State Street Corp Acquires 49,905 Shares of Extreme Networks, Inc. (NASDAQ:EXTR)

State Street Corp grew its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,134,008 shares of the technology company's stock after purchasing an additional 49,905 shares during the quarter. State Street Corp owned approximately 3.89% of Extreme Networks worth $77,164,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new position in Extreme Networks during the 3rd quarter valued at about $26,000. GAMMA Investing LLC raised its holdings in shares of 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 in the last quarter. KBC Group NV lifted its stake 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 acquiring an additional 1,745 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Extreme Networks by 1,635.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company's stock worth $67,000 after acquiring an additional 4,709 shares during the period. Finally, Hennessy Advisors Inc. bought a new stake in Extreme Networks in the second quarter valued at $148,000. Hedge funds and other institutional investors own 91.05% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $21.00 target price on shares of Extreme Networks in a research report on Wednesday, November 6th. Craig Hallum raised their price objective on shares of Extreme Networks from $17.00 to $22.50 and gave the stock a "buy" rating in a report on Thursday, October 31st. StockNews.com cut Extreme Networks from a "buy" rating to a "hold" rating in a research report on Monday, November 25th. Finally, B. Riley raised their target price on Extreme Networks from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $19.00.

Extreme Networks Stock Down 4.0 %

NASDAQ:EXTR traded down $0.72 during mid-day trading on Wednesday, hitting $17.40. 1,460,978 shares of the company's stock were exchanged, compared to its average volume of 1,767,957. The company has a market cap of $2.30 billion, a PE ratio of -17.94, a P/E/G ratio of 3.87 and a beta of 1.76. 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 one year low of $10.49 and a one year high of $19.24. The business has a fifty day moving average price of $16.11 and a 200 day moving average price of $14.62.

Insider Transactions at Extreme Networks

In other Extreme Networks news, Director Charles Carinalli sold 5,000 shares of Extreme Networks stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $16.06, for a total transaction of $80,300.00. Following the completion of the transaction, the director now owns 371,793 shares in the company, valued at approximately $5,970,995.58. The trade was a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raj Khanna sold 10,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was 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 in the company, valued at approximately $3,780,956.49. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 91,450 shares of company stock valued at $1,390,490 in the last ninety days. 3.70% of the stock is currently owned by corporate insiders.

About Extreme Networks

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.