Trexquant Investment LP Sells 142,444 Shares of Extreme Networks, Inc. (NASDAQ:EXTR)

Trexquant Investment LP trimmed its holdings in Extreme Networks, Inc. (NASDAQ:EXTR) by 37.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 235,166 shares of the technology company’s stock after selling 142,444 shares during the period. Trexquant Investment LP owned 0.18% of Extreme Networks worth $4,148,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EXTR. Commonwealth Equity Services LLC bought a new stake in Extreme Networks in the third quarter worth approximately $549,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Extreme Networks in the third quarter worth $339,000. Brooktree Capital Management lifted its stake in shares of Extreme Networks by 6.8% in the third quarter. Brooktree Capital Management now owns 104,752 shares of the technology company’s stock worth $2,536,000 after buying an additional 6,680 shares during the last quarter. Versor Investments LP lifted its stake in shares of Extreme Networks by 317.0% in the third quarter. Versor Investments LP now owns 32,623 shares of the technology company’s stock worth $790,000 after buying an additional 24,800 shares during the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of Extreme Networks in the third quarter worth $1,863,000. 91.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Rosenblatt Securities upgraded shares of Extreme Networks from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $15.00 to $17.00 in a research note on Thursday, May 2nd. Craig Hallum upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating and upped their target price for the company from $13.00 to $14.00 in a research note on Thursday, May 16th. StockNews.com cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. TheStreet cut shares of Extreme Networks from a “b-” rating to a “c+” rating in a research note on Tuesday, February 20th. Finally, B. Riley upped their target price on shares of Extreme Networks from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.64.

Extreme Networks Trading Down 0.2 %

EXTR opened at $11.42 on Thursday. Extreme Networks, Inc. has a twelve month low of $10.49 and a twelve month high of $32.73. The firm’s 50-day simple moving average is $11.25 and its 200-day simple moving average is $13.96. The company has a quick ratio of 0.61, a current ratio of 0.96 and a debt-to-equity ratio of 2.78.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). Extreme Networks had a positive return on equity of 37.36% and a negative net margin of 0.52%. The company had revenue of $211.04 million for the quarter, compared to the consensus estimate of $207.80 million. As a group, sell-side analysts forecast that Extreme Networks, Inc. will post 0.08 EPS for the current fiscal year.

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.