Extreme Networks, Inc. (NASDAQ:EXTR) Shares Purchased by Andina Capital Management LLC

Andina Capital Management LLC grew its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 8.2% during the 4th quarter, HoldingsChannel reports. The firm owned 22,076 shares of the technology company’s stock after buying an additional 1,671 shares during the period. Andina Capital Management LLC’s holdings in Extreme Networks were worth $370,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EXTR. Quarry LP acquired a new position in Extreme Networks during the third quarter worth $26,000. GAMMA Investing LLC boosted its holdings in Extreme Networks by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock valued at $30,000 after acquiring an additional 1,035 shares during the period. Nisa Investment Advisors LLC increased its stake in Extreme Networks by 146.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,942 shares of the technology company’s stock worth $83,000 after purchasing an additional 2,935 shares during the period. KBC Group NV lifted its position in shares of Extreme Networks by 54.3% during the third quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock worth $75,000 after purchasing an additional 1,745 shares in the last quarter. Finally, Avior Wealth Management LLC purchased a new position in shares of Extreme Networks in the fourth quarter valued at approximately $157,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Extreme Networks Trading Down 1.6 %

EXTR opened at $17.00 on Friday. The company has a debt-to-equity ratio of 5.33, a quick ratio of 0.63 and a current ratio of 0.91. Extreme Networks, Inc. has a one year low of $10.49 and a one year high of $19.24. The company has a market cap of $2.25 billion, a P/E ratio of -17.53, a PEG ratio of 3.76 and a beta of 1.75. The business’s 50-day simple moving average is $17.14 and its 200-day simple moving average is $15.54.

Insider Buying and Selling at Extreme Networks

In related news, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction on Friday, November 1st. The shares were sold at an average price of $14.96, for a total value of $534,446.00. Following the transaction, the chief executive officer now directly owns 1,448,378 shares in the company, valued at $21,667,734.88. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Raj Khanna sold 10,000 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $16.53, for a total transaction of $165,300.00. Following the transaction, the director now directly owns 228,733 shares of the company’s stock, valued at $3,780,956.49. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,725 shares of company stock worth $863,546 over the last three months. Insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EXTR. Rosenblatt Securities reaffirmed a “buy” rating and set a $21.00 price objective on shares of Extreme Networks in a research report on Wednesday, November 6th. Craig Hallum increased their price target on Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a research report on Thursday, October 31st. B. Riley boosted their price objective on Extreme Networks from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, StockNews.com raised shares of Extreme Networks from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.00.

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.