Amalgamated Bank Sells 1,371 Shares of Extreme Networks, Inc. (NASDAQ:EXTR)

Amalgamated Bank trimmed its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,090 shares of the technology company’s stock after selling 1,371 shares during the quarter. Amalgamated Bank’s holdings in Extreme Networks were worth $572,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EXTR. Acadian Asset Management LLC bought a new stake in shares of Extreme Networks during the first quarter worth $27,000. GAMMA Investing LLC lifted its position 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 worth $30,000 after purchasing an additional 1,035 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Extreme Networks by 1,635.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company’s stock worth $67,000 after purchasing an additional 4,709 shares during the last quarter. Gladius Capital Management LP bought a new stake in shares of Extreme Networks during the second quarter worth $90,000. Finally, Hennessy Advisors Inc. bought a new stake in shares of Extreme Networks during the second quarter worth $148,000. 91.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Extreme Networks

In other news, Director Raj Khanna sold 10,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $16.53, for a total transaction of $165,300.00. Following the sale, the director now owns 228,733 shares in the company, valued at approximately $3,780,956.49. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward Meyercord sold 35,725 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $15.02, for a total value of $536,589.50. Following the sale, the chief executive officer now owns 1,448,378 shares in the company, valued at $21,754,637.56. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,175 shares of company stock worth $1,763,279 over the last quarter. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on EXTR shares. Needham & Company LLC restated a “buy” rating and issued a $16.50 price objective on shares of Extreme Networks in a report on Thursday, August 8th. Rosenblatt Securities restated a “buy” rating and issued a $21.00 price objective on shares of Extreme Networks in a report on Wednesday, November 6th. StockNews.com upgraded Extreme Networks from a “hold” rating to a “buy” rating in a report on Sunday. B. Riley lifted their price objective on Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Craig Hallum lifted their price objective on Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Extreme Networks Price Performance

EXTR opened at $15.61 on Friday. The business’s 50-day moving average is $15.14 and its two-hundred day moving average is $13.67. Extreme Networks, Inc. has a 1 year low of $10.49 and a 1 year high of $18.77. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.63. The firm has a market capitalization of $2.06 billion, a PE ratio of -16.09, a price-to-earnings-growth ratio of 3.63 and a beta of 1.77.

Extreme Networks 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.