California Public Employees Retirement System grew its position in Extreme Networks, Inc (NASDAQ:EXTR) by 4.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 346,012 shares of the technology company’s stock after buying an additional 14,712 shares during the period. California Public Employees Retirement System’s holdings in Extreme Networks were worth $4,114,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of EXTR. Cramer Rosenthal Mcglynn LLC purchased a new position in Extreme Networks in the second quarter worth about $14,029,000. Goldman Sachs Group Inc. raised its holdings in Extreme Networks by 474.9% in the second quarter. Goldman Sachs Group Inc. now owns 1,593,826 shares of the technology company’s stock worth $14,695,000 after buying an additional 1,316,604 shares during the last quarter. Ratan Capital Management LP purchased a new position in Extreme Networks in the second quarter worth about $11,106,000. Vanguard Group Inc. raised its holdings in shares of Extreme Networks by 11.5% during the second quarter. Vanguard Group Inc. now owns 8,040,988 shares of the technology company’s stock valued at $74,138,000 after purchasing an additional 830,103 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Extreme Networks by 57.9% during the second quarter. FMR LLC now owns 2,130,799 shares of the technology company’s stock valued at $19,647,000 after purchasing an additional 781,130 shares during the last quarter. 80.87% of the stock is owned by institutional investors and hedge funds.

In other Extreme Networks news, Director Charles Carinalli sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $12.91, for a total transaction of $258,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raj Khanna sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $13.81, for a total transaction of $138,100.00. Following the sale, the director now directly owns 99,523 shares of the company’s stock, valued at $1,374,412.63. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

EXTR has been the subject of several research reports. ValuEngine cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research cut shares of Extreme Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. Cowen initiated coverage on shares of Extreme Networks in a report on Wednesday, December 20th. They set an “outperform” rating and a $16.00 price objective for the company. Craig Hallum reissued a “buy” rating and set a $17.00 price objective (up from $12.50) on shares of Extreme Networks in a report on Wednesday, November 8th. Finally, JMP Securities initiated coverage on shares of Extreme Networks in a report on Wednesday, January 3rd. They set an “outperform” rating and a $16.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.17.

Extreme Networks, Inc (NASDAQ EXTR) opened at $12.80 on Thursday. Extreme Networks, Inc has a twelve month low of $5.22 and a twelve month high of $14.34. The firm has a market cap of $1,450.00, a P/E ratio of 640.00, a PEG ratio of 1.31 and a beta of 1.14. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 1.11.

Extreme Networks (NASDAQ:EXTR) last announced its earnings results on Tuesday, November 7th. The technology company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. Extreme Networks had a net margin of 0.34% and a return on equity of 46.58%. The business had revenue of $211.72 million during the quarter, compared to analysts’ expectations of $203.86 million. During the same period in the prior year, the company earned $0.07 earnings per share. The firm’s revenue was up 72.5% on a year-over-year basis. analysts anticipate that Extreme Networks, Inc will post 0.6 EPS for the current fiscal year.

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Extreme Networks Company 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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