Extreme Networks INC (EXTR) Shares Declined While Rk Capital Management LLC Decreased Its Stake

June 29, 2018 - By Norman Soto

Extreme Networks, Inc. (NASDAQ:EXTR) Corporate LogoBig Money Sentiment decreased to 1.35 in 2018 Q1. It has change of 0.11, from 2017Q4’s 1.46. The ratio fall due to EXTR positioning: 30 sold and 51 reduced. 44 funds took stakes and 65 increased stakes. Investors holded 89.19 million in 2017Q4 but now own 97.14 million shares or 8.91% more. Proshare Ltd Com, a Maryland-based fund reported 19,825 shs. Dimensional Fund Advsr Limited Partnership invested in 0.01% or 2.17 million shs. Nuveen Asset Limited Liability reported 81,907 shs. Millennium Mgmt holds 144,440 shs or 0% of its capital. Springowl Associates Ltd Liability Co holds 1.1% or 151,175 shs in its capital. 121,216 are owned by Comerica Savings Bank. American Century Cos Inc reported 0.01% stake. Riggs Asset Managment reported 330 shs. Moreover, Ls Lc has 0% invested in Extreme Networks, Inc. (NASDAQ:EXTR) for 4,695 shs. Sei invested in 0% or 11,000 shs. Jpmorgan Chase And Com invested in 2.59 million shs or 0.01% of the stock. Pennsylvania-based Pnc Financial Services Gru has invested 0% in Extreme Networks, Inc. (NASDAQ:EXTR). 130,800 were accumulated by Deroy And Devereaux Private Invest Counsel. First Quadrant Limited Partnership Ca reported 236,868 shs. Prudential Financial invested in 0.01% or 316,002 shs.

EXTR registered $1.35 million net activity with 6 insider buys and 0 sales since May 10, 2018. The insider KENNEDY EDWARD H bought $451,553. HOLMGREN KATHLEEN M had bought 5,000 shs worth $44,000. $168,400 worth of Extreme Networks, Inc. (NASDAQ:EXTR) was bought by MEYERCORD EDWARD on Monday, May 14. On Thursday, May 24 10,000 shs were bought by Khanna Raj, worth $89,598.

In 2018Q1 Securities and Exchange filling is reported Rk Capital Management Llc’s stake in Extreme Networks Inc (EXTR) which was reduced by 37.65%. The company’s stock sank 24.96% while Rk Capital Management Llc sold 497,700 shares. The technology company at the end of 2018Q1 was priced at $9.12M. It’s down from 1.32M at the end of the previous reported quarter. Now it had 824,176 shares held by the hedge fund . Rk Capital Management Llc has risen its stake in Central Garden & Pet Co (NASDAQ:CENTA) and also increased its holding in Chart Inds Inc by 51,500 shares in the quarter, for a total of 327,603 shares.

Earnings report for Extreme Networks, Inc. (NASDAQ:EXTR) is awaited on August, 13., Faxor reports. Analysts expect change of 7.14 % or $0.01 from previous year’s $0.14 earnings per share compared to current’s $0.13 earnings per share. EXTR’s profit could reach $15.07 million with 15.24 P/E in case $0.13 earnings per share is reported. 30.00 % EPS growth is what analysts predict. $0.10 earnings per share was reported for last quarter.

There’s a significant Extreme Networks, Inc. (NASDAQ:EXTR) news released by Nasdaq.com. It’s an article titled: “Here’s Why Extreme Networks, Inc. Stock Crashed in May” on June 14, 2018.

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

In total 4 analysts cover Extreme Networks (NASDAQ:EXTR). “Buy” rating has 4, “Sell” are 0, while 0 are “Hold”. 100% are bullish. 4 are the (NASDAQ:EXTR)’s analyst reports since January 3, 2018 according to StockzIntelligence Inc. On Wednesday, February 7 Needham maintained Extreme Networks, Inc. (NASDAQ:EXTR) rating. Needham has “Buy” rating and $15.5 target. The stock rating was maintained by Cowen & Co with “Buy” on Tuesday, February 6. On Wednesday, January 3 the stock of Extreme Networks, Inc. (NASDAQ:EXTR) has “Buy” rating given by JMP Securities. The company rating was maintained by DA Davidson on Wednesday, February 7.

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

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