Extreme Networks, Inc. (NASDAQ:EXTR – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $12.95, but opened at $14.11. Extreme Networks shares last traded at $13.05, with a volume of 247,024 shares trading hands.
Wall Street Analyst Weigh In
EXTR has been the subject of several analyst reports. Rosenblatt Securities upgraded Extreme Networks from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $15.00 to $17.00 in a research report on Thursday, May 2nd. B. Riley upped their price target on Extreme Networks from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Craig Hallum raised shares of Extreme Networks from a “hold” rating to a “buy” rating and boosted their target price for the company from $13.00 to $14.00 in a research note on Thursday, May 16th. Finally, Needham & Company LLC reissued a “buy” rating and set a $16.50 target price on shares of Extreme Networks in a research note on Monday, June 10th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.30.
Check Out Our Latest Report on EXTR
Extreme Networks Stock Performance
Institutional Investors Weigh In On Extreme Networks
A number of large investors have recently bought and sold shares of the business. Andina Capital Management LLC boosted its holdings in Extreme Networks by 3.8% in the second quarter. Andina Capital Management LLC now owns 19,610 shares of the technology company’s stock worth $264,000 after purchasing an additional 719 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in Extreme Networks by 3.9% in the fourth quarter. Handelsbanken Fonder AB now owns 24,000 shares of the technology company’s stock worth $423,000 after purchasing an additional 900 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Extreme Networks by 2.5% in the second quarter. Louisiana State Employees Retirement System now owns 65,400 shares of the technology company’s stock worth $880,000 after purchasing an additional 1,600 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Extreme Networks by 7.3% in 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 in the last quarter. Finally, Allworth Financial LP boosted its holdings 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 purchasing an additional 2,019 shares in the last quarter. 91.05% of the stock is currently owned by institutional investors.
About Extreme Networks
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.
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