Cornerstone Capital Management Holdings LLC. lowered its position in shares of Extreme Networks, Inc (NASDAQ:EXTR) by 29.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 318,723 shares of the technology company’s stock after selling 130,000 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.28% of Extreme Networks worth $3,789,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE grew its position in Extreme Networks by 29.0% in the 1st quarter. Bank of America Corp DE now owns 18,318 shares of the technology company’s stock worth $138,000 after purchasing an additional 4,118 shares during the period. Great West Life Assurance Co. Can grew its position in Extreme Networks by 228.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 18,411 shares of the technology company’s stock worth $169,000 after purchasing an additional 12,811 shares during the period. First Trust Advisors LP purchased a new position in shares of Extreme Networks during the 2nd quarter worth $499,000. Rhumbline Advisers boosted its stake in shares of Extreme Networks by 5.3% during the 2nd quarter. Rhumbline Advisers now owns 121,920 shares of the technology company’s stock worth $1,124,000 after acquiring an additional 6,155 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Extreme Networks by 24.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 947,014 shares of the technology company’s stock worth $8,731,000 after acquiring an additional 185,996 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

EXTR has been the topic of several 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 cut shares of Extreme Networks from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Craig Hallum reiterated a “buy” rating and set a $17.00 price target (up previously from $12.50) on shares of Extreme Networks in a research note on Wednesday, November 8th. Finally, Needham & Company LLC reiterated 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 company. The company has an average rating of “Buy” and a consensus target price of $13.25.

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

Extreme Networks, Inc (NASDAQ EXTR) opened at $12.02 on Monday. The firm has a market cap of $1,360.00, a price-to-earnings ratio of 27.95, a P/E/G ratio of 1.17 and a beta of 1.14. Extreme Networks, Inc has a one year low of $4.91 and a one year 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 announced its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $211.72 million for the quarter, compared to analysts’ expectations of $203.86 million. Extreme Networks had a net margin of 0.34% and a return on equity of 46.58%. The business’s quarterly revenue was up 72.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 EPS. research analysts expect that Extreme Networks, Inc will post 0.6 earnings per share for the current year.

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Extreme Networks Profile

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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