Barclays PLC Purchases 171,500 Shares of Extreme Networks, Inc. (NASDAQ:EXTR)

Barclays PLC boosted its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 369.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 217,875 shares of the technology company’s stock after acquiring an additional 171,500 shares during the quarter. Barclays PLC owned approximately 0.16% of Extreme Networks worth $3,274,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of Extreme Networks during the 3rd quarter worth $26,000. GAMMA Investing LLC increased its position in 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 buying an additional 1,035 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in 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 valued at $67,000 after buying an additional 4,709 shares in the last quarter. KBC Group NV lifted its position in shares of Extreme Networks by 54.3% in the third quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock worth $75,000 after buying an additional 1,745 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Extreme Networks during the 3rd quarter worth about $179,000. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Extreme Networks Price Performance

NASDAQ:EXTR opened at $17.64 on Tuesday. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.63. Extreme Networks, Inc. has a one year low of $10.49 and a one year high of $19.24. The company has a fifty day moving average price of $16.30 and a 200 day moving average price of $14.79. The stock has a market cap of $2.33 billion, a P/E ratio of -18.19, a PEG ratio of 3.87 and a beta of 1.76.

Insider Activity

In other news, CEO Edward Meyercord sold 35,725 shares of the business’s 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 approximately $21,667,734.88. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles Carinalli sold 5,000 shares of the company’s stock in a transaction 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 owns 366,793 shares of the company’s stock, valued at $6,125,443.10. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,450 shares of company stock valued at $1,390,490. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on EXTR. Craig Hallum boosted their target price on Extreme Networks from $17.00 to $22.50 and gave the stock a “buy” rating in a report on Thursday, October 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $21.00 price objective on shares of Extreme Networks in a report on Wednesday, November 6th. B. Riley raised their target price on shares of Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, StockNews.com upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.