Trexquant Investment LP Decreases Stake in Extreme Networks, Inc. (NASDAQ:EXTR)

Trexquant Investment LP lessened its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 37.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 235,166 shares of the technology company's stock after selling 142,444 shares during the period. Trexquant Investment LP owned 0.18% of Extreme Networks worth $4,148,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP grew its holdings in shares of Extreme Networks by 4,924.4% in the 4th quarter. Allworth Financial LP now owns 2,060 shares of the technology company's stock valued at $36,000 after buying an additional 2,019 shares during the period. Tucker Asset Management LLC bought a new stake in Extreme Networks during the 3rd quarter worth about $41,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Extreme Networks in the 3rd quarter valued at about $91,000. Vinva Investment Management Ltd bought a new stake in shares of Extreme Networks in the 3rd quarter valued at about $162,000. Finally, Headlands Technologies LLC acquired a new position in Extreme Networks in the 3rd quarter valued at about $213,000. Institutional investors and hedge funds own 91.05% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. B. Riley increased their target price on shares of Extreme Networks from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, May 2nd. TheStreet downgraded shares of Extreme Networks from a "b-" rating to a "c+" rating in a research note on Tuesday, February 20th. StockNews.com cut shares of Extreme Networks from a "buy" rating to a "hold" rating in a report on Thursday, February 1st. Rosenblatt Securities upgraded shares of Extreme Networks from a "neutral" rating to a "buy" rating and raised their price target for the stock from $15.00 to $17.00 in a report on Thursday, May 2nd. Finally, UBS Group cut shares of Extreme Networks from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $22.00 to $14.00 in a report on Thursday, February 1st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.64.

Extreme Networks Trading Down 3.2 %

NASDAQ:EXTR traded down $0.36 during midday trading on Thursday, reaching $11.06. 1,563,251 shares of the stock traded hands, compared to its average volume of 2,180,020. The company has a fifty day moving average of $11.25 and a 200 day moving average of $13.94. Extreme Networks, Inc. has a 12 month low of $10.49 and a 12 month high of $32.73. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.61 and a current ratio of 0.96. The stock has a market capitalization of $1.44 billion, a P/E ratio of -158.00, a PEG ratio of 8.41 and a beta of 1.88.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.06). Extreme Networks had a positive return on equity of 37.36% and a negative net margin of 0.52%. The company had revenue of $211.04 million during the quarter, compared to the consensus estimate of $207.80 million. On average, research analysts predict that Extreme Networks, Inc. will post 0.08 EPS for the current year.

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.