OneDigital Investment Advisors LLC Has $418,000 Stock Position in Extreme Networks, Inc. (NASDAQ:EXTR)

OneDigital Investment Advisors LLC trimmed its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 64.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,974 shares of the technology company's stock after selling 45,867 shares during the period. OneDigital Investment Advisors LLC's holdings in Extreme Networks were worth $418,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Extreme Networks by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 17,919,069 shares of the technology company's stock worth $299,965,000 after acquiring an additional 690,262 shares in the last quarter. Geode Capital Management LLC increased its stake in Extreme Networks by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,068,854 shares of the technology company's stock valued at $51,385,000 after acquiring an additional 49,888 shares during the period. American Century Companies Inc. increased its position in shares of Extreme Networks by 11.4% during the fourth quarter. American Century Companies Inc. now owns 2,837,171 shares of the technology company's stock valued at $47,494,000 after purchasing an additional 290,184 shares during the period. Trigran Investments Inc. raised its stake in shares of Extreme Networks by 4.1% in the 4th quarter. Trigran Investments Inc. now owns 2,384,325 shares of the technology company's stock valued at $39,914,000 after buying an additional 94,508 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in Extreme Networks by 397,835.5% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,276,191 shares of the technology company's stock worth $38,103,000 after purchasing an additional 2,275,619 shares in the last quarter. 91.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Edward Meyercord sold 35,725 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $15.39, for a total value of $549,807.75. Following the sale, the chief executive officer now owns 1,478,941 shares in the company, valued at approximately $22,760,901.99. This represents a 2.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EXTR shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $18.00 price target on shares of Extreme Networks in a report on Thursday. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price objective on shares of Extreme Networks in a research report on Wednesday. UBS Group lowered their target price on Extreme Networks from $16.50 to $15.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Lake Street Capital cut their price target on Extreme Networks from $16.00 to $15.00 and set a "hold" rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Extreme Networks has a consensus rating of "Moderate Buy" and a consensus target price of $18.58.

Extreme Networks Stock Up 1.3 %

NASDAQ:EXTR traded up $0.18 on Friday, hitting $13.99. 1,070,059 shares of the company's stock were exchanged, compared to its average volume of 1,456,517. The firm has a 50-day moving average price of $13.37 and a 200-day moving average price of $15.35. Extreme Networks, Inc. has a 52 week low of $10.10 and a 52 week high of $19.24. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.93 and a quick ratio of 0.68. The company has a market cap of $1.86 billion, a P/E ratio of -14.88, a price-to-earnings-growth ratio of 3.06 and a beta of 1.57.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last released its earnings results on Wednesday, April 30th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. The business had revenue of $284.51 million for the quarter, compared to analyst estimates of $280.32 million. Extreme Networks had a negative return on equity of 110.86% and a negative net margin of 11.98%. Extreme Networks's revenue was up 34.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.19) earnings per share. As a group, analysts expect that Extreme Networks, Inc. will post 0.31 EPS for the current fiscal year.

Extreme Networks announced that its board has authorized a stock buyback program on Tuesday, February 18th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the technology company to purchase up to 9.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

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.