Is Extreme Networks, Inc (NASDAQ:EXTR) a good investment?
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Now that that’s out of the way, it’s important to analyze the recent info about Extreme Networks, Inc (NASDAQ:EXTR).
How are hedge funds trading Extreme Networks, Inc (NASDAQ:EXTR)?
At Q2’s end, a total of 16 of the hedge funds we track were long in this stock, a change of 7% from one quarter earlier. With hedge funds’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were boosting their holdings meaningfully.
When using filings from the hedgies we track, Soros Fund Management, managed by George Soros, holds the most valuable position in Extreme Networks, Inc (NASDAQ:EXTR). Soros Fund Management has a $31.9 million position in the stock, comprising 0.3% of its 13F portfolio. On Soros Fund Management’s heels is Jeffrey Smith of Starboard Value LP, with a $26.8 million position; 1.9% of its 13F portfolio is allocated to the stock. Other hedge funds that are bullish include Jim Simons’s Renaissance Technologies, Brett Hendrickson’s Nokomis Capital and Peter S. Park’s Park West Asset Management.
As one would understandably expect, specific money managers were leading the bulls’ herd. Soros Fund Management, managed by George Soros, created the most valuable position in Extreme Networks, Inc (NASDAQ:EXTR). Soros Fund Management had 31.9 million invested in the company at the end of the quarter. Jeffrey Smith’s Starboard Value LP also initiated a $26.8 million position during the quarter. The other funds with new positions in the stock are Jim Simons’s Renaissance Technologies, Brett Hendrickson’s Nokomis Capital, and Peter S. Park’s Park West Asset Management.
What have insiders been doing with Extreme Networks, Inc (NASDAQ:EXTR)?
Insider buying is particularly usable when the company in focus has experienced transactions within the past 180 days. Over the last 180-day time frame, Extreme Networks, Inc (NASDAQ:EXTR) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll also take a look at the relationship between both of these indicators in other stocks similar to Extreme Networks, Inc (NASDAQ:EXTR). These stocks are Silicom Ltd. (NASDAQ:SILC), Super Micro Computer, Inc. (NASDAQ:SMCI), Digi International Inc. (NASDAQ:DGII), Black Box Corporation (NASDAQ:BBOX), and Globecomm Systems, Inc. (NASDAQ:GCOM). This group of stocks belong to the networking & communication devices industry and their market caps resemble EXTR’s market cap.
