Extreme Networks, Inc. $EXTR Stake Cut by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its holdings in Extreme Networks, Inc. (NASDAQ:EXTR) by 70.5% in the second quarter, HoldingsChannel.com reports. The firm owned 96,617 shares of the technology company’s stock after selling 230,739 shares during the period. Edgestream Partners L.P.’s holdings in Extreme Networks were worth $1,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in EXTR. Vanguard Group Inc. lifted its position in shares of Extreme Networks by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 18,325,419 shares of the technology company’s stock worth $242,445,000 after buying an additional 406,350 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Extreme Networks by 7.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,311,591 shares of the technology company’s stock worth $17,352,000 after acquiring an additional 90,091 shares during the period. Deutsche Bank AG lifted its holdings in Extreme Networks by 5.2% in the first quarter. Deutsche Bank AG now owns 1,714,297 shares of the technology company’s stock worth $22,680,000 after acquiring an additional 84,075 shares during the last quarter. Headlands Technologies LLC bought a new position in Extreme Networks in the first quarter worth about $264,000. Finally, Invesco Ltd. boosted its stake in Extreme Networks by 3.4% in the first quarter. Invesco Ltd. now owns 533,849 shares of the technology company’s stock valued at $7,063,000 after acquiring an additional 17,431 shares during the period. Institutional investors own 91.05% of the company’s stock.

Insider Activity at Extreme Networks

In other news, CEO Edward Meyercord sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $17.46, for a total value of $873,000.00. Following the completion of the sale, the chief executive officer directly owned 1,871,418 shares of the company’s stock, valued at approximately $32,674,958.28. This represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Oppenheimer upgraded Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a research report on Thursday, October 30th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 target price on shares of Extreme Networks in a research report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Extreme Networks in a report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $24.00 price target on shares of Extreme Networks in a research report on Monday, November 24th. Finally, Bank of America started coverage on shares of Extreme Networks in a research report on Wednesday, November 19th. They issued a “buy” rating and a $24.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Extreme Networks has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

Extreme Networks Trading Up 0.8%

NASDAQ:EXTR opened at $17.59 on Friday. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 251.29, a PEG ratio of 1.94 and a beta of 1.67. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.75 and a current ratio of 0.91. Extreme Networks, Inc. has a 1 year low of $10.10 and a 1 year high of $22.89. The business has a fifty day moving average of $18.86 and a 200-day moving average of $18.82.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $310.25 million for the quarter, compared to analysts’ expectations of $295.72 million. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. The company’s revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 earnings per share. Extreme Networks has set its Q2 2026 guidance at 0.230-0.250 EPS. Equities analysts predict that Extreme Networks, Inc. will post 0.31 earnings per share for the current year.

About Extreme Networks

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.