Natixis Advisors LLC Buys Shares of 14,927 Extreme Networks, Inc. (NASDAQ:EXTR)

Natixis Advisors LLC bought a new stake in Extreme Networks, Inc. (NASDAQ:EXTR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,927 shares of the technology company’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Extreme Networks by 109.5% in the third quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock valued at $30,000 after purchasing an additional 1,035 shares in the last quarter. Allspring Global Investments Holdings LLC grew 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 purchasing an additional 4,709 shares in the last quarter. KBC Group NV grew 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 valued at $75,000 after purchasing an additional 1,745 shares in the last quarter. Gladius Capital Management LP purchased a new position in Extreme Networks in the second quarter valued at about $90,000. Finally, Hennessy Advisors Inc. purchased a new position in Extreme Networks in the second quarter valued at about $148,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Insider Buying and Selling at Extreme Networks

In other Extreme Networks news, CEO Edward Meyercord sold 35,725 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $14.75, for a total value of $526,943.75. Following the completion of the transaction, the chief executive officer now owns 1,448,378 shares of the company’s stock, valued at $21,363,575.50. This represents a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles Carinalli sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $16.70, for a total value of $83,500.00. Following the completion of the transaction, the director now directly owns 366,793 shares of the company’s stock, valued at approximately $6,125,443.10. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 127,175 shares of company stock valued at $1,927,079 in the last quarter. Corporate insiders own 3.70% of the company’s stock.

Extreme Networks Trading Up 1.1 %

Extreme Networks stock opened at $16.60 on Friday. The business has a 50 day moving average price of $15.42 and a two-hundred day moving average price of $14.03. 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 cap of $2.19 billion, a price-to-earnings ratio of -17.11, a price-to-earnings-growth ratio of 3.58 and a beta of 1.77. Extreme Networks, Inc. has a 12 month low of $10.49 and a 12 month high of $18.77.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EXTR. Craig Hallum upped their price target on Extreme Networks from $17.00 to $22.50 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Rosenblatt Securities reiterated a “buy” rating and set a $21.00 price target on shares of Extreme Networks in a research note on Wednesday, November 6th. StockNews.com downgraded Extreme Networks from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. Needham & Company LLC reiterated a “buy” rating and set a $16.50 price target on shares of Extreme Networks in a research note on Thursday, August 8th. Finally, B. Riley upped their price target on Extreme Networks from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Extreme Networks currently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

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.