Extreme Networks, Inc. (NASDAQ:EXTR) Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. lowered its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 25.4% during the first quarter, Holdings Channel reports. The firm owned 12,081 shares of the technology company’s stock after selling 4,106 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Extreme Networks were worth $139,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Narus Financial Partners LLC purchased a new position in shares of Extreme Networks during the first quarter worth about $130,000. Mirador Capital Partners LP grew its holdings in shares of Extreme Networks by 68.1% during the first quarter. Mirador Capital Partners LP now owns 247,008 shares of the technology company’s stock worth $2,850,000 after buying an additional 100,075 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Extreme Networks during the first quarter worth about $256,000. Hennessy Advisors Inc. purchased a new position in shares of Extreme Networks during the fourth quarter worth about $82,000. Finally, Vanguard Group Inc. grew its holdings in shares of Extreme Networks by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 12,989,988 shares of the technology company’s stock worth $229,143,000 after buying an additional 94,881 shares during the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. B. Riley lifted their price objective on Extreme Networks from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Rosenblatt Securities raised Extreme Networks from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $15.00 to $17.00 in a report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.50 price objective on shares of Extreme Networks in a report on Monday, June 10th. Finally, Craig Hallum raised Extreme Networks from a “hold” rating to a “buy” rating and lifted their price objective for the company from $13.00 to $14.00 in a report on Thursday, May 16th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.25.

Extreme Networks Trading Down 1.0 %

Shares of Extreme Networks stock traded down $0.13 during trading on Wednesday, hitting $12.85. 528,759 shares of the company were exchanged, compared to its average volume of 2,238,042. The company has a current ratio of 0.96, a quick ratio of 0.61 and a debt-to-equity ratio of 2.78. Extreme Networks, Inc. has a fifty-two week low of $10.49 and a fifty-two week high of $32.73. The firm has a 50 day moving average price of $11.69 and a 200 day moving average price of $12.96.

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

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.