Andina Capital Management LLC Grows Position in Extreme Networks, Inc. (NASDAQ:EXTR)

Andina Capital Management LLC grew its stake in Extreme Networks, Inc. (NASDAQ:EXTR) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,076 shares of the technology company’s stock after buying an additional 1,671 shares during the quarter. Andina Capital Management LLC’s holdings in Extreme Networks were worth $370,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of 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 purchasing an additional 1,035 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in Extreme Networks by 2.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 70,841 shares of the technology company’s stock valued at $1,065,000 after acquiring an additional 1,541 shares during the last quarter. Quarry LP purchased a new stake in Extreme Networks in the 3rd quarter valued at about $26,000. KBC Group NV increased its holdings in Extreme Networks by 54.3% during the 3rd 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 during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Extreme Networks by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 64,433 shares of the technology company’s stock valued at $867,000 after acquiring an additional 1,749 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.

Extreme Networks Stock Performance

EXTR opened at $17.00 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.63 and a debt-to-equity ratio of 5.33. Extreme Networks, Inc. has a 12-month low of $10.49 and a 12-month high of $19.24. The firm has a 50 day moving average of $17.14 and a two-hundred day moving average of $15.54. The firm has a market capitalization of $2.25 billion, a PE ratio of -17.53, a P/E/G ratio of 3.76 and a beta of 1.75.

Insider Transactions at Extreme Networks

In other news, Director Raj Khanna sold 10,000 shares of the firm’s 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 sale, the director now directly owns 228,733 shares in the company, valued at $3,780,956.49. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $14.96, for a total value of $534,446.00. Following the completion of the transaction, the chief executive officer now owns 1,448,378 shares of the company’s stock, valued at approximately $21,667,734.88. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,725 shares of company stock worth $863,546 over the last 90 days. 3.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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