Adi Capital Management LLC Holding in Extreme Networks INC (EXTR) Trimmed by $12.31 Million

June 15, 2018 - By Maria Brooks

Extreme Networks, Inc. (NASDAQ:EXTR) LogoInvestors sentiment decreased to 1.35 in Q1 2018. Its down 0.11, from 1.46 in 2017Q4. It dived, 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. State Of Alaska Department Of Revenue owns 0.01% invested in Extreme Networks, Inc. (NASDAQ:EXTR) for 37,200 shares. 263,901 are owned by Rhumbline Advisers. 12,470 were accumulated by Jefferies Group Inc Inc Limited Liability Company. Paloma Prtn Management Co reported 139,312 shares. Tiaa Cref Inv Mngmt Limited Co invested in 0.03% or 4.03 million shares. Chicago Equity Prtnrs Ltd Llc reported 0.07% in Extreme Networks, Inc. (NASDAQ:EXTR). Zebra Cap Mgmt Ltd holds 0.19% in Extreme Networks, Inc. (NASDAQ:EXTR) or 46,686 shares. Jpmorgan Chase And Com stated it has 2.59M shares or 0.01% of all its holdings. Nicholas Investment Prns Limited Partnership owns 611,721 shares. Moreover, Public Sector Pension Inv Board has 0.01% invested in Extreme Networks, Inc. (NASDAQ:EXTR). Grp One Trading Lp holds 0% or 25,602 shares in its portfolio. Aqr Mgmt Limited Liability Company has 0% invested in Extreme Networks, Inc. (NASDAQ:EXTR) for 287,640 shares. D E Shaw And Company Incorporated reported 196,246 shares. 75,513 are owned by Cubist Systematic Strategies Ltd Liability. Hbk Invs Limited Partnership invested in 92,400 shares.

Since May 10, 2018, it had 6 insider buys, and 0 insider sales for $1.35 million activity. Shoemaker John C also bought $168,000 worth of Extreme Networks, Inc. (NASDAQ:EXTR) shares. $430,795 worth of Extreme Networks, Inc. (NASDAQ:EXTR) was bought by KENNEDY EDWARD H on Tuesday, May 15. 20,000 shares were bought by MEYERCORD EDWARD, worth $168,400 on Monday, May 14. HOLMGREN KATHLEEN M bought $44,000 worth of stock.

Adi Capital Management Llc decreased its stake in Extreme Networks Inc (EXTR) by 87.38% based on its latest 2018Q1 regulatory filing with the SEC. Adi Capital Management Llc sold 1.12M shares as the company’s stock declined 24.96% with the market. The institutional investor held 161,591 shares of the technology company at the end of 2018Q1, valued at $1.79 million, down from 1.28 million at the end of the previous reported quarter. Adi Capital Management Llc who had been investing in Extreme Networks Inc for a number of months, seems to be less bullish one the $1.05 billion market cap company. The stock decreased 1.09% or $0.1 during the last trading session, reaching $9.06. About 1.29 million shares traded. Extreme Networks, Inc. (NASDAQ:EXTR) has declined 5.57% since June 15, 2017 and is downtrending. It has underperformed by 18.14% the S&P500.

Adi Capital Management Llc, which manages about $130.00M and $126.93 million US Long portfolio, upped its stake in Cott Corp Que (NYSE:COT) by 311,700 shares to 896,226 shares, valued at $13.19M in 2018Q1, according to the filing.

Analysts await Extreme Networks, Inc. (NASDAQ:EXTR) to report earnings on August, 13. They expect $0.13 EPS, down 7.14 % or $0.01 from last year’s $0.14 per share. EXTR’s profit will be $15.07M for 17.42 P/E if the $0.13 EPS becomes a reality. After $0.10 actual EPS reported by Extreme Networks, Inc. for the previous quarter, Wall Street now forecasts 30.00 % EPS growth.

Another recent and important Extreme Networks, Inc. (NASDAQ:EXTR) news was published by Fool.com which published an article titled: “3 Growth Stocks for the Long Term” on June 14, 2018.

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

Among 4 analysts covering Extreme Networks (NASDAQ:EXTR), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Extreme Networks has $18.0 highest and $15.5 lowest target. $16.63’s average target is 83.55% above currents $9.06 stock price. Extreme Networks had 5 analyst reports since December 20, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, February 7 by DA Davidson. The firm earned “Buy” rating on Wednesday, January 3 by JMP Securities. Needham maintained it with “Buy” rating and $15.5 target in Wednesday, February 7 report. On Tuesday, February 6 the stock rating was maintained by Cowen & Co with “Buy”.

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

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