Laurion Capital Management LP Takes Position in Extreme Networks, Inc. (EXTR)

Laurion Capital Management LP purchased a new position in Extreme Networks, Inc. (NASDAQ:EXTR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,600 shares of the technology company’s stock, valued at approximately $162,000.

Other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can increased its position in Extreme Networks by 3,689.4% in the first quarter. Bank of Montreal Can now owns 15,006 shares of the technology company’s stock worth $113,000 after buying an additional 14,610 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Extreme Networks during the first quarter worth about $169,000. Allianz Asset Management AG increased its position in Extreme Networks by 142.7% in the fourth quarter. Allianz Asset Management AG now owns 24,600 shares of the technology company’s stock worth $124,000 after buying an additional 14,465 shares during the last quarter. Nordea Investment Management AB increased its position in Extreme Networks by 12.5% in the first quarter. Nordea Investment Management AB now owns 27,088 shares of the technology company’s stock worth $203,000 after buying an additional 3,000 shares during the last quarter. Finally, CAPROCK Group Inc. increased its position in Extreme Networks by 10.8% in the first quarter. CAPROCK Group Inc. now owns 27,265 shares of the technology company’s stock worth $205,000 after buying an additional 2,665 shares during the last quarter. 82.51% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) traded up 1.10% during midday trading on Tuesday, hitting $10.14. The company had a trading volume of 417,825 shares. Extreme Networks, Inc. has a 12 month low of $3.07 and a 12 month high of $11.03. The firm’s market capitalization is $1.12 billion. The company has a 50-day moving average of $9.41 and a 200 day moving average of $6.89.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. Extreme Networks had a positive return on equity of 33.40% and a negative net margin of 4.12%. The business had revenue of $148.70 million during the quarter, compared to analysts’ expectations of $155.89 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The company’s revenue was up 18.7% on a year-over-year basis. On average, analysts expect that Extreme Networks, Inc. will post $0.43 EPS for the current fiscal year.

WARNING: This piece was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/2655569/laurion-capital-management-lp-takes-position-in-extreme-networks-inc-extr.html.

A number of research firms have recently issued reports on EXTR. BidaskClub downgraded Extreme Networks from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Needham & Company LLC reissued a “buy” rating and set a $7.00 price target (up previously from $6.25) on shares of Extreme Networks in a research report on Wednesday, March 8th. DA Davidson increased their price target on Extreme Networks from $7.50 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, March 30th. Finally, Zacks Investment Research raised Extreme Networks from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research report on Thursday, March 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Extreme Networks has a consensus rating of “Buy” and a consensus target price of $8.10.

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.

Want to see what other hedge funds are holding EXTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extreme Networks, Inc. (NASDAQ:EXTR).

Receive News & Ratings for Extreme Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extreme Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.