Extreme Networks, Inc. (NASDAQ:EXTR) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 54.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 217,148 shares of the technology company's stock after selling 264,056 shares during the period. Russell Investments Group Ltd. owned about 0.17% of Extreme Networks worth $3,830,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Extreme Networks by 17.0% during the third quarter. Vanguard Group Inc. now owns 12,895,107 shares of the technology company's stock valued at $312,191,000 after purchasing an additional 1,877,727 shares during the period. Raymond James & Associates boosted its position in Extreme Networks by 4.1% during the 4th quarter. Raymond James & Associates now owns 540,028 shares of the technology company's stock valued at $9,526,000 after buying an additional 21,203 shares during the period. Pacer Advisors Inc. grew its holdings in Extreme Networks by 167,176.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,409,102 shares of the technology company's stock worth $60,137,000 after acquiring an additional 3,407,064 shares during the last quarter. Knights of Columbus Asset Advisors LLC purchased a new position in shares of Extreme Networks in the fourth quarter valued at about $1,613,000. Finally, Loomis Sayles & Co. L P bought a new position in shares of Extreme Networks during the third quarter valued at about $31,284,000. Hedge funds and other institutional investors own 91.05% of the company's stock.

Wall Street Analyst Weigh In

EXTR has been the topic of a number of research analyst reports. StockNews.com downgraded Extreme Networks from a "buy" rating to a "hold" rating in a report on Thursday, February 1st. TheStreet cut shares of Extreme Networks from a "b-" rating to a "c+" rating in a research report on Tuesday, February 20th. Craig Hallum lowered their price objective on shares of Extreme Networks from $15.00 to $13.00 and set a "hold" rating for the company in a report on Thursday, May 2nd. B. Riley upped their target price on Extreme Networks from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, May 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $16.50 price target on shares of Extreme Networks in a research note on Wednesday, May 1st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $20.50.

Extreme Networks Stock Up 2.2 %

NASDAQ:EXTR traded up $0.23 on Friday, reaching $10.81. 2,133,531 shares of the stock traded hands, compared to its average volume of 2,571,459. The company's fifty day simple moving average is $11.35 and its 200 day simple moving average is $14.34. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -154.43, a PEG ratio of 7.95 and a beta of 1.88. Extreme Networks, Inc. has a 12 month low of $10.49 and a 12 month high of $32.73. The company has a current ratio of 0.96, a quick ratio of 0.61 and a debt-to-equity ratio of 2.78.

About Extreme Networks

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.