Charles Schwab Investment Management Inc. Grows Stock Position in Extreme Networks, Inc. (NASDAQ:EXTR)

Charles Schwab Investment Management Inc. boosted its stake in Extreme Networks, Inc. (NASDAQ:EXTR) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,159,633 shares of the technology company’s stock after acquiring an additional 8,169 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.88% of Extreme Networks worth $17,429,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lisanti Capital Growth LLC boosted its holdings in Extreme Networks by 61.0% in the 3rd quarter. Lisanti Capital Growth LLC now owns 195,490 shares of the technology company’s stock worth $2,938,000 after acquiring an additional 74,080 shares during the period. Victory Capital Management Inc. raised its position in shares of 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 valued at $14,348,000 after purchasing an additional 841,395 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its position in shares of Extreme Networks by 491.1% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 333,644 shares of the technology company’s stock valued at $4,488,000 after purchasing an additional 277,196 shares in the last quarter. Texas Permanent School Fund Corp raised its position in shares of Extreme Networks by 38.2% in the 2nd quarter. Texas Permanent School Fund Corp now owns 155,699 shares of the technology company’s stock valued at $2,094,000 after purchasing an additional 43,036 shares in the last quarter. Finally, Aquila Investment Management LLC acquired a new position in shares of Extreme Networks in the 3rd quarter valued at approximately $962,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Extreme Networks Stock Performance

EXTR stock opened at $17.49 on Friday. Extreme Networks, Inc. has a 12-month low of $10.49 and a 12-month high of $18.77. The stock’s 50 day simple moving average is $15.68 and its 200 day simple moving average is $14.26. The company has a current ratio of 0.91, a quick ratio of 0.63 and a debt-to-equity ratio of 5.33. The firm has a market cap of $2.31 billion, a P/E ratio of -18.03, a P/E/G ratio of 3.92 and a beta of 1.76.

Analyst Ratings Changes

EXTR has been the topic of a number of recent analyst reports. Craig Hallum upped their target price on Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a research report on Thursday, October 31st. B. Riley upped their target price on Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $21.00 target price on shares of Extreme Networks in a research report on Wednesday, November 6th. Finally, StockNews.com lowered Extreme Networks from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Insider Transactions at Extreme Networks

In other news, CEO Edward Meyercord sold 35,725 shares of the 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 transaction, the chief executive officer now owns 1,448,378 shares of the company’s stock, valued at approximately $21,667,734.88. This represents a 2.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Raj Khanna sold 10,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $16.53, for a total value of $165,300.00. Following the transaction, the director now directly owns 228,733 shares in the company, valued at approximately $3,780,956.49. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 91,450 shares of company stock valued at $1,390,490 in the last three months. Corporate insiders own 3.70% of the company’s stock.

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.