Creative Planning Purchases 5,133 Shares of Extreme Networks, Inc. (NASDAQ:EXTR)

Creative Planning lifted its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 32.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,140 shares of the technology company’s stock after acquiring an additional 5,133 shares during the quarter. Creative Planning’s holdings in Extreme Networks were worth $318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in shares of Extreme Networks by 101.8% during the 1st quarter. BNP Paribas Financial Markets now owns 437,659 shares of the technology company’s stock worth $5,051,000 after acquiring an additional 220,763 shares during the period. Harbor Capital Advisors Inc. boosted 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 worth $1,081,000 after purchasing an additional 60,131 shares during the period. M&G Plc bought a new position in Extreme Networks in the 1st quarter worth about $4,175,000. Victory Capital Management Inc. boosted its stake 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 worth $14,348,000 after purchasing an additional 841,395 shares during the period. Finally, Susquehanna Fundamental Investments LLC boosted its stake in Extreme Networks by 491.1% in 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 period. Institutional investors own 91.05% of the company’s stock.

Extreme Networks Stock Performance

Shares of NASDAQ EXTR opened at $16.76 on Friday. The stock’s 50-day moving average is $14.95 and its 200 day moving average is $13.50. The company has a current ratio of 0.91, a quick ratio of 0.63 and a debt-to-equity ratio of 5.33. Extreme Networks, Inc. has a 1-year low of $10.49 and a 1-year high of $18.77. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of -17.28, a P/E/G ratio of 3.51 and a beta of 1.77.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.21). Extreme Networks had a negative return on equity of 80.55% and a negative net margin of 12.11%. The company had revenue of $256.65 million for the quarter, compared to the consensus estimate of $253.21 million. During the same quarter in the previous year, the business earned $0.24 earnings per share. Extreme Networks’s revenue was down 29.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Extreme Networks, Inc. will post 0.25 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $14.96, for a total value of $534,446.00. Following the sale, the chief executive officer now directly owns 1,448,378 shares in the company, valued at approximately $21,667,734.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $14.96, for a total transaction of $534,446.00. Following the sale, the chief executive officer now directly owns 1,448,378 shares in the company, valued at $21,667,734.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Raj Khanna sold 10,000 shares of Extreme Networks stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $16.53, for a total value of $165,300.00. Following the sale, the director now owns 228,733 shares in the company, valued at $3,780,956.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,175 shares of company stock worth $1,763,279 in the last ninety days. 3.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Rosenblatt Securities restated a “buy” rating and issued a $21.00 target price on shares of Extreme Networks in a research note on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.50 price target on shares of Extreme Networks in a report on Thursday, August 8th. StockNews.com cut Extreme Networks from a “buy” rating to a “hold” rating in a report on Saturday. Craig Hallum raised their price target on Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, B. Riley raised their price target on Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

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.