JPMorgan Chase & Co. Reduces Holdings in Extreme Networks, Inc. $EXTR

JPMorgan Chase & Co. reduced its position in Extreme Networks, Inc. (NASDAQ:EXTR) by 18.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 841,761 shares of the technology company’s stock after selling 188,676 shares during the period. JPMorgan Chase & Co. owned 0.63% of Extreme Networks worth $15,110,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey grew its position in shares of Extreme Networks by 3.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 29,356 shares of the technology company’s stock worth $527,000 after acquiring an additional 934 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Extreme Networks by 9.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,100 shares of the technology company’s stock worth $397,000 after purchasing an additional 1,885 shares during the period. AQR Capital Management LLC grew its position in Extreme Networks by 6.6% during the 1st quarter. AQR Capital Management LLC now owns 34,375 shares of the technology company’s stock worth $455,000 after purchasing an additional 2,122 shares during the last quarter. Central Pacific Bank Trust Division increased its stake in Extreme Networks by 12.7% in the second quarter. Central Pacific Bank Trust Division now owns 21,504 shares of the technology company’s stock valued at $386,000 after purchasing an additional 2,415 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Extreme Networks by 7.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,190 shares of the technology company’s stock valued at $614,000 after buying an additional 2,421 shares during the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

Insider Transactions at Extreme Networks

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 1,871,418 shares of the company’s stock, valued at approximately $32,674,958.28. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Extreme Networks Stock Up 0.8%

Extreme Networks stock opened at $17.59 on Friday. The stock’s 50 day moving average price is $18.86 and its 200 day moving average price is $18.84. Extreme Networks, Inc. has a 1-year low of $10.10 and a 1-year high of $22.89. The company has a market cap of $2.35 billion, a PE ratio of 251.29, a price-to-earnings-growth ratio of 1.95 and a beta of 1.67. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.91 and a quick ratio of 0.75.

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

Extreme Networks Profile

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.