Impax Asset Management Group plc Has $10.15 Million Stock Position in Extreme Networks, Inc. (NASDAQ:EXTR)

Impax Asset Management Group plc decreased its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 25.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 675,178 shares of the technology company’s stock after selling 225,000 shares during the quarter. Impax Asset Management Group plc’s holdings in Extreme Networks were worth $10,148,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EXTR. SG Americas Securities LLC increased its position in shares of Extreme Networks by 33.1% during the 1st quarter. SG Americas Securities LLC now owns 44,586 shares of the technology company’s stock worth $515,000 after purchasing an additional 11,077 shares during the last quarter. ProShare Advisors LLC boosted its position in Extreme Networks by 7.3% during the first quarter. ProShare Advisors LLC now owns 25,502 shares of the technology company’s stock worth $294,000 after purchasing an additional 1,741 shares during the period. Entropy Technologies LP acquired a new position in shares of Extreme Networks in the first quarter valued at $268,000. State Board of Administration of Florida Retirement System raised its position in shares of Extreme Networks by 50.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 54,244 shares of the technology company’s stock valued at $626,000 after purchasing an additional 18,206 shares during the period. Finally, M&G Plc acquired a new stake in shares of Extreme Networks during the 1st quarter worth about $4,175,000. Institutional investors and hedge funds own 91.05% of the company’s stock.

Insider Activity

In other news, CEO Edward Meyercord sold 35,725 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $15.02, for a total transaction of $536,589.50. Following the completion of the transaction, the chief executive officer now owns 1,448,378 shares of the company’s stock, valued at approximately $21,754,637.56. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raj Khanna sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $16.53, for a total value of $165,300.00. Following the transaction, the director now directly owns 228,733 shares of the company’s stock, valued at $3,780,956.49. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,175 shares of company stock worth $1,763,279. Insiders own 3.70% of the company’s stock.

Extreme Networks Stock Performance

NASDAQ EXTR opened at $15.61 on Friday. The firm’s 50 day simple moving average is $15.10 and its 200 day simple moving average is $13.65. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of -16.09, a P/E/G ratio of 3.63 and a beta of 1.77. The company has a current ratio of 0.91, a quick ratio of 0.63 and a debt-to-equity ratio of 5.33. Extreme Networks, Inc. has a 1 year low of $10.49 and a 1 year high of $18.77.

Analyst Ratings Changes

Several equities analysts have recently commented on EXTR shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $21.00 target price on shares of Extreme Networks in a research report on Wednesday, November 6th. Needham & Company LLC restated a “buy” rating and issued a $16.50 price target on shares of Extreme Networks in a research note on Thursday, August 8th. Craig Hallum raised their price target on shares of Extreme Networks from $17.00 to $22.50 and gave the stock a “buy” rating in a research report on Thursday, October 31st. StockNews.com downgraded shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Finally, B. Riley raised their target price on shares of Extreme Networks from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Extreme Networks 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.