37,082 Shares in Extreme Networks (EXTR) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new position in shares of Extreme Networks (NASDAQ:EXTR) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 37,082 shares of the technology company’s stock, valued at approximately $464,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXTR. State Street Corp boosted its stake in shares of Extreme Networks by 4.7% during the 2nd quarter. State Street Corp now owns 2,307,153 shares of the technology company’s stock worth $21,273,000 after acquiring an additional 102,591 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Extreme Networks by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 84,882 shares of the technology company’s stock worth $782,000 after acquiring an additional 3,319 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Extreme Networks by 116.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 158,012 shares of the technology company’s stock worth $1,879,000 after acquiring an additional 85,076 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Extreme Networks by 15.9% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 111,381 shares of the technology company’s stock worth $1,324,000 after acquiring an additional 15,247 shares in the last quarter. Finally, Sei Investments Co. bought a new stake in shares of Extreme Networks during the 3rd quarter worth about $161,000. Institutional investors own 79.46% of the company’s stock.

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Extreme Networks stock traded down $0.27 during trading hours on Friday, hitting $10.52. The stock had a trading volume of 1,272,395 shares, compared to its average volume of 1,566,781. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market cap of $1,243.74, a price-to-earnings ratio of 30.94, a price-to-earnings-growth ratio of 1.22 and a beta of 1.60. Extreme Networks has a fifty-two week low of $6.83 and a fifty-two week high of $15.55.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The firm had revenue of $231.12 million during the quarter, compared to analysts’ expectations of $241.49 million. Extreme Networks had a positive return on equity of 44.24% and a negative net margin of 2.72%. The company’s revenue for the quarter was up 47.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 EPS. analysts expect that Extreme Networks will post 0.52 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on EXTR shares. Needham & Company LLC boosted their price objective on Extreme Networks from $14.85 to $15.50 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. DA Davidson boosted their price objective on Extreme Networks from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Cowen reissued a “buy” rating and set a $18.00 price objective on shares of Extreme Networks in a research report on Wednesday, February 7th. BidaskClub cut Extreme Networks from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 16th. Finally, Zacks Investment Research raised Extreme Networks from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $15.92.

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Extreme Networks Company Profile

Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. 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.

Institutional Ownership by Quarter for Extreme Networks (NASDAQ:EXTR)

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