Extreme Networks, Inc. $EXTR Stock Holdings Increased by Northern Trust Corp

Northern Trust Corp lifted its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,494,018 shares of the technology company's stock after buying an additional 11,905 shares during the quarter. Northern Trust Corp owned approximately 1.12% of Extreme Networks worth $19,766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Extreme Networks by 2.3% during the first quarter. Vanguard Group Inc. now owns 18,325,419 shares of the technology company's stock worth $242,445,000 after buying an additional 406,350 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Extreme Networks by 13.9% during the first quarter. Victory Capital Management Inc. now owns 5,012,386 shares of the technology company's stock worth $66,314,000 after buying an additional 611,462 shares in the last quarter. Trigran Investments Inc. grew its position in shares of Extreme Networks by 30.3% during the first quarter. Trigran Investments Inc. now owns 3,106,446 shares of the technology company's stock worth $41,098,000 after buying an additional 722,121 shares in the last quarter. American Century Companies Inc. lifted its holdings in Extreme Networks by 1.2% during the 1st quarter. American Century Companies Inc. now owns 2,871,898 shares of the technology company's stock worth $37,995,000 after buying an additional 34,727 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in Extreme Networks by 397,835.5% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,276,191 shares of the technology company's stock valued at $38,103,000 after purchasing an additional 2,275,619 shares during the last quarter. Institutional investors and hedge funds own 91.05% of the company's stock.

Extreme Networks Price Performance

NASDAQ EXTR traded down $0.77 on Friday, reaching $21.68. The company's stock had a trading volume of 1,054,981 shares, compared to its average volume of 1,260,303. Extreme Networks, Inc. has a twelve month low of $10.10 and a twelve month high of $22.63. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.74 and a current ratio of 0.91. The stock has a market cap of $2.89 billion, a PE ratio of -434.38, a PEG ratio of 2.28 and a beta of 1.84. The firm's 50 day moving average is $19.09 and its two-hundred day moving average is $16.17.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. Extreme Networks had a negative net margin of 0.65% and a positive return on equity of 82.47%. The company had revenue of $307.00 million during the quarter, compared to the consensus estimate of $299.88 million. During the same period in the prior year, the company earned ($0.08) EPS. Extreme Networks's revenue was up 19.6% on a year-over-year basis. As a group, sell-side analysts predict that Extreme Networks, Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Extreme Networks

In related news, CFO Kevin R. Rhodes sold 14,000 shares of Extreme Networks stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $21.52, for a total value of $301,280.00. Following the transaction, the chief financial officer directly owned 126,202 shares in the company, valued at $2,715,867.04. The trade was a 9.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Raj Khanna sold 15,000 shares of Extreme Networks stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $19.91, for a total value of $298,650.00. Following the completion of the transaction, the director owned 216,708 shares in the company, valued at $4,314,656.28. The trade was a 6.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 149,450 shares of company stock valued at $2,838,234 over the last 90 days. Insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EXTR. Lake Street Capital upgraded shares of Extreme Networks from a "hold" rating to a "buy" rating and set a $24.00 target price for the company in a research note on Thursday, August 7th. UBS Group upped their price target on shares of Extreme Networks from $15.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Rosenblatt Securities upped their price target on shares of Extreme Networks from $20.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Needham & Company LLC lifted their target price on Extreme Networks from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, Wall Street Zen raised Extreme Networks from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $22.92.

Extreme Networks Company 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.