SkyView Investment Advisors LLC Increases Holdings in Extreme Networks, Inc. (NASDAQ:EXTR)

SkyView Investment Advisors LLC boosted its position in Extreme Networks, Inc. (NASDAQ:EXTR) by 8.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,439 shares of the technology company’s stock after purchasing an additional 8,131 shares during the period. SkyView Investment Advisors LLC owned about 0.08% of Extreme Networks worth $1,525,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in shares of Extreme Networks by 318.7% in the third quarter. Victory Capital Management Inc. now owns 4,466,031 shares of the technology company’s stock valued at $67,124,000 after buying an additional 3,399,288 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Extreme Networks in the 2nd quarter valued at about $25,409,000. Rubric Capital Management LP increased its holdings in Extreme Networks by 52.3% during the 2nd quarter. Rubric Capital Management LP now owns 5,254,744 shares of the technology company’s stock valued at $70,676,000 after acquiring an additional 1,804,744 shares in the last quarter. Portolan Capital Management LLC lifted its holdings in shares of Extreme Networks by 194.6% in the third quarter. Portolan Capital Management LLC now owns 1,060,828 shares of the technology company’s stock valued at $15,944,000 after purchasing an additional 700,724 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Extreme Networks by 265.8% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 731,500 shares of the technology company’s stock valued at $9,839,000 after purchasing an additional 531,500 shares during the last quarter. 91.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Edward Meyercord sold 35,725 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $14.75, for a total value of $526,943.75. Following the transaction, the chief executive officer now directly owns 1,448,378 shares in the company, valued at $21,363,575.50. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles Carinalli sold 5,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $16.06, for a total transaction of $80,300.00. Following the sale, the director now directly owns 371,793 shares of the company’s stock, valued at approximately $5,970,995.58. This trade represents a 1.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,450 shares of company stock valued at $1,390,490. Insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EXTR shares. B. Riley lifted their price objective on Extreme Networks from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. StockNews.com downgraded Extreme Networks from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. Craig Hallum lifted their price objective on Extreme Networks from $17.00 to $22.50 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $21.00 target price on shares of Extreme Networks in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Extreme Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Extreme Networks Trading Up 1.4 %

NASDAQ EXTR opened at $17.78 on Thursday. The company has a market cap of $2.35 billion, a P/E ratio of -18.33, a P/E/G ratio of 3.81 and a beta of 1.76. Extreme Networks, Inc. has a 12 month low of $10.49 and a 12 month high of $18.77. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.63. The company has a 50-day moving average of $15.84 and a 200-day moving average of $14.40.

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.