29 Nov VP Jonathan Cartu Claims – New York State Teachers Retirement System Acquires 3,800…
New York State Teachers Retirement System lifted its stake in shares of Extreme Networks, Inc (NASDAQ:EXTR) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,794 shares of the technology company’s stock after buying an additional 3,800 shares during the quarter. New York State Teachers Retirement System’s holdings in Extreme Networks were worth $370,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of EXTR. Rhumbline Advisers boosted its position in Extreme Networks by 2.9% during the 3rd quarter. Rhumbline Advisers now owns 349,628 shares of the technology company’s stock worth $2,544,000 after acquiring an additional 9,740 shares during the period. Alberta Investment Management Corp acquired a new stake in Extreme Networks during the 3rd quarter worth about $757,000. Robeco Institutional Asset Management B.V. acquired a new stake in Extreme Networks during the 3rd quarter worth about $274,000. State of Alaska Department of Revenue boosted its position in Extreme Networks by 129.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 92,775 shares of the technology company’s stock worth $674,000 after acquiring an additional 52,351 shares during the period. Finally, Atria Investments LLC acquired a new stake in Extreme Networks during the 2nd quarter worth about $154,000. Institutional investors and hedge funds own 81.09% of the company’s stock.
In other news, CRO Robert J. Gault sold 39,584 shares of the business’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 sale, the executive now directly owns 294,797 shares in the company, valued at $2,278,780.81. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.62% of the company’s stock.
A number of brokerages have commented on EXTR. BidaskClub lowered Extreme Networks from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. ValuEngine upgraded Extreme Networks from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Zacks Investment Research lowered Extreme Networks from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $10.00.
NASDAQ EXTR traded up $0.15 during trading on Thursday, hitting $7.05. The company’s stock had a trading volume of 956,087 shares, compared to its average volume of 1,896,447. The company has a quick ratio of 0.86, a current ratio of 1.06 and a debt-to-equity ratio of 4.42. The firm has a 50 day moving average price of $6.95 and a 200 day moving average price of $6.81. The firm has a market cap of $857.07 million, a P/E ratio of 54.23 and a beta of 1.66. Extreme Networks, Inc has a 52 week low of $5.09 and a 52 week high of $8.59.
Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. The business had revenue of $255.51 million for the quarter, compared to analysts’ expectations of $253.26 million. Extreme Networks had a positive return on equity of 10.49% and a negative net margin of 5.39%. Extreme Networks’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.08 earnings per share. On average, equities analysts expect that Extreme Networks, Inc will post 0.36 earnings per share for the current year.
About Extreme Networks
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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