its average volume of 1,865,581. 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 12-month low of $10.49 and a 12-month high of $18.77. The firm has a 50-day moving average price of $14.95 and a 200 day moving average price of $13.53. The company has a market cap of $2.23 billion, a P/E ratio of -17.42, a P/E/G ratio of 3.65 and a beta of 1.77.

Insider Buying and Selling at Extreme Networks

In related news, CEO Edward Meyercord sold 35,725 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $15.02, for a total transaction of $536,589.50. Following the sale, the chief executive officer now directly owns 1,448,378 shares of the company's stock, valued at $21,754,637.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Extreme Networks news, Director Raj Khanna sold 10,000 shares of the business's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $16.53, for a total transaction of $165,300.00. Following the sale, the director now directly owns 228,733 shares in the company, valued at approximately $3,780,956.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $15.02, for a total value of $536,589.50. Following the sale, the chief executive officer now owns 1,448,378 shares of the company's stock, valued at approximately $21,754,637.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,175 shares of company stock valued at $1,763,279 in the last ninety days. Corporate insiders own 3.70% of the company's stock.

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.