Extreme Networks Inc Stock as Institutional Investors Enter

Henrietta Strickland
November 14, 2017

EXTR was included in 10 notes of analysts from August 7, 2015. The rating was downgraded by BNP Paribas on Friday, May 26 to "Underperform". Also, Director Kathleen M. Holmgren acquired 5,000 shares of the company's stock in a transaction on Wednesday, August 30th. The firm has "Outperform" rating by Macquarie Research given on Monday, December 21. The firm has "Equal-Weight" rating given on Wednesday, October 28 by Stephens.

The Details: Extreme Networks, Inc. About 1.44 million shares traded or 9.09% up from the average. It has outperformed by 140.98% the S&P500. (NASDAQ:EXTR) had a closing price of $11.56 yesterday.

Extreme Networks Inc. (EXTR) has the market capitalization of $1.33 Billion. The stock exchanged hands 1.45 Million shares versus average trading capacity of 1.62 Million shares, yielding a market cap of $1.29 Billion. 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. It has a 737.88 P/E ratio. The Company operates through the development and marketing of network infrastructure equipment segment. Therefore 100% are positive.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Extreme Networks (NASDAQ:EXTR) high price target of $17 and with a conservative view have low price target of $14.85.

When selecting potential stocks to buy, many investors want to find out what Wall Street professionals are thinking about the company beforehand - like what the average analyst rating is. Howe & Rusling Inc. lifted its position in Extreme Networks by 2,623.5% in the third quarter. The firm has "Buy" rating given on Thursday, September 10 by Wunderlich. The firm has "Buy" rating by Craig Hallum given on Wednesday, November 8. Wunderlich maintained the stock with "Buy" rating in Thursday, September 15 report. DA Davidson also issued estimates for Extreme Networks' Q3 2019 earnings at $0.22 EPS and FY2019 earnings at $0.82 EPS. The investor is now holding $491694 shares due in part to a decrease of 82167 new shares in their portfolio. The company has Beta Value of 1.13 and ATR value of 0.5. Zacks Investment Management holds 0.02% or 67,311 shares in its portfolio. Utd Svcs Automobile Association stated it has 0.01% in Extreme Networks, Inc (NASDAQ:EXTR). Ameritas Investment Partners Inc. boosted its position in shares of Extreme Networks by 13.0% in the 2nd quarter. Extreme Networks has a 1 year low of $4.17 and a 1 year high of $13.20. (NYSE:GPI). Qs Invsts Ltd Llc invested 0% of its portfolio in Group 1 Automotive, Inc. Following the transaction, the insider now directly owns 561,639 shares of the company's stock, valued at $2,808,195. S&Co owns 0.04% invested in Iqvia Holdings Inc (NYSE:Q) for 3,000 shares. Amalgamated National Bank & Trust owns 0% invested in Extreme Networks, Inc (NASDAQ:EXTR) for 14,049 shares. Price T Rowe Associates Inc Md invested in 59,300 shares. More interesting news about Extreme Networks, Inc (NASDAQ:EXTR) were released by: Businesswire.com and their article: "Extreme Networks Names Jenne, Inc.as its 2017 North American Distributor of ..." published on November 03, 2017 as well as Prnewswire.com's news article titled: "Extreme Networks Reports First Quarter Fiscal Year 2018 Financial Results" with publication date: November 07, 2017. Earnings, with 4 analysts believing the company would generate an Average Estimate of $0.12. GPI's profit will be $38.52 million for 10.51 P/E if the $1.85 EPS becomes a reality. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02.

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $1.29 million activity. Ratan Capital Mgmt Lp, New York-based fund reported 1.20 million shares. About 1.46M shares traded or 10.61% up from the average.

It is down 157.68% since November 14, 2016 and is uptrending.

Investors sentiment decreased to 1.22 in Q2 2017. Its up 0.06, from 0.97 in 2017Q1.

A number of institutional investors have recently modified their holdings of the business. 61 funds opened positions while 101 raised stakes. 638,488 were reported by Amp Capital Investors. Incorporated invested 0.1% in Netflix, Inc. Its down 18.19% from 2.98M shares previously. Retirement Of Alabama accumulated 0.59% or 1.05M shares. (NYSE:GPI) for 50 shares. Sfe Invest Counsel owns 4,365 shares. Synovus Fincl Corp holds 0% of its portfolio in Iqvia Holdings Inc (NYSE:Q) for 2,500 shares. 4,069 are owned by Telemus Ltd Liability Co. (NYSE:GPI). Suntrust Banks reported 0% stake. Numeric Invsts Limited Liability Company reported 3,962 shares. Citigroup Inc owns 473 shares for 0% of their portfolio. 64,004 are held by Gotham Asset Management Limited. Moreover, Barclays Public Limited has 0.18% invested in Chevron Corporation (NYSE:CVX).

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