BNP Paribas Arbitrage SA reduced its holdings in Extreme Networks, Inc (NASDAQ:EXTR) by 98.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,216 shares of the technology company’s stock after selling 845,718 shares during the period. BNP Paribas Arbitrage SA’s holdings in Extreme Networks were worth $133,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. acquired a new stake in Extreme Networks in the 2nd quarter valued at $101,000. Howe & Rusling Inc. increased its stake in shares of Extreme Networks by 2,623.5% during the 3rd quarter. Howe & Rusling Inc. now owns 11,357 shares of the technology company’s stock worth $135,000 after purchasing an additional 10,940 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Extreme Networks during the 2nd quarter worth about $116,000. Ameritas Investment Partners Inc. increased its stake in shares of Extreme Networks by 13.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,584 shares of the technology company’s stock worth $124,000 after purchasing an additional 1,565 shares during the last quarter. Finally, Amalgamated Bank increased its stake in shares of Extreme Networks by 10.9% during the 2nd quarter. Amalgamated Bank now owns 14,049 shares of the technology company’s stock worth $130,000 after purchasing an additional 1,378 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

In related news, Director Raj Khanna sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $13.81, for a total value of $138,100.00. Following the transaction, the director now owns 99,523 shares in the company, valued at approximately $1,374,412.63. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Charles Carinalli sold 20,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $12.91, for a total transaction of $258,200.00. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

EXTR has been the topic of several recent analyst reports. ValuEngine upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Extreme Networks from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Craig Hallum restated a “buy” rating and set a $17.00 price objective (up from $12.50) on shares of Extreme Networks in a research note on Wednesday, November 8th. Finally, Needham & Company LLC restated a “buy” rating on shares of Extreme Networks in a research note on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Extreme Networks presently has an average rating of “Buy” and an average price target of $13.25.

Extreme Networks, Inc (NASDAQ:EXTR) opened at $12.02 on Friday. The firm has a market cap of $1,399.60, a PE ratio of 28.70, a PEG ratio of 1.20 and a beta of 1.14. Extreme Networks, Inc has a 52 week low of $4.91 and a 52 week high of $14.34. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.09 and a current ratio of 1.31.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $211.72 million for the quarter, compared to analyst estimates of $203.86 million. Extreme Networks had a net margin of 0.34% and a return on equity of 46.58%. Extreme Networks’s revenue for the quarter was up 72.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS. research analysts predict that Extreme Networks, Inc will post 0.6 earnings per share for the current fiscal year.

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About Extreme Networks

Extreme Networks, Inc is a provider of network infrastructure equipment. The Company markets its products to business, governmental, healthcare, service provider and educational customers with a focus on corporate enterprises and metropolitan service providers on a global basis. The Company operates through the development and marketing of network infrastructure equipment segment.

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Institutional Ownership by Quarter for Extreme Networks (NASDAQ:EXTR)

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