Extreme Networks, Inc (NASDAQ:EXTR) Stake Increased by California Public Employees Retirement System

California Public Employees Retirement System increased its holdings in shares of Extreme Networks, Inc (NASDAQ:EXTR) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 346,012 shares of the technology company’s stock after acquiring an additional 14,712 shares during the period. California Public Employees Retirement System owned about 0.31% of Extreme Networks worth $4,114,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EXTR. Vanguard Group Inc. raised its stake in shares of Extreme Networks by 11.5% in the second quarter. Vanguard Group Inc. now owns 8,040,988 shares of the technology company’s stock worth $74,138,000 after acquiring an additional 830,103 shares during the last quarter. State Street Corp raised its stake in shares of Extreme Networks by 4.7% during the second quarter. State Street Corp now owns 2,307,153 shares of the technology company’s stock worth $21,273,000 after buying an additional 102,591 shares during the last quarter. FMR LLC raised its stake in shares of Extreme Networks by 57.9% during the second quarter. FMR LLC now owns 2,130,799 shares of the technology company’s stock worth $19,647,000 after buying an additional 781,130 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Extreme Networks by 474.9% during the second quarter. Goldman Sachs Group Inc. now owns 1,593,826 shares of the technology company’s stock worth $14,695,000 after buying an additional 1,316,604 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC bought a new stake in shares of Extreme Networks during the second quarter worth approximately $14,029,000. Institutional investors and hedge funds own 82.58% of the company’s stock.

Several research analysts have recently weighed in on the stock. Craig Hallum reiterated a “buy” rating and issued a $17.00 price target (up previously from $12.50) on shares of Extreme Networks in a report on Wednesday, November 8th. Cowen started coverage on shares of Extreme Networks in a research report on Wednesday, December 20th. They issued an “outperform” rating and a $16.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating on shares of Extreme Networks in a research report on Friday, November 10th. ValuEngine lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research raised shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Friday, November 10th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $14.17.

In other Extreme Networks news, Director Raj Khanna sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $13.81, for a total transaction of $138,100.00. Following the completion of the transaction, the director now owns 99,523 shares in the company, valued at approximately $1,374,412.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles Carinalli sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $12.91, for a total transaction of $258,200.00. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Extreme Networks, Inc (NASDAQ EXTR) opened at $13.48 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 1.09. Extreme Networks, Inc has a one year low of $5.22 and a one year high of $14.34. The company has a market cap of $1,450.64, a PE ratio of 674.00, a P/E/G ratio of 1.25 and a beta of 1.14.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Extreme Networks had a net margin of 0.34% and a return on equity of 46.58%. The firm had revenue of $211.72 million for the quarter, compared to the consensus estimate of $203.86 million. During the same period in the prior year, the company posted $0.07 earnings per share. The business’s revenue for the quarter was up 72.5% on a year-over-year basis. research analysts anticipate that Extreme Networks, Inc will post 0.6 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Extreme Networks (NASDAQ:EXTR)

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