Harbor Capital Advisors Inc. Has $414,000 Position in Extreme Networks, Inc. (NASDAQ:EXTR)

Harbor Capital Advisors Inc. cut its holdings in Extreme Networks, Inc. (NASDAQ:EXTR) by 76.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,730 shares of the technology company’s stock after selling 82,194 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Extreme Networks were worth $414,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EXTR. Quarry LP bought a new position in shares of Extreme Networks in the 3rd quarter worth $26,000. GAMMA Investing LLC increased its position in shares of Extreme Networks by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock valued at $30,000 after buying an additional 1,035 shares in the last quarter. KBC Group NV raised its stake 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 buying an additional 1,745 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Extreme Networks by 134.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,700 shares of the technology company’s stock worth $176,000 after acquiring an additional 6,703 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in Extreme Networks in the third quarter valued at about $179,000. Institutional investors own 91.05% of the company’s stock.

Insiders Place Their Bets

In other Extreme Networks news, CEO Edward Meyercord sold 35,725 shares of the company’s stock in a transaction on Friday, November 1st. The shares were 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 of the company’s stock, valued at approximately $21,667,734.88. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charles Carinalli sold 5,000 shares of Extreme Networks stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $16.06, for a total transaction of $80,300.00. Following the completion of the transaction, the director now directly owns 371,793 shares of the company’s stock, valued at approximately $5,970,995.58. This trade represents a 1.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,725 shares of company stock valued at $863,546 in the last three months. 3.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EXTR has been the topic of several recent analyst reports. StockNews.com upgraded Extreme Networks from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Craig Hallum lifted their price target on shares of Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a research note on Thursday, October 31st. Rosenblatt Securities reissued a “buy” rating and set a $21.00 price objective on shares of Extreme Networks in a research report on Wednesday, November 6th. Finally, B. Riley boosted their price objective on shares of Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Extreme Networks Stock Performance

Shares of EXTR stock opened at $17.18 on Wednesday. The firm has a market cap of $2.27 billion, a PE ratio of -17.71, a P/E/G ratio of 3.96 and a beta of 1.75. Extreme Networks, Inc. has a 12 month low of $10.49 and a 12 month high of $19.24. The company’s fifty day simple moving average is $17.01 and its 200-day simple moving average is $15.32. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 5.33.

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.