Granahan Investment Management Inc. MA reduced its holdings in shares of Extreme Networks, Inc (NASDAQ:EXTR) by 21.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 764,198 shares of the technology company’s stock after selling 212,619 shares during the quarter. Granahan Investment Management Inc. MA owned approximately 0.66% of Extreme Networks worth $6,083,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in EXTR. Rhumbline Advisers lifted its holdings in Extreme Networks by 152.7% during the 1st quarter. Rhumbline Advisers now owns 263,901 shares of the technology company’s stock worth $2,921,000 after purchasing an additional 159,463 shares during the last quarter. Comerica Bank acquired a new stake in Extreme Networks during the 1st quarter worth approximately $1,324,000. SG Americas Securities LLC acquired a new stake in Extreme Networks during the 1st quarter worth approximately $503,000. Prudential Financial Inc. lifted its holdings in Extreme Networks by 4.6% during the 1st quarter. Prudential Financial Inc. now owns 316,002 shares of the technology company’s stock worth $3,498,000 after purchasing an additional 13,764 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Extreme Networks by 5.9% during the 1st quarter. Swiss National Bank now owns 198,700 shares of the technology company’s stock worth $2,200,000 after purchasing an additional 11,000 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

EXTR has been the subject of several research reports. DA Davidson dropped their price target on Extreme Networks to $13.00 and set a “buy” rating for the company in a report on Thursday, August 9th. Zacks Investment Research raised Extreme Networks from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a report on Tuesday, July 3rd. BidaskClub raised Extreme Networks from a “hold” rating to a “buy” rating in a report on Wednesday, June 13th. TheStreet cut Extreme Networks from a “c-” rating to a “d+” rating in a report on Wednesday, September 12th. Finally, Needham & Company LLC cut Extreme Networks from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $11.75.

Shares of NASDAQ EXTR opened at $5.48 on Tuesday. The firm has a market capitalization of $679.16 million, a price-to-earnings ratio of 12.48, a P/E/G ratio of 1.02 and a beta of 1.17. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 1.67. Extreme Networks, Inc has a fifty-two week low of $5.35 and a fifty-two week high of $15.55.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The firm had revenue of $278.30 million during the quarter, compared to analysts’ expectations of $279.22 million. Extreme Networks had a positive return on equity of 43.70% and a negative net margin of 4.76%. The company’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 EPS. equities research analysts forecast that Extreme Networks, Inc will post 0.4 EPS for the current fiscal year.

Extreme Networks Profile

Extreme Networks, Inc provides software-driven networking solutions for enterprise customers worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. The company offers edge/access Ethernet switching systems that deliver Ethernet connectivity for edge of the network; aggregation/core Ethernet switching systems for aggregation, top-of-rack, and campus core environments; data center switching systems for enterprises and cloud data centers; and wireless access point products, as well as distributed Wi-Fi networks.

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

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