Mirador Capital Partners LP Boosts Stake in Extreme Networks, Inc. (NASDAQ:EXTR)

Mirador Capital Partners LP lifted its holdings in Extreme Networks, Inc. (NASDAQ:EXTR) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 367,197 shares of the technology company’s stock after buying an additional 1,873 shares during the period. Extreme Networks makes up 1.1% of Mirador Capital Partners LP’s holdings, making the stock its 22nd biggest position. Mirador Capital Partners LP owned 0.28% of Extreme Networks worth $6,147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP purchased a new position in shares of Extreme Networks in the third quarter worth about $26,000. GAMMA Investing LLC raised its stake in Extreme Networks by 109.5% during the third quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,035 shares during the period. KBC Group NV raised its stake in Extreme Networks by 54.3% during the third 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 during the period. Allspring Global Investments Holdings LLC raised its stake 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 purchasing an additional 6,703 shares during the period. Finally, nVerses Capital LLC purchased a new position in Extreme Networks during the third quarter worth about $179,000. 91.05% of the stock is owned by hedge funds and other institutional investors.

Extreme Networks Stock Up 0.6 %

Shares of NASDAQ:EXTR opened at $17.59 on Thursday. The firm has a 50 day simple moving average of $17.03 and a 200-day simple moving average of $15.33. Extreme Networks, Inc. has a twelve month low of $10.49 and a twelve month high of $19.24. The company has a market capitalization of $2.32 billion, a PE ratio of -18.13, a P/E/G ratio of 3.68 and a beta of 1.75. The company has a current ratio of 0.91, a quick ratio of 0.63 and a debt-to-equity ratio of 5.33.

Wall Street Analysts Forecast Growth

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

Insider Activity at Extreme Networks

In related news, Director Raj Khanna sold 10,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $16.53, for a total value of $165,300.00. Following the completion of the sale, the director now owns 228,733 shares in the company, valued at $3,780,956.49. This represents a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward Meyercord sold 35,725 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $14.96, for a total transaction of $534,446.00. Following the transaction, the chief executive officer now owns 1,448,378 shares of the company’s stock, valued at approximately $21,667,734.88. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,725 shares of company stock worth $863,546 in the last 90 days. 3.70% of the stock is owned by insiders.

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.