Brooktree Capital Management Has $2.70 Million Stock Holdings in Extreme Networks, Inc. (NASDAQ:EXTR)

Brooktree Capital Management lifted its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,448 shares of the technology company’s stock after purchasing an additional 2,569 shares during the quarter. Extreme Networks accounts for 2.2% of Brooktree Capital Management’s portfolio, making the stock its 14th largest position. Brooktree Capital Management owned approximately 0.14% of Extreme Networks worth $2,697,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in Extreme Networks by 33.1% during the 1st quarter. SG Americas Securities LLC now owns 44,586 shares of the technology company’s stock worth $515,000 after purchasing an additional 11,077 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Extreme Networks by 3.1% during the first quarter. Illinois Municipal Retirement Fund now owns 77,836 shares of the technology company’s stock worth $898,000 after acquiring an additional 2,375 shares during the period. ProShare Advisors LLC lifted its position in Extreme Networks by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 25,502 shares of the technology company’s stock valued at $294,000 after acquiring an additional 1,741 shares in the last quarter. Entropy Technologies LP acquired a new position in Extreme Networks in the 1st quarter worth $268,000. Finally, State Board of Administration of Florida Retirement System boosted its stake in Extreme Networks by 50.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 54,244 shares of the technology company’s stock worth $626,000 after purchasing an additional 18,206 shares during the period. Institutional investors and hedge funds own 91.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. B. Riley boosted their price target on Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Craig Hallum lifted their target price on Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $16.50 price target on shares of Extreme Networks in a research report on Thursday, August 8th. StockNews.com downgraded shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $21.00 price objective on shares of Extreme Networks in a research report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Extreme Networks has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Insider Activity

In other Extreme Networks news, CEO Edward Meyercord sold 35,725 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $14.75, for a total value of $526,943.75. Following the completion of the sale, the chief executive officer now owns 1,448,378 shares in the company, valued at $21,363,575.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Extreme Networks news, CEO Edward Meyercord sold 35,725 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $14.75, for a total value of $526,943.75. Following the sale, the chief executive officer now owns 1,448,378 shares in the company, valued at $21,363,575.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Raj Khanna sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $16.53, for a total value of $165,300.00. Following the completion of the sale, the director now directly owns 228,733 shares of the company’s stock, valued at approximately $3,780,956.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,175 shares of company stock valued at $1,763,279. 3.70% of the stock is owned by insiders.

Extreme Networks Stock Performance

Shares of NASDAQ EXTR opened at $16.65 on Thursday. The company has a debt-to-equity ratio of 5.33, a quick ratio of 0.63 and a current ratio of 0.91. The stock has a 50 day moving average price of $15.06 and a 200 day moving average price of $13.63. The stock has a market capitalization of $2.20 billion, a PE ratio of -17.16, a price-to-earnings-growth ratio of 3.61 and a beta of 1.77. Extreme Networks, Inc. has a 52 week low of $10.49 and a 52 week high of $18.77.

Extreme Networks Company Profile

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.