Rk Capital Management LLC Decreased Stake in Extreme Networks INC (EXTR)

June 29, 2018 - By Sarah Holford

Extreme Networks, Inc. (NASDAQ:EXTR) Corporate LogoDuring Q1 2018 the big money sentiment decreased to 1.35. That’s change of 0.11, from 2017Q4’s 1.46. 30 investors sold all, 51 reduced holdings as EXTR ratio worsened. 65 grew stakes while 44 funds took stakes. Funds hold 97.14 million shares thus 8.91% more from 2017Q4’s 89.19 million shares. First Quadrant Lp Ca accumulated 236,868 shs. Int Gru has 73,033 shs. Invesco Ltd has invested 0.01% in Extreme Networks, Inc. (NASDAQ:EXTR). British Columbia – Canada-based Numerixs Invest Tech has invested 0.05% in Extreme Networks, Inc. (NASDAQ:EXTR). Granahan Investment Ma stated it has 0.78% in Extreme Networks, Inc. (NASDAQ:EXTR). Moreover, Millrace Asset has 2.81% invested in Extreme Networks, Inc. (NASDAQ:EXTR). Service Automobile Association owns 593,322 shs for 0.02% of their capital. Citigroup holds 0% in Extreme Networks, Inc. (NASDAQ:EXTR) or 8,619 shs. Jacobs Levy Equity Mgmt holds 0.12% in Extreme Networks, Inc. (NASDAQ:EXTR) or 629,847 shs. Axa owns 528,900 shs. Connecticut-based Point72 Asset Mgmt LP has invested 0.03% in Extreme Networks, Inc. (NASDAQ:EXTR). Tci Wealth Advisors Inc has invested 0% of its capital in Extreme Networks, Inc. (NASDAQ:EXTR). Alliancebernstein LP owns 1.54M shs. Prudential Financial Inc stated it has 316,002 shs or 0.01% of all its holdings. Federated Investors Pa holds 226 shs.

EXTR registered $1.35 million net activity with 6 insider purchases and 0 insider sales since May 10, 2018. On Tuesday, May 15 50,000 shs were bought by KENNEDY EDWARD H, worth $430,795. 20,000 Extreme Networks, Inc. (NASDAQ:EXTR) shs with value of $168,000 were bought by Shoemaker John C. On Thursday, May 10 HOLMGREN KATHLEEN M bought $44,000 worth of Extreme Networks, Inc. (NASDAQ:EXTR). On Monday, May 14 Shares for $168,400 were bought by MEYERCORD EDWARD.

Rk Capital Management Llc’s stake in Extreme Networks Inc (EXTR) is reduced by 37.65% based on its latest 2018Q1 regulatory filing with the SEC. 497,700 shares were sold by Rk Capital Management Llc as the company’s stock declined 24.96% with the market. At the end of 2018Q1, the 824,176 shares of the technology company held by the hedge fund were valued at $9.12M, down from 1.32 million at the end of the previous reported quarter. Rk Capital Management Llc has risen its stake in Mercury Sys Inc (NASDAQ:MRCY) and also increased its holding in Commercehub Inc by 152,300 shares in the quarter, for a total of 273,038 shares.

Extreme Networks, Inc. (NASDAQ:EXTR)’s earnings report is awaited on August, 13., according to Faxor. Analysts forecast 7.14 % diference or $0.13 from the $0.14 EPS from 2017. EXTR’s profit could be $15.07 million with 15.24 P/E in case $0.13 earnings per share is reported. Wall Street sees 30.00 % EPS growth as of August, 13.

There’s a significant Extreme Networks, Inc. (NASDAQ:EXTR) news announced by Nasdaq.com. It’s an item 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”. (NASDAQ:EXTR) has 100% bullish analysts. 4 are the (NASDAQ:EXTR)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Wednesday, January 3 the firm has “Buy” rating given by JMP Securities. On Wednesday, February 7 the stock of Extreme Networks, Inc. (NASDAQ:EXTR) has “Buy” rating given by Needham. In Wednesday, February 7 report DA Davidson maintained it with “Buy” rating and $17.0 target. On Tuesday, February 6 the stock has “Buy” rating by Cowen & Co.

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

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