Extreme Networks, Inc (EXTR) Holdings Reduced by Bank of Montreal Can
Bank of Montreal Can reduced its position in Extreme Networks, Inc (NASDAQ:EXTR) by 87.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 116,809 shares of the technology company’s stock after selling 840,766 shares during the quarter. Bank of Montreal Can’s holdings in Extreme Networks were worth $1,462,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Amalgamated Bank increased its holdings in Extreme Networks by 10.9% in the 2nd quarter. Amalgamated Bank now owns 14,049 shares of the technology company’s stock valued at $130,000 after buying an additional 1,378 shares during the period. Ameritas Investment Partners Inc. increased its holdings in Extreme Networks by 13.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,584 shares of the technology company’s stock valued at $124,000 after buying an additional 1,565 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Extreme Networks by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 84,882 shares of the technology company’s stock valued at $782,000 after purchasing an additional 3,319 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Extreme Networks by 7.8% during the 2nd quarter. Voya Investment Management LLC now owns 51,883 shares of the technology company’s stock valued at $478,000 after purchasing an additional 3,773 shares during the last quarter. Finally, Capital Advantage Inc. grew its holdings in shares of Extreme Networks by 15.8% during the 3rd quarter. Capital Advantage Inc. now owns 36,662 shares of the technology company’s stock valued at $436,000 after purchasing an additional 5,000 shares during the last quarter. 82.00% of the stock is currently owned by hedge funds and other institutional investors.
In other Extreme Networks news, Director Charles Carinalli sold 20,000 shares of the business’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 transaction of $258,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Raj Khanna sold 10,000 shares of the business’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 transaction of $138,100.00. Following the sale, the director now directly owns 99,523 shares in the company, valued at $1,374,412.63. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $231.12 million for the quarter, compared to analyst estimates of $241.49 million. Extreme Networks had a negative net margin of 2.72% and a positive return on equity of 44.24%. The firm’s revenue was up 47.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. research analysts anticipate that Extreme Networks, Inc will post 0.6 earnings per share for the current fiscal year.
EXTR has been the topic of several research reports. Craig Hallum reaffirmed a “buy” rating and set a $17.00 price target (up from $12.50) on shares of Extreme Networks in a report on Wednesday, November 8th. Zacks Investment Research raised shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Friday, November 10th. Needham & Company LLC reaffirmed a “buy” rating on shares of Extreme Networks in a report on Friday, November 10th. ValuEngine lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Cowen initiated coverage on shares of Extreme Networks in a report on Wednesday, December 20th. They set an “outperform” rating and a $16.00 price target on the stock. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Extreme Networks has a consensus rating of “Buy” and an average price target of $16.08.
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Extreme Networks 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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