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

August 12, 2018 - By Mark Mitchell

Extreme Networks, Inc. (NASDAQ:EXTR) LogoInvestors sentiment decreased to 1.35 in 2018 Q1. Its down 0.11, from 1.46 in 2017Q4. It is negative, 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. 20,987 are held by Smith Asset Management Grp Inc Ltd Partnership. American Century Cos Inc has 0.01% invested in Extreme Networks, Inc. (NASDAQ:EXTR) for 586,252 shares. Deutsche Commercial Bank Ag holds 250,402 shares or 0% of its portfolio. Blackrock has invested 0.01% in Extreme Networks, Inc. (NASDAQ:EXTR). Secor Advsr Limited Partnership owns 240,303 shares or 0.22% of their US portfolio. Royal Bank Of Canada reported 74,044 shares. Brown Advisory owns 47,824 shares. Hsbc Public Limited Company invested 0% of its portfolio in Extreme Networks, Inc. (NASDAQ:EXTR). Fmr Ltd Limited Liability Company reported 329,800 shares or 0% of all its holdings. Atria Investments Lc invested in 13,068 shares or 0.01% of the stock. Moreover, Goldman Sachs Gp Incorporated has 0.01% invested in Extreme Networks, Inc. (NASDAQ:EXTR) for 2.81M shares. Fincl Bank Of America De holds 72,824 shares or 0% of its portfolio. State Of Wisconsin Invest Board reported 124,000 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Systems has 10,780 shares. Prudential Finance owns 316,002 shares for 0.01% of their portfolio.

Since May 10, 2018, it had 6 insider purchases, and 0 sales for $1.35 million activity. KENNEDY EDWARD H bought $430,795 worth of stock. $168,400 worth of Extreme Networks, Inc. (NASDAQ:EXTR) shares were bought by MEYERCORD EDWARD. HOLMGREN KATHLEEN M had bought 5,000 shares worth $44,000 on Thursday, May 10. Another trade for 20,000 shares valued at $168,000 was made by Shoemaker John C on Friday, May 11.

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 3.05M 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 $846.93 billion US Long portfolio, decreased its stake in Ishares Tr (AGG) by 146,856 shares to 5.35 million shares, valued at $569.01 million in 2018Q2, according to the filing. It also reduced its holding in Charter Communications Inc N () by 302,253 shares in the quarter, leaving it with 2.15 million shares, and cut its stake in Hexcel Corp New (NYSE:HXL).

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. The rating was downgraded by Needham to “Hold” on Wednesday, August 8. The stock of Extreme Networks, Inc. (NASDAQ:EXTR) has “Market Perform” rating given on Thursday, August 9 by Cowen & Co. JMP Securities maintained the stock with “Market Outperform” rating in Thursday, August 9 report.

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: Streetinsider.com which released: “Pre-Open Movers 08/08: (AAOI) (DDD) (MTCH) Higher; (AMPE) (EXTR) (FTK) Lower (more…)” on August 08, 2018, also Nasdaq.com with their article: “Mid-Afternoon Market Update: Crude Oil Down 3.5%; Endo International Shares Surge After Strong Q2 Results” published on August 08, 2018, Seekingalpha.com published: “Extreme Network: Extreme Challenges” on July 22, 2018. More interesting news about Extreme Networks, Inc. (NASDAQ:EXTR) were released by: Seekingalpha.com and their article: “Extreme Networks Q4 2018: Data Center Difficulties” published on August 09, 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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