UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Position in Extreme Networks, Inc. (NASDAQ:EXTR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 12.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 239,415 shares of the technology company's stock after selling 32,742 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of Extreme Networks worth $3,598,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in Extreme Networks by 109.5% in the 3rd 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 in the last quarter. Allspring Global Investments Holdings LLC increased 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 valued at $67,000 after acquiring an additional 4,709 shares during the last quarter. KBC Group NV raised its position in Extreme Networks by 54.3% during the third quarter. KBC Group NV now owns 4,959 shares of the technology company's stock valued at $75,000 after purchasing an additional 1,745 shares in the last quarter. Gladius Capital Management LP bought a new stake in Extreme Networks during the second quarter worth about $90,000. Finally, Hennessy Advisors Inc. purchased a new position in shares of Extreme Networks in the 2nd quarter worth about $148,000. Hedge funds and other institutional investors own 91.05% of the company's stock.

Wall Street Analysts Forecast Growth

EXTR has been the subject of a number of recent research reports. Craig Hallum boosted 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. Rosenblatt Securities reaffirmed a "buy" rating and set a $21.00 target price on shares of Extreme Networks in a report on Wednesday, November 6th. B. Riley boosted their price target on shares of Extreme Networks from $18.00 to $21.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, StockNews.com cut Extreme Networks from a "buy" rating to a "hold" rating in a research note on Monday, November 25th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $19.00.

Extreme Networks Trading Down 0.1 %

Shares of NASDAQ:EXTR traded down $0.01 during midday trading on Friday, hitting $18.17. 590,979 shares of the stock traded hands, compared to its average volume of 1,777,043. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 5.33. The stock has a market capitalization of $2.40 billion, a PE ratio of -18.73, a P/E/G ratio of 3.87 and a beta of 1.76. Extreme Networks, Inc. has a one year low of $10.49 and a one year high of $18.77. The business's 50 day moving average is $15.97 and its two-hundred day moving average is $14.47.

Insider Activity

In related news, Director Charles Carinalli sold 5,000 shares of the business'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 transaction, the director now owns 366,793 shares in the company, valued at $6,125,443.10. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward Meyercord sold 35,725 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $14.96, for a total transaction of $534,446.00. Following the completion of the sale, the chief executive officer now owns 1,448,378 shares of the company's stock, valued at $21,667,734.88. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,450 shares of company stock valued at $1,390,490. 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.