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.
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.
WARNING: “37,082 Shares in Extreme Networks (EXTR) Acquired by Teacher Retirement System of Texas” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/04/07/teacher-retirement-system-of-texas-invests-464000-in-extreme-networks-inc-extr-stock.html.
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.
Receive News & Ratings for Extreme Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extreme Networks and related companies with MarketBeat.com's FREE daily email newsletter.