Westover Capital Advisors LLC Buys 9,250 Shares of Extreme Networks, Inc. (NASDAQ:EXTR)

Westover Capital Advisors LLC raised its stake in Extreme Networks, Inc. (NASDAQ:EXTR) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 171,110 shares of the technology company’s stock after acquiring an additional 9,250 shares during the period. Extreme Networks makes up 1.0% of Westover Capital Advisors LLC’s portfolio, making the stock its 26th largest holding. Westover Capital Advisors LLC owned approximately 0.13% of Extreme Networks worth $3,018,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of EXTR. Allworth Financial LP grew its position in Extreme Networks by 4,924.4% in the fourth quarter. Allworth Financial LP now owns 2,060 shares of the technology company’s stock worth $36,000 after acquiring an additional 2,019 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of Extreme Networks during the 3rd quarter valued at approximately $37,000. Tucker Asset Management LLC purchased a new stake in Extreme Networks during the 3rd quarter valued at $41,000. Harvest Fund Management Co. Ltd purchased a new stake in Extreme Networks during the 3rd quarter valued at $91,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in Extreme Networks by 53.1% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,980 shares of the technology company’s stock worth $97,000 after buying an additional 1,380 shares during the period. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Extreme Networks Stock Up 0.7 %

Shares of NASDAQ EXTR traded up $0.08 during mid-day trading on Thursday, reaching $11.53. 3,137,221 shares of the company were exchanged, compared to its average volume of 2,112,430. The firm has a 50-day moving average of $11.57 and a 200 day moving average of $14.91. Extreme Networks, Inc. has a 1 year low of $10.57 and a 1 year high of $32.73. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 1.69. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 3.99 and a beta of 1.88.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). Extreme Networks had a return on equity of 98.24% and a net margin of 5.96%. The firm had revenue of $296.38 million for the quarter, compared to the consensus estimate of $295.50 million. On average, research analysts expect that Extreme Networks, Inc. will post 0.17 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on EXTR shares. Needham & Company LLC reiterated a “buy” rating and set a $16.50 price target on shares of Extreme Networks in a report on Wednesday. TheStreet lowered Extreme Networks from a “b-” rating to a “c+” rating in a research note on Tuesday, February 20th. Rosenblatt Securities raised Extreme Networks from a “neutral” rating to a “buy” rating and upped their price objective for the company from $15.00 to $17.00 in a research report on Thursday. Craig Hallum decreased their target price on Extreme Networks from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Thursday. Finally, B. Riley upped their price target on shares of Extreme Networks from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $20.50.

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.