Healthcare of Ontario Pension Plan Trust Fund Increases Stock Position in Extreme Networks, Inc. (NASDAQ:EXTR)

Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 265.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 731,500 shares of the technology company’s stock after purchasing an additional 531,500 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.56% of Extreme Networks worth $9,839,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXTR. Vanguard Group Inc. lifted its stake in shares of Extreme Networks by 16.9% in the 1st quarter. Vanguard Group Inc. now owns 15,181,169 shares of the technology company’s stock valued at $175,191,000 after purchasing an additional 2,191,181 shares during the last quarter. Rubric Capital Management LP lifted its stake in shares of Extreme Networks by 52.3% during the 2nd quarter. Rubric Capital Management LP now owns 5,254,744 shares of the technology company’s stock worth $70,676,000 after acquiring an additional 1,804,744 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Extreme Networks during the 2nd quarter worth approximately $25,409,000. Congress Asset Management Co. MA lifted its stake in shares of Extreme Networks by 11.4% during the 4th quarter. Congress Asset Management Co. MA now owns 1,376,654 shares of the technology company’s stock worth $24,284,000 after acquiring an additional 141,015 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Extreme Networks by 373.4% during the 2nd quarter. Victory Capital Management Inc. now owns 1,066,743 shares of the technology company’s stock worth $14,348,000 after acquiring an additional 841,395 shares during the last quarter. 91.05% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Extreme Networks news, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $14.75, for a total transaction of $526,943.75. Following the completion of the sale, the chief executive officer now owns 1,448,378 shares of the company’s stock, valued at approximately $21,363,575.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.32% of the stock is currently owned by insiders.

Extreme Networks Trading Up 0.6 %

Shares of NASDAQ:EXTR opened at $14.94 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.63 and a debt-to-equity ratio of 7.05. The company has a market capitalization of $1.94 billion, a PE ratio of -213.43, a P/E/G ratio of 3.46 and a beta of 1.76. Extreme Networks, Inc. has a 12-month low of $10.49 and a 12-month high of $25.51. The business’s fifty day simple moving average is $14.51 and its 200-day simple moving average is $12.83.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). Extreme Networks had a negative return on equity of 24.51% and a negative net margin of 7.69%. The firm had revenue of $256.65 million for the quarter, compared to analyst estimates of $253.21 million. During the same period in the prior year, the firm posted $0.24 EPS. The business’s revenue was down 29.5% compared to the same quarter last year. As a group, equities research analysts predict that Extreme Networks, Inc. will post 0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Craig Hallum raised their price target on Extreme Networks from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. 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. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.90.

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.