Cornerstone Financial Partners LLC acquired a new stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 16,075 shares of the technology company’s stock, valued at approximately $148,000.
Other hedge funds have also recently modified their holdings of the company. FNY Partners Fund LP purchased a new stake in shares of Extreme Networks during the first quarter valued at about $112,000. Bank of Montreal Can increased its stake in shares of Extreme Networks by 3,689.4% in the first quarter. Bank of Montreal Can now owns 15,006 shares of the technology company’s stock valued at $113,000 after buying an additional 14,610 shares during the period. Bank of America Corp DE boosted its position in Extreme Networks by 29.0% in the first quarter. Bank of America Corp DE now owns 18,318 shares of the technology company’s stock valued at $138,000 after buying an additional 4,118 shares during the period. Fox Run Management L.L.C. acquired a new position in Extreme Networks during the second quarter valued at approximately $183,000. Finally, NN Investment Partners Holdings N.V. acquired a new position in Extreme Networks during the second quarter valued at approximately $187,000. 82.11% of the stock is owned by institutional investors.
Shares of Extreme Networks, Inc. (NASDAQ:EXTR) opened at 8.90 on Thursday. The company’s market capitalization is $980.48 million. The firm has a 50-day moving average price of $9.39 and a 200-day moving average price of $7.98. Extreme Networks, Inc. has a 1-year low of $3.75 and a 1-year high of $11.03.
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Several equities analysts have recently commented on the company. BidaskClub cut Extreme Networks from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Needham & Company LLC reiterated a “buy” rating and set a $12.50 target price (up from $9.50) on shares of Extreme Networks in a research note on Friday, June 2nd. Finally, Zacks Investment Research cut Extreme Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.10.
In other Extreme Networks news, insider Edward Meyercord sold 65,000 shares of the business’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $10.10, for a total value of $656,500.00. Following the transaction, the insider now owns 563,034 shares of the company’s stock, valued at $5,686,643.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.91% of the stock is currently owned by insiders.
Extreme Networks Company Profile
Extreme Networks, Inc is a provider of network infrastructure equipment. The Company markets its products to business, governmental, healthcare, service provider and educational customers with a focus on corporate enterprises and metropolitan service providers on a global basis. The Company operates through the development and marketing of network infrastructure equipment segment.
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