Extreme Networks, Inc. (NASDAQ:EXTR) Holdings Trimmed by Public Sector Pension Investment Board

Public Sector Pension Investment Board cut its holdings in Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 29.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 602,526 shares of the technology company's stock after selling 257,400 shares during the period. Public Sector Pension Investment Board owned about 0.46% of Extreme Networks worth $9,056,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Lisanti Capital Growth LLC raised its holdings in shares of Extreme Networks by 61.0% in the third quarter. Lisanti Capital Growth LLC now owns 195,490 shares of the technology company's stock worth $2,938,000 after acquiring an additional 74,080 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in Extreme Networks by 297.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 80,371 shares of the technology company's stock valued at $1,081,000 after purchasing an additional 60,131 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Extreme Networks in the 3rd quarter valued at about $651,000. Victory Capital Management Inc. lifted its holdings in Extreme Networks by 373.4% in the 2nd quarter. Victory Capital Management Inc. now owns 1,066,743 shares of the technology company's stock valued at $14,348,000 after purchasing an additional 841,395 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC boosted its stake in shares of Extreme Networks by 491.1% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 333,644 shares of the technology company's stock worth $4,488,000 after purchasing an additional 277,196 shares during the last quarter. 91.05% of the stock is owned by institutional investors and hedge funds.

Extreme Networks Stock Up 1.1 %

Shares of EXTR opened at $16.60 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 5.33. Extreme Networks, Inc. has a fifty-two week low of $10.49 and a fifty-two week high of $18.77. The company's fifty day moving average is $15.42 and its two-hundred day moving average is $14.03. The firm has a market cap of $2.19 billion, a PE ratio of -17.11, a price-to-earnings-growth ratio of 3.58 and a beta of 1.77.

Analyst Upgrades and Downgrades

EXTR has been the subject of a number of analyst reports. Craig Hallum boosted their price objective on shares of Extreme Networks from $17.00 to $22.50 and gave the company a "buy" rating in a research report on Thursday, October 31st. StockNews.com downgraded Extreme Networks from a "buy" rating to a "hold" rating in a report on Monday, November 25th. Needham & Company LLC reissued a "buy" rating and set a $16.50 price target on shares of Extreme Networks in a research note on Thursday, August 8th. B. Riley lifted their price objective on Extreme Networks from $18.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $21.00 target price on shares of Extreme Networks in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Extreme Networks has a consensus rating of "Moderate Buy" and a consensus target price of $19.00.

Insider Buying and Selling at Extreme Networks

In other news, Director Charles Carinalli sold 5,000 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were 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 in the company, valued at approximately $6,125,443.10. This trade represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Edward Meyercord sold 35,725 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $14.75, for a total transaction of $526,943.75. Following the sale, the chief executive officer now owns 1,448,378 shares of the company's stock, valued at $21,363,575.50. The trade was a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 127,175 shares of company stock valued at $1,927,079. Company 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.