Prudential Financial Inc. reduced its holdings in Extreme Networks, Inc (NASDAQ:EXTR) by 19.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 287,060 shares of the technology company’s stock after selling 67,130 shares during the quarter. Prudential Financial Inc. owned 0.25% of Extreme Networks worth $3,414,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Amalgamated Bank increased its holdings in shares of Extreme Networks by 10.9% in the second quarter. Amalgamated Bank now owns 14,049 shares of the technology company’s stock worth $130,000 after acquiring an additional 1,378 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Extreme Networks by 13.0% in the second quarter. Ameritas Investment Partners Inc. now owns 13,584 shares of the technology company’s stock worth $124,000 after acquiring an additional 1,565 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Extreme Networks by 7.4% during the second quarter. Legal & General Group Plc now owns 26,483 shares of the technology company’s stock worth $245,000 after buying an additional 1,819 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Extreme Networks by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 84,882 shares of the technology company’s stock worth $782,000 after buying an additional 3,319 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Extreme Networks by 7.8% during the second quarter. Voya Investment Management LLC now owns 51,883 shares of the technology company’s stock worth $478,000 after buying an additional 3,773 shares in the last quarter. Institutional investors own 80.64% of the company’s stock.

Extreme Networks, Inc (NASDAQ:EXTR) opened at $12.91 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1,457.45, a PE ratio of 29.88, a P/E/G ratio of 1.25 and a beta of 1.14. Extreme Networks, Inc has a fifty-two week low of $4.25 and a fifty-two week high of $14.34.

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

A number of research analysts recently issued reports on EXTR shares. Craig Hallum reiterated 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. ValuEngine upgraded Extreme Networks from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Needham & Company LLC reiterated a “buy” rating on shares of Extreme Networks in a report on Friday, November 10th. Zacks Investment Research downgraded Extreme Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, BidaskClub upgraded Extreme Networks from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $13.25.

In other Extreme Networks news, Director Raj Khanna sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $13.81, for a total value of $138,100.00. Following the completion of the transaction, the director now directly owns 99,523 shares in the company, valued at $1,374,412.63. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles Carinalli sold 20,000 shares of the firm’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 value of $258,200.00. The disclosure for this sale can be found here. 1.90% of the stock is 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.

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

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