07 Dec President Jon Cartu Publishes – Barclays PLC Sells 2,356 Shares of Extreme Networks, Inc…
Barclays PLC trimmed its holdings in shares of Extreme Networks, Inc (NASDAQ:EXTR) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 221,946 shares of the technology company’s stock after selling 2,356 shares during the quarter. Barclays PLC owned 0.18% of Extreme Networks worth $1,615,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in EXTR. Texas Permanent School Fund increased its stake in Extreme Networks by 2.0% during the third quarter. Texas Permanent School Fund now owns 82,204 shares of the technology company’s stock worth $598,000 after acquiring an additional 1,608 shares during the last quarter. Ellington Management Group LLC boosted its holdings in shares of Extreme Networks by 7.5% in the 2nd quarter. Ellington Management Group LLC now owns 33,100 shares of the technology company’s stock worth $214,000 after purchasing an additional 2,300 shares during the period. Bank of America Corp DE boosted its holdings in shares of Extreme Networks by 1.0% in the 2nd quarter. Bank of America Corp DE now owns 228,009 shares of the technology company’s stock worth $1,475,000 after purchasing an additional 2,324 shares during the period. Comerica Bank boosted its holdings in shares of Extreme Networks by 2.4% in the 3rd quarter. Comerica Bank now owns 113,142 shares of the technology company’s stock worth $810,000 after purchasing an additional 2,608 shares during the period. Finally, Tyers Asset Management LLC increased its position in shares of Extreme Networks by 28.8% during the 2nd quarter. Tyers Asset Management LLC now owns 13,792 shares of the technology company’s stock valued at $89,000 after purchasing an additional 3,088 shares during the last quarter. Hedge funds and other institutional investors own 81.09% of the company’s stock.
A number of brokerages recently issued reports on EXTR. Zacks Investment Research downgraded Extreme Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. BidaskClub cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Finally, ValuEngine raised shares of Extreme Networks from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $10.00.
Shares of NASDAQ EXTR opened at $6.87 on Friday. The company has a debt-to-equity ratio of 4.42, a current ratio of 1.06 and a quick ratio of 0.86. The company has a market cap of $835.17 million, a P/E ratio of 52.85 and a beta of 1.68. Extreme Networks, Inc has a 1 year low of $5.09 and a 1 year high of $8.59. The firm has a 50-day simple moving average of $6.90 and a two-hundred day simple moving average of $6.84.
Extreme Networks (NASDAQ:EXTR) last released its earnings results on Wednesday, October 30th. The technology company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Extreme Networks had a positive return on equity of 10.49% and a negative net margin of 5.39%. The firm had revenue of $255.51 million for the quarter, compared to analysts’ expectations of $253.26 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts expect that Extreme Networks, Inc will post 0.36 EPS for the current year.
In related news, CRO Robert J. Gault sold 39,584 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.73, for a total transaction of $305,984.32. Following the completion of the sale, the executive now directly owns 294,797 shares of the company’s stock, valued at approximately $2,278,780.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.62% of the stock is currently owned by company insiders.
Extreme Networks Profile
Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. The company offers edge/access Ethernet switching systems that deliver Ethernet connectivity for edge of the network; aggregation/core Ethernet switching systems for aggregation, top-of-rack, and campus core environments; data center switching systems for enterprises and cloud data centers; and wireless access point products, as well as distributed Wi-Fi networks.
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