64,004 Shares in Extreme Networks, Inc. (EXTR) Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC bought a new stake in Extreme Networks, Inc. (NASDAQ:EXTR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 64,004 shares of the technology company’s stock, valued at approximately $590,000. Gotham Asset Management LLC owned about 0.06% of Extreme Networks at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Morgan Stanley increased its holdings in Extreme Networks by 49.2% in the first quarter. Morgan Stanley now owns 1,145,086 shares of the technology company’s stock valued at $8,600,000 after buying an additional 377,822 shares during the last quarter. American International Group Inc. increased its holdings in Extreme Networks by 7.1% in the first quarter. American International Group Inc. now owns 63,648 shares of the technology company’s stock valued at $478,000 after buying an additional 4,207 shares during the last quarter. Sheets Smith Wealth Management purchased a new position in Extreme Networks in the second quarter valued at $280,000. Cornerstone Financial Partners LLC purchased a new position in Extreme Networks in the second quarter valued at $148,000. Finally, Carl Domino Inc purchased a new position in Extreme Networks in the second quarter valued at $203,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the company. BidaskClub lowered Extreme Networks from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Needham & Company LLC increased their target price on Extreme Networks from $12.50 to $13.00 and gave the company a “buy” rating in a report on Tuesday, August 15th. Zacks Investment Research raised Extreme Networks from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Friday, August 18th. Finally, ValuEngine lowered Extreme Networks from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Extreme Networks currently has a consensus rating of “Hold” and a consensus price target of $11.67.

In other Extreme Networks news, insider Edward Meyercord sold 100,000 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $10.52, for a total value of $1,052,000.00. Following the transaction, the insider now owns 471,653 shares in the company, valued at approximately $4,961,789.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen M. Holmgren acquired 5,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was purchased at an average price of $11.49 per share, for a total transaction of $57,450.00. Following the acquisition, the director now directly owns 36,662 shares in the company, valued at $421,246.38. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

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Extreme Networks, Inc. (EXTR) opened at 11.32 on Friday. The stock’s market cap is $1.28 billion. The company has a 50-day moving average price of $11.80 and a 200 day moving average price of $9.83. Extreme Networks, Inc. has a 12-month low of $4.02 and a 12-month high of $13.20.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Monday, August 14th. The technology company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Extreme Networks had a positive return on equity of 41.17% and a negative net margin of 1.42%. The firm had revenue of $178.70 million during the quarter, compared to analyst estimates of $171.96 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. On average, equities research analysts predict that Extreme Networks, Inc. will post $0.65 EPS for the current year.

Extreme Networks Company Profile

Extreme Networks, Inc is a provider of network infrastructure equipment. The Company markets its products to business, governmental, healthc

Other large investors have also bought and sold shares of the company. Morgan Stanley increased its holdings in Extreme Networks by 49.2% in the first quarter. Morgan Stanley now owns 1,145,086 shares of the technology company’s stock valued at $8,600,000 after buying an additional 377,822 shares during the last quarter. American International Group Inc. increased its holdings in Extreme Networks by 7.1% in the first quarter. American International Group Inc. now owns 63,648 shares of the technology company’s stock valued at $478,000 after buying an additional 4,207 shares during the last quarter. Sheets Smith Wealth Management purchased a new position in Extreme Networks in the second quarter valued at $280,000. Cornerstone Financial Partners LLC purchased a new position in Extreme Networks in the second quarter valued at $148,000. Finally, Carl Domino Inc purchased a new position in Extreme Networks in the second quarter valued at $203,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the company. BidaskClub lowered Extreme Networks from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Needham & Company LLC increased their target price on Extreme Networks from $12.50 to $13.00 and gave the company a “buy” rating in a report on Tuesday, August 15th. Zacks Investment Research raised Extreme Networks from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Friday, August 18th. Finally, ValuEngine lowered Extreme Networks from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Extreme Networks currently has a consensus rating of “Hold” and a consensus price target of $11.67.

In other Extreme Networks news, insider Edward Meyercord sold 100,000 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $10.52, for a total value of $1,052,000.00. Following the transaction, the insider now owns 471,653 shares in the company, valued at approximately $4,961,789.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen M. Holmgren acquired 5,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was purchased at an average price of $11.49 per share, for a total transaction of $57,450.00. Following the acquisition, the director now directly owns 36,662 shares in the company, valued at $421,246.38. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

WARNING: This piece was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/20/64004-shares-in-extreme-networks-inc-extr-acquired-by-gotham-asset-management-llc.html.

Extreme Networks, Inc. (EXTR) opened at 11.32 on Friday. The stock’s market cap is $1.28 billion. The company has a 50-day moving average price of $11.80 and a 200 day moving average price of $9.83. Extreme Networks, Inc. has a 12-month low of $4.02 and a 12-month high of $13.20.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Monday, August 14th. The technology company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Extreme Networks had a positive return on equity of 41.17% and a negative net margin of 1.42%. The firm had revenue of $178.70 million during the quarter, compared to analyst estimates of $171.96 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. On average, equities research analysts predict that Extreme Networks, Inc. will post $0.65 EPS for the current year.

Extreme Networks Company Profile

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

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