The Manufacturers Life Insurance Company grew its position in Extreme Networks, Inc. (NASDAQ:EXTR) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,882 shares of the technology company’s stock after buying an additional 3,319 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Extreme Networks worth $782,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Extreme Networks by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,040,988 shares of the technology company’s stock valued at $74,138,000 after buying an additional 830,103 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Extreme Networks by 30.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,649,429 shares of the technology company’s stock worth $19,897,000 after purchasing an additional 618,989 shares during the period. State Street Corp boosted its position in shares of Extreme Networks by 4.7% during the 2nd quarter. State Street Corp now owns 2,307,153 shares of the technology company’s stock worth $21,273,000 after purchasing an additional 102,591 shares during the period. FMR LLC boosted its position in shares of Extreme Networks by 57.9% during the 2nd quarter. FMR LLC now owns 2,130,799 shares of the technology company’s stock worth $19,647,000 after purchasing an additional 781,130 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Extreme Networks by 474.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,593,826 shares of the technology company’s stock worth $14,695,000 after purchasing an additional 1,316,604 shares during the period. 77.65% of the stock is owned by institutional investors and hedge funds.

Extreme Networks, Inc. (EXTR) opened at $12.83 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 1.09. Extreme Networks, Inc. has a 1 year low of $4.17 and a 1 year high of $13.20. The company has a market cap of $1,341.76, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 1.25 and a beta of 1.13.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.16 earnings per share 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 for the quarter, compared to analyst estimates of $203.86 million. During the same period last year, the business earned $0.07 EPS. The company’s revenue was up 72.5% on a year-over-year basis. equities research analysts forecast that Extreme Networks, Inc. will post 0.56 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on the stock. BidaskClub cut shares of Extreme Networks from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Friday, August 18th. Needham & Company LLC reaffirmed a “buy” rating on shares of Extreme Networks in a research report on Friday, November 10th. Craig Hallum reaffirmed a “buy” rating and set a $17.00 price objective (up previously from $12.50) on shares of Extreme Networks in a research report on Wednesday, November 8th. Finally, ValuEngine cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $13.25.

In related news, insider Edward Meyercord sold 100,000 shares of Extreme Networks stock in a transaction on Monday, August 21st. The shares were sold at an average price of $10.52, for a total transaction of $1,052,000.00. Following the sale, the insider now directly owns 471,653 shares in the company, valued at approximately $4,961,789.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathleen M. Holmgren purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were bought at an average price of $11.49 per share, for a total transaction of $57,450.00. Following the completion of the purchase, the director now directly owns 36,662 shares in the company, valued at $421,246.38. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by company insiders.

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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.

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

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