Extreme Networks (EXTR) Price Target Increased to $17.00 by Analysts at DA Davidson
Extreme Networks (NASDAQ:EXTR) had its price target lifted by DA Davidson from $16.00 to $17.00 in a research note released on Wednesday, Marketbeat.com reports. They currently have a buy rating on the technology company’s stock.
EXTR has been the subject of a number of other research reports. ValuEngine cut Extreme Networks from a buy rating to a hold rating in a research report on Friday, December 1st. Zacks Investment Research cut Extreme Networks from a buy rating to a hold rating in a research report on Tuesday, January 9th. JMP Securities started coverage on Extreme Networks in a research report on Wednesday, January 3rd. They set an outperform rating and a $16.00 price target for the company. Cowen began coverage on Extreme Networks in a research report on Wednesday, December 20th. They set an outperform rating and a $16.00 price target for the company. Finally, Craig Hallum reissued a buy rating and issued a $17.00 price objective (up previously from $12.50) on shares of Extreme Networks in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $16.08.
Shares of Extreme Networks (NASDAQ EXTR) opened at $10.53 on Wednesday. Extreme Networks has a 52-week low of $5.57 and a 52-week high of $15.55. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.09 and a current ratio of 1.31. The company has a market capitalization of $1,170.00, a PE ratio of -55.42, a price-to-earnings-growth ratio of 1.08 and a beta of 1.31.
In other news, Director Charles Carinalli sold 20,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $12.91, for a total value of $258,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raj Khanna sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $13.81, for a total value of $138,100.00. Following the completion of the transaction, the director now directly owns 99,523 shares of the company’s stock, valued at approximately $1,374,412.63. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Extreme Networks by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,040,988 shares of the technology company’s stock valued at $74,138,000 after buying an additional 830,103 shares during the period. BlackRock Inc. lifted its holdings in shares of Extreme Networks by 3.1% in the 4th quarter. BlackRock Inc. now owns 7,530,223 shares of the technology company’s stock valued at $94,278,000 after buying an additional 224,820 shares during the period. State Street Corp lifted its holdings in shares of Extreme Networks by 4.7% in the 2nd quarter. State Street Corp now owns 2,307,153 shares of the technology company’s stock valued at $21,273,000 after buying an additional 102,591 shares during the period. FMR LLC lifted its holdings in shares of Extreme Networks by 57.9% in the 2nd quarter. FMR LLC now owns 2,130,799 shares of the technology company’s stock valued at $19,647,000 after buying an additional 781,130 shares during the period. Finally, Copper Rock Capital Partners LLC acquired a new position in shares of Extreme Networks in the 4th quarter valued at about $24,503,000. 82.16% of the stock is owned by institutional investors and hedge funds.
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About Extreme Networks
Extreme Networks, Inc is a provider of network infrastructure equipment. The Company markets its products to business, governmental, healthcare, service provider and educational customers with a focus on corporate enterprises and metropolitan service providers on a global basis. The Company operates through the development and marketing of network infrastructure equipment segment.
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