Extreme Networks, Inc. (NASDAQ:EXTR) Shares Sold by Dash Acquisitions Inc.

Dash Acquisitions Inc. lowered its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 13.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,465 shares of the technology company’s stock after selling 2,179 shares during the period. Dash Acquisitions Inc.’s holdings in Extreme Networks were worth $150,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC acquired a new stake in shares of Extreme Networks in the 3rd quarter worth $219,000. HighTower Advisors LLC purchased a new position in shares of Extreme Networks in the 3rd quarter valued at about $312,000. Hsbc Holdings PLC increased its holdings in shares of Extreme Networks by 85.6% in the 3rd quarter. Hsbc Holdings PLC now owns 26,017 shares of the technology company’s stock valued at $633,000 after purchasing an additional 12,000 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Extreme Networks by 80.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 22,589 shares of the technology company’s stock valued at $547,000 after purchasing an additional 10,081 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Extreme Networks in the 3rd quarter valued at about $9,363,000. Institutional investors and hedge funds own 91.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXTR. 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, May 2nd. Rosenblatt Securities upgraded shares of Extreme Networks from a “neutral” rating to a “buy” rating and raised their target price for the company from $15.00 to $17.00 in a report on Thursday, May 2nd. Craig Hallum upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating and raised their target price for the company from $13.00 to $14.00 in a report on Thursday, May 16th. Finally, Needham & Company LLC restated a “buy” rating and set a $16.50 target price on shares of Extreme Networks in a report on Monday, June 10th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Extreme Networks presently has an average rating of “Moderate Buy” and a consensus price target of $18.25.

Extreme Networks Stock Down 1.1 %

Shares of Extreme Networks stock traded down $0.15 during mid-day trading on Tuesday, hitting $12.98. 1,199,031 shares of the stock were exchanged, compared to its average volume of 2,251,604. Extreme Networks, Inc. has a twelve month low of $10.49 and a twelve month high of $32.73. The company has a 50-day simple moving average of $11.66 and a 200 day simple moving average of $13.00. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.96 and a quick ratio of 0.61.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.06). Extreme Networks had a positive return on equity of 37.36% and a negative net margin of 0.52%. The firm had revenue of $211.04 million for the quarter, compared to analyst estimates of $207.80 million. Research analysts expect that Extreme Networks, Inc. will post 0.08 earnings per share for the current year.

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.