Thompson Siegel & Walmsley LLC Sells 94,242 Shares of Extreme Networks, Inc. (NASDAQ:EXTR)

Thompson Siegel & Walmsley LLC decreased its holdings in Extreme Networks, Inc. (NASDAQ:EXTR) by 19.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 397,148 shares of the technology company’s stock after selling 94,242 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Extreme Networks were worth $5,969,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Andina Capital Management LLC increased its stake in shares of Extreme Networks by 3.8% in the second quarter. Andina Capital Management LLC now owns 19,610 shares of the technology company’s stock valued at $264,000 after buying an additional 719 shares in the last quarter. GAMMA Investing LLC boosted its stake 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 purchasing an additional 1,035 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in Extreme Networks by 2.2% in the third quarter. OneDigital Investment Advisors LLC now owns 70,841 shares of the technology company’s stock valued at $1,065,000 after buying an additional 1,541 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Extreme Networks by 2.5% during the second quarter. Louisiana State Employees Retirement System now owns 65,400 shares of the technology company’s stock worth $880,000 after purchasing an additional 1,600 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Extreme Networks by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 25,502 shares of the technology company’s stock worth $294,000 after purchasing an additional 1,741 shares in the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

Extreme Networks Stock Up 1.5 %

NASDAQ:EXTR opened at $15.67 on Friday. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of -16.15, a price-to-earnings-growth ratio of 3.36 and a beta of 1.77. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 5.33. Extreme Networks, Inc. has a twelve month low of $10.49 and a twelve month high of $18.77. The stock’s 50 day moving average price is $15.24 and its two-hundred day moving average price is $13.78.

Insider Buying and Selling

In related news, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $14.75, for a total transaction of $526,943.75. Following the completion of the transaction, the chief executive officer now owns 1,448,378 shares in the company, valued at approximately $21,363,575.50. This trade represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Raj Khanna sold 10,000 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 117,175 shares of company stock worth $1,763,279. Insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EXTR shares. StockNews.com upgraded Extreme Networks from a “hold” rating to a “buy” rating in a report on Sunday, November 17th. Needham & Company LLC restated a “buy” rating and issued a $16.50 target price on shares of Extreme Networks in a research note on Thursday, August 8th. Craig Hallum upped their price target on Extreme Networks from $17.00 to $22.50 and gave the stock a “buy” rating in a research report on Thursday, October 31st. 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. Finally, Rosenblatt Securities restated a “buy” rating and set a $21.00 target price on shares of Extreme Networks in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Extreme Networks 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.