Aperio Group LLC Has $100,000 Stake in Extreme Networks, Inc. (EXTR)

Aperio Group LLC increased its stake in Extreme Networks, Inc. (NASDAQ:EXTR) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,862 shares of the technology company’s stock after buying an additional 22 shares during the period. Aperio Group LLC’s holdings in Extreme Networks were worth $100,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in Extreme Networks by 7.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,500 shares of the technology company’s stock worth $229,000 after purchasing an additional 2,000 shares during the period. Nordea Investment Management AB lifted its holdings in Extreme Networks by 12.5% in the first quarter. Nordea Investment Management AB now owns 27,088 shares of the technology company’s stock worth $203,000 after purchasing an additional 3,000 shares during the period. Bank of America Corp DE lifted its holdings 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 worth $138,000 after purchasing an additional 4,118 shares during the period. American International Group Inc. lifted its holdings in Extreme Networks by 7.1% in the first quarter. American International Group Inc. now owns 63,648 shares of the technology company’s stock worth $478,000 after purchasing an additional 4,207 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in Extreme Networks by 7.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 72,974 shares of the technology company’s stock worth $548,000 after purchasing an additional 4,953 shares during the period. Hedge funds and other institutional investors own 81.87% of the company’s stock.

Shares of Extreme Networks, Inc. (EXTR) traded down 1.50% on Friday, hitting $11.16. The company had a trading volume of 778,179 shares. Extreme Networks, Inc. has a 12-month low of $3.79 and a 12-month high of $11.90. The company’s market capitalization is $1.23 billion. The firm has a 50-day moving average price of $10.27 and a 200 day moving average price of $8.87.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data on Monday, August 14th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Extreme Networks had a negative net margin of 1.42% and a positive return on equity of 43.34%. The business had revenue of $178.70 million for the quarter, compared to the consensus estimate of $171.96 million. During the same period in the prior year, the business posted $0.10 EPS. Extreme Networks’s quarterly revenue was up 28.0% on a year-over-year basis. Equities analysts expect that Extreme Networks, Inc. will post $0.70 EPS for the current year.

In other news, insider Edward Meyercord sold 100,000 shares of Extreme Networks stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $10.52, for a total value of $1,052,000.00. Following the transaction, the insider now owns 471,653 shares in the company, valued at $4,961,789.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kathleen M. Holmgren acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was bought at an average price of $11.49 per share, for a total transaction of $57,450.00. Following the acquisition, the director now owns 36,662 shares of the company’s stock, valued at approximately $421,246.38. The disclosure for this purchase can be found here. Insiders own 1.91% of the company’s stock.

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A number of brokerages have weighed in on EXTR. ValuEngine upgraded Extreme Networks from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Extreme Networks from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Friday, August 18th. BidaskClub upgraded Extreme Networks from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Needham & Company LLC boosted their price objective on Extreme Networks from $12.50 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, August 15th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $9.10.

About Extreme Networks

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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