Mutual of America Capital Management LLC Reduces Holdings in Extreme Networks, Inc. (NASDAQ:EXTR)

Mutual of America Capital Management LLC trimmed its holdings in Extreme Networks, Inc. (NASDAQ:EXTR) by 8.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,604 shares of the technology company’s stock after selling 1,755 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Extreme Networks were worth $295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Natixis Advisors LLC acquired a new stake in shares of Extreme Networks in the third quarter valued at about $224,000. Royce & Associates LP increased its stake in Extreme Networks by 13.5% in the third quarter. Royce & Associates LP now owns 108,091 shares of the technology company’s stock valued at $1,625,000 after purchasing an additional 12,871 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in Extreme Networks by 2.2% in the third quarter. OneDigital Investment Advisors LLC now owns 70,841 shares of the technology company’s stock valued at $1,065,000 after purchasing an additional 1,541 shares during the period. Brooktree Capital Management boosted its holdings in Extreme Networks by 1.5% in the third quarter. Brooktree Capital Management now owns 179,448 shares of the technology company’s stock valued at $2,697,000 after acquiring an additional 2,569 shares during the last quarter. Finally, KBC Group NV increased its position in Extreme Networks by 54.3% during the 3rd quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock worth $75,000 after purchasing an additional 1,745 shares in the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Extreme Networks Trading Down 3.1 %

NASDAQ EXTR opened at $16.42 on Friday. The firm’s 50 day moving average price is $15.40 and its two-hundred day moving average price is $13.98. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of -16.93, a PEG ratio of 3.59 and a beta of 1.77. The company has a debt-to-equity ratio of 5.33, a quick ratio of 0.63 and a current ratio of 0.91. Extreme Networks, Inc. has a twelve month low of $10.49 and a twelve month high of $18.77.

Analysts Set New Price Targets

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

Insider Activity

In related news, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $14.75, for a total transaction of $526,943.75. Following the completion of the sale, the chief executive officer now owns 1,448,378 shares of the company’s stock, valued at approximately $21,363,575.50. This trade represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raj Khanna sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $16.53, for a total value of $165,300.00. Following the completion of the transaction, the director now directly 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 disclosure for this sale can be found here. Insiders have sold 127,175 shares of company stock worth $1,927,079 in the last 90 days. Company insiders own 3.70% of the company’s stock.

Extreme Networks Company 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.