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Westpac Banking Has Upped Its Position in Philip Morris Intl (PM) as Share Value Declined; Diversified Investment Strategies Has Lowered Its Extreme Networks (EXTR) Stake by $1.23 Million; Market Valuation Declined

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Diversified Investment Strategies Llc decreased its stake in Extreme Networks Inc (EXTR) by 32.18% based on its latest 2018Q1 regulatory filing with the SEC. Diversified Investment Strategies Llc sold 112,000 shares as the company’s stock declined 24.96% with the market. The institutional investor held 236,095 shares of the technology company at the end of 2018Q1, valued at $2.61 million, down from 348,095 at the end of the previous reported quarter. Diversified Investment Strategies Llc who had been investing in Extreme Networks Inc for a number of months, seems to be less bullish one the $995.52M market cap company. The stock decreased 0.58% or $0.05 during the last trading session, reaching $8.59. About 1.51 million shares traded. Extreme Networks, Inc. (NASDAQ:EXTR) has declined 5.57% since June 23, 2017 and is downtrending. It has underperformed by 18.14% the S&P500. Some Historical EXTR News: 08/05/2018 – Extreme Networks on Track to Grow 2019 Rev 3 to 5% in Combined Portfolio as Compared to 2H 2018 Run-rate; 08/05/2018 – EXTREME NETWORKS 3Q ADJ REV $262.0M, EST. $268.2M; 23/05/2018 – Extreme Networks Presenting at Conference Jun 15; 03/04/2018 – Harwood Feffer LLP Announces Investigation of Extreme Networks, Inc; 08/05/2018 – Extreme Networks Sees 4Q Rev $277M-$287M; 08/05/2018 – Extreme Networks Sees 4Q Adj EPS 16c-Adj EPS 23c; 30/05/2018 – CRN Exclusive: Extreme Networks Brings Solution Selling Track To ‘Sales Dojo’ Training Program; 23/04/2018 – DJ Extreme Networks Inc, Inst Holders, 1Q 2018 (EXTR); 07/05/2018 – EXTREME NETWORKS INC – ON MAY 1, BORROWED ABOUT $200 MILLION UNDER THE SENIOR SECURED CREDIT FACILITIES TO PAY OFF EXISTING DEBT; 08/05/2018 – EXTREME NETWORKS 3Q ADJ EPS 16C, EST. 21C

Westpac Banking Corp increased its stake in Philip Morris Intl Inc (PM) by 3.25% based on its latest 2018Q1 regulatory filing with the SEC. Westpac Banking Corp bought 3,200 shares as the company’s stock declined 24.69% with the market. The institutional investor held 101,666 shares of the farming and seeds and milling company at the end of 2018Q1, valued at $10.11B, up from 98,466 at the end of the previous reported quarter. Westpac Banking Corp who had been investing in Philip Morris Intl Inc for a number of months, seems to be bullish on the $124.65B market cap company. The stock increased 0.91% or $0.72 during the last trading session, reaching $80.19. About 7.46M shares traded or 4.36% up from the average. Philip Morris International Inc. (NYSE:PM) has declined 32.76% since June 23, 2017 and is downtrending. It has underperformed by 45.33% the S&P500. Some Historical PM News: 08/03/2018 – PHILIP MORRIS INTERNATIONAL INC – DECLARED A REGULAR QUARTERLY DIVIDEND OF $1.07 PER COMMON SHARE; 21/03/2018 – Philip Morris International Shifts Entire Capacity of Its Cigarette Factory in Greece to Smoke-Free Products; 19/04/2018 – PHILIP MORRIS SEES 2018 EFFECTIVE TAX RATE OF ABOUT 26%; 18/05/2018 – Government proposal leaves markets gasping — and ltalians vaping; 21/03/2018 – PHILIP MORRIS INTERNATIONAL – THE EUR 300 MLN INVESTMENT INCLUDED CONSTRUCTION OF 3 BUILDINGS; FACILITY IS EXPECTED TO BE OPERATIONAL BY END OF 2018; 19/04/2018 – Philip Morris Sees 2018 Operating Cash Flow Over $9 Billion; 19/04/2018 – PHILIP MORRIS SEES 2018 EPS $5.25-$5.40, AT PREVAILING FX; 20/04/2018 – Philip Morris International Credit Risk Protected by De-Leveraging Path; 09/04/2018 – Fitch Sees Altria as Well-Positioned Through Its Licensing Agreement With Philip Morris; 20/04/2018 – Philip Morris Bond Trading 3x Average

Analysts await Extreme Networks, Inc. (NASDAQ:EXTR) to report earnings on August, 13. They expect $0.13 earnings per share, down 7.14% or $0.01 from last year’s $0.14 per share. EXTR’s profit will be $15.07 million for 16.52 P/E if the $0.13 EPS becomes a reality. After $0.10 actual earnings per share reported by Extreme Networks, Inc. for the previous quarter, Wall Street now forecasts 30.00% EPS growth.

Since May 10, 2018, it had 6 buys, and 0 insider sales for $1.35 million activity. On Thursday, May 17 the insider KENNEDY EDWARD H bought $451,553. Another trade for 20,000 shares valued at $168,400 was bought by MEYERCORD EDWARD. HOLMGREN KATHLEEN M bought 5,000 shares worth $44,000. Shoemaker John C had bought 20,000 shares worth $168,000 on Friday, May 11.

Among 6 analysts covering Extreme Networks Inc (NASDAQ:EXTR), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Extreme Networks Inc had 15 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by DA Davidson with “Buy” on Wednesday, February 7. The stock of Extreme Networks, Inc. (NASDAQ:EXTR) has “Buy” rating given on Thursday, September 15 by Wunderlich. Needham maintained the stock with “Buy” rating in Wednesday, February 7 report. Cowen & Co maintained it with “Buy” rating and $18.0 target in Tuesday, February 6 report. The stock of Extreme Networks, Inc. (NASDAQ:EXTR) earned “Buy” rating by Wunderlich on Thursday, September 10. Needham maintained the stock with “Buy” rating in Monday, September 19 report. JMP Securities initiated it with “Buy” rating and $16.0 target in Wednesday, January 3 report. On Friday, June 2 the stock rating was maintained by Needham with “Buy”. As per Wednesday, November 8, the company rating was maintained by Craig Hallum. The stock has “Hold” rating by Zacks on Friday, August 14.

More news for Extreme Networks, Inc. (NASDAQ:EXTR) were recently published by: Fool.com, which released: “3 Growth Stocks for the Long Term” on June 14, 2018. Nasdaq.com‘s article titled: “Here’s Why Extreme Networks, Inc. Stock Crashed in May” and published on June 14, 2018 is yet another important article.

Investors sentiment decreased to 1.35 in Q1 2018. Its down 0.11, from 1.46 in 2017Q4. It turned 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. Envestnet Asset has 0% invested in Extreme Networks, Inc. (NASDAQ:EXTR). Citigroup Inc has invested 0% in Extreme Networks, Inc. (NASDAQ:EXTR). Stratos Wealth Prtnrs reported 0% stake. Teacher Retirement Sys Of Texas reported 25,095 shares. Group One Trading Lp owns 0% invested in Extreme Networks, Inc. (NASDAQ:EXTR) for 25,602 shares. Pinebridge Invs LP accumulated 22,788 shares or 0.01% of the stock. Strs Ohio reported 0% stake. Parametric Port Associate Ltd Llc invested in 0% or 189,920 shares. Moreover, Price T Rowe Associate Md has 0% invested in Extreme Networks, Inc. (NASDAQ:EXTR) for 59,519 shares. Principal Gp reported 0.01% in Extreme Networks, Inc. (NASDAQ:EXTR). Wexford Cap L P, a Connecticut-based fund reported 200,000 shares. D E Shaw And accumulated 196,246 shares or 0% of the stock. Da Davidson & Com has 0.03% invested in Extreme Networks, Inc. (NASDAQ:EXTR) for 126,815 shares. Barclays Public Limited has 90,967 shares. Virginia Retirement Sys Et Al reported 0.02% stake.

Among 21 analysts covering Philip Morris International (NYSE:PM), 16 have Buy rating, 1 Sell and 4 Hold. Therefore 76% are positive. Philip Morris International had 63 analyst reports since August 24, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Tuesday, January 30 by Morgan Stanley. The stock of Philip Morris International Inc. (NYSE:PM) has “Neutral” rating given on Wednesday, April 20 by Goldman Sachs. The company was upgraded on Monday, September 12 by Goldman Sachs. The stock of Philip Morris International Inc. (NYSE:PM) has “Underperform” rating given on Friday, April 20 by Bank of America. The company was maintained on Tuesday, June 20 by Jefferies. Societe Generale upgraded the stock to “Buy” rating in Friday, October 20 report. On Thursday, October 19 the stock rating was maintained by Piper Jaffray with “Buy”. Cowen & Co maintained the stock with “Buy” rating in Friday, February 9 report. The rating was maintained by Stifel Nicolaus on Friday, May 18 with “Buy”. The stock of Philip Morris International Inc. (NYSE:PM) has “Buy” rating given on Friday, September 22 by Cowen & Co.

Since February 21, 2018, it had 4 insider buys, and 3 selling transactions for $6.75 million activity. $1.43 million worth of stock was sold by FIRESTONE MARC S on Wednesday, February 21. 6,000 shares valued at $489,360 were bought by Zielinski Miroslaw on Friday, April 27. Geissler Werner had bought 48,750 shares worth $3.97M. CALANTZOPOULOS ANDRE sold $5.08M worth of stock. CAMILLERI LOUIS C sold 100,000 shares worth $8.21 million. $248,282 worth of Philip Morris International Inc. (NYSE:PM) was bought by Whitson Jerry on Wednesday, April 25.

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Seekingalpha.com which released: “The Pain Of Philip Morris” on June 12, 2018, also Seekingalpha.com with their article: “Philip Morris: A Killer Stock” published on June 08, 2018, Fool.com published: “Better Buy: Philip Morris International, Inc. vs. British American Tobacco” on June 16, 2018. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Seekingalpha.com and their article: “Philip Morris: Investors Are Ignoring This” published on May 28, 2018 as well as Fool.com‘s news article titled: “3 Reasons Philip Morris International Investors Should Be More Afraid Than Ever” with publication date: June 01, 2018.

Westpac Banking Corp, which manages about $5007.51B US Long portfolio, decreased its stake in Omnicom Group Inc (NYSE:OMC) by 308 shares to 118,145 shares, valued at $8.59 billion in 2018Q1, according to the filing. It also reduced its holding in Hess Corp (NYSE:HES) by 12,378 shares in the quarter, leaving it with 199,155 shares, and cut its stake in Ameriprise Finl Inc (NYSE:AMP).

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

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