Westover Capital Advisors LLC Raises Stock Holdings in Extreme Networks, Inc. (NASDAQ:EXTR)

Westover Capital Advisors LLC increased its holdings in Extreme Networks, Inc. (NASDAQ:EXTR) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 171,110 shares of the technology company’s stock after buying an additional 9,250 shares during the period. Extreme Networks makes up approximately 1.0% of Westover Capital Advisors LLC’s holdings, making the stock its 26th largest holding. Westover Capital Advisors LLC’s holdings in Extreme Networks were worth $3,018,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Meritage Portfolio Management boosted its holdings in shares of Extreme Networks by 5.5% in the third quarter. Meritage Portfolio Management now owns 12,341 shares of the technology company’s stock valued at $299,000 after acquiring an additional 638 shares in the last quarter. Nordea Investment Management AB lifted its position in Extreme Networks by 0.3% in the third quarter. Nordea Investment Management AB now owns 228,483 shares of the technology company’s stock valued at $5,596,000 after purchasing an additional 779 shares during the period. Handelsbanken Fonder AB boosted its holdings in Extreme Networks by 3.9% in the 4th quarter. Handelsbanken Fonder AB now owns 24,000 shares of the technology company’s stock valued at $423,000 after purchasing an additional 900 shares in the last quarter. SkyView Investment Advisors LLC increased its position in Extreme Networks by 2.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 55,274 shares of the technology company’s stock worth $1,338,000 after purchasing an additional 1,374 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Extreme Networks by 53.1% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,980 shares of the technology company’s stock worth $97,000 after buying an additional 1,380 shares in the last quarter. 91.05% of the stock is owned by institutional investors and hedge funds.

Extreme Networks Trading Up 0.7 %

Shares of Extreme Networks stock traded up $0.08 during trading hours on Thursday, reaching $11.53. 3,137,221 shares of the company’s stock were exchanged, compared to its average volume of 2,112,430. Extreme Networks, Inc. has a 52-week low of $10.57 and a 52-week high of $32.73. The company has a fifty day moving average of $11.57 and a 200-day moving average of $14.91. The company has a current ratio of 1.02, a quick ratio of 0.74 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 3.99 and a beta of 1.88.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The business had revenue of $296.38 million during the quarter, compared to analyst estimates of $295.50 million. Extreme Networks had a return on equity of 98.24% and a net margin of 5.96%. Sell-side analysts forecast that Extreme Networks, Inc. will post 0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. B. Riley increased their price target on shares of Extreme Networks from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday. UBS Group cut Extreme Networks from a “buy” rating to a “neutral” rating and dropped their price target for the company from $22.00 to $14.00 in a research report on Thursday, February 1st. Craig Hallum lowered their price objective on shares of Extreme Networks from $15.00 to $13.00 and set a “hold” rating on the stock in a research note on Thursday. TheStreet cut shares of Extreme Networks from a “b-” rating to a “c+” rating in a research report on Tuesday, February 20th. Finally, Rosenblatt Securities upgraded shares of Extreme Networks from a “neutral” rating to a “buy” rating and increased their price target for the company from $15.00 to $17.00 in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $20.50.

About Extreme Networks

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.