Cramer Rosenthal Mcglynn LLC decreased its holdings in shares of Extreme Networks, Inc (NASDAQ:EXTR) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,484,110 shares of the technology company’s stock after selling 37,485 shares during the period. Cramer Rosenthal Mcglynn LLC owned 1.31% of Extreme Networks worth $17,646,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXTR. PNC Financial Services Group Inc. bought a new position in Extreme Networks during the 2nd quarter valued at approximately $101,000. BlueCrest Capital Management Ltd bought a new position in Extreme Networks during the 2nd quarter valued at approximately $116,000. SG Americas Securities LLC bought a new position in Extreme Networks during the 3rd quarter valued at approximately $116,000. Ameritas Investment Partners Inc. raised its position in Extreme Networks by 13.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,584 shares of the technology company’s stock valued at $124,000 after purchasing an additional 1,565 shares during the last quarter. Finally, Amalgamated Bank raised its position in Extreme Networks by 10.9% during the 2nd quarter. Amalgamated Bank now owns 14,049 shares of the technology company’s stock valued at $130,000 after purchasing an additional 1,378 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

In other news, Director Raj Khanna sold 10,000 shares of the 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 owns 99,523 shares of the company’s stock, valued at approximately $1,374,412.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles Carinalli sold 20,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was 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 currently owned by corporate insiders.

A number of research analysts have commented on the company. ValuEngine lowered Extreme Networks from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub raised Extreme Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research raised Extreme Networks from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Friday, August 18th. Needham & Company LLC upped their price target on Extreme Networks from $12.50 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, August 15th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $17.00 price target (up previously from $12.50) on shares of Extreme Networks in a research report on Wednesday, November 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $13.25.

Extreme Networks, Inc (NASDAQ EXTR) opened at $12.92 on Wednesday. Extreme Networks, Inc has a 52-week low of $4.36 and a 52-week high of $14.34. The stock has a market capitalization of $1,443.84, a P/E ratio of 29.60, a PEG ratio of 1.24 and a beta of 1.14. 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 (NASDAQ:EXTR) last announced its earnings results on Tuesday, November 7th. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Extreme Networks had a return on equity of 46.58% and a net margin of 0.34%. The firm had revenue of $211.72 million during the quarter, compared to analyst estimates of $203.86 million. During the same quarter in the prior year, the company earned $0.07 EPS. The business’s revenue was up 72.5% compared to the same quarter last year. research analysts expect that Extreme Networks, Inc will post 0.6 earnings per share 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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