Fmr Llc Increased Extreme Networks Inc (NASDAQ:EXTR) Stake by $21.36 Million

August 12, 2018 - By Mary Kidd

Extreme Networks, Inc. (NASDAQ:EXTR) LogoInvestors sentiment decreased to 1.35 in 2018 Q1. Its down 0.11, from 1.46 in 2017Q4. It worsened, as 30 investors sold EXTR shares while 51 reduced holdings. 44 funds opened positions while 65 raised stakes. 97.14 million shares or 8.91% more from 89.19 million shares in 2017Q4 were reported. Stone Ridge Asset Ltd Limited Liability Company invested in 0.01% or 17,973 shares. Swiss Retail Bank stated it has 198,700 shares or 0% of all its holdings. Jefferies Gru Limited Liability Co owns 12,470 shares or 0% of their US portfolio. James Research holds 0.03% of its portfolio in Extreme Networks, Inc. (NASDAQ:EXTR) for 66,980 shares. Paloma Partners Mgmt owns 139,312 shares. Arizona State Retirement System owns 181,900 shares for 0.02% of their portfolio. Ameriprise Fin reported 0.02% in Extreme Networks, Inc. (NASDAQ:EXTR). Los Angeles Mngmt Equity Research holds 0.01% of its portfolio in Extreme Networks, Inc. (NASDAQ:EXTR) for 134,742 shares. Envestnet Asset Mgmt invested in 0% or 7,681 shares. Voya Inv Ltd Llc holds 0% of its portfolio in Extreme Networks, Inc. (NASDAQ:EXTR) for 50,720 shares. Tci Wealth Advsr Inc invested in 51 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 5,838 shares. Peak6 Invs L P holds 47,686 shares or 0% of its portfolio. Principal Financial Grp Incorporated holds 0.01% or 967,304 shares. Paradigm Capital reported 4.92% stake.

Since May 10, 2018, it had 6 insider buys, and 0 sales for $1.35 million activity. Shoemaker John C bought $168,000 worth of stock. $89,598 worth of stock was bought by Khanna Raj on Thursday, May 24. MEYERCORD EDWARD bought 20,000 shares worth $168,400. HOLMGREN KATHLEEN M bought $44,000 worth of Extreme Networks, Inc. (NASDAQ:EXTR) on Thursday, May 10.

Fmr Llc increased its stake in Extreme Networks Inc (NASDAQ:EXTR) by 925.23% based on its latest 2018Q2 regulatory filing with the SEC. Fmr Llc bought 3.05 million shares as the company’s stock declined 24.96% with the market. The institutional investor held 3.38 million shares of the technology company at the end of 2018Q2, valued at $26.91M, up from 329,800 at the end of the previous reported quarter. Fmr Llc who had been investing in Extreme Networks Inc for a number of months, seems to be bullish on the $748.67M market cap company. The stock increased 3.53% or $0.22 during the last trading session, reaching $6.46. About 4.03M shares traded or 69.44% up from the average. Extreme Networks, Inc. (NASDAQ:EXTR) has declined 5.57% since August 13, 2017 and is downtrending. It has underperformed by 18.14% the S&P500.

Fmr Llc, which manages about $846.93B US Long portfolio, decreased its stake in Cavium Inc (NASDAQ:CAVM) by 379,777 shares to 3.02M shares, valued at $261.16M in 2018Q2, according to the filing. It also reduced its holding in Agnico Eagle Mines Ltd (NYSE:AEM) by 11.16 million shares in the quarter, leaving it with 3.69M shares, and cut its stake in Hess Midstream Partners Lp ().

Fmr Llc is a Massachusetts-based institutional investor with more than $867.00 billion AUM in December, 2014. Fmr Llc is the 2th largest institutional investor in our database. Taken from Fmr latest Adv, the fund reported to have 356 full and part-time employees. Among which 11 performing investment advisory and research functions. The institutional investor had more than 300 clients.

Extreme Networks, Inc. (NASDAQ:EXTR) Ratings Coverage

Among 3 analysts covering Extreme Networks (NASDAQ:EXTR), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Extreme Networks had 3 analyst reports since August 8, 2018 according to SRatingsIntel. Cowen & Co downgraded it to “Market Perform” rating and $6.5 target in Thursday, August 9 report. The stock has “Hold” rating by Needham on Wednesday, August 8. The firm earned “Market Outperform” rating on Thursday, August 9 by JMP Securities.

Extreme Networks, Inc. provides software-driven networking solutions for enterprise clients worldwide. The company has market cap of $748.67 million. The firm designs, develops, and makes wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. It currently has negative earnings. It offers edge/access Ethernet switching systems that delivers 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.

More notable recent Extreme Networks, Inc. (NASDAQ:EXTR) news were published by: Nasdaq.com which released: “Mid-Afternoon Market Update: Crude Oil Down 3.5%; Endo International Shares Surge After Strong Q2 Results” on August 08, 2018, also Seekingalpha.com with their article: “Extreme Networks Q4 2018: Data Center Difficulties” published on August 09, 2018, Seekingalpha.com published: “Extreme Network: Extreme Challenges” on July 22, 2018. More interesting news about Extreme Networks, Inc. (NASDAQ:EXTR) were released by: Streetinsider.com and their article: “Pre-Open Movers 08/08: (AAOI) (DDD) (MTCH) Higher; (AMPE) (EXTR) (FTK) Lower (more…)” published on August 08, 2018 as well as Nasdaq.com‘s news article titled: “Report: Developing Opportunities within Select Medical, Extreme Networks, Matador Resources, Owens-Illinois …” with publication date: August 10, 2018.

Extreme Networks, Inc. (NASDAQ:EXTR) Institutional Positions Chart

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