Federated Hermes Inc. Decreases Stock Holdings in Extreme Networks, Inc. $EXTR

Federated Hermes Inc. lowered its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 21.0% during the second quarter, Holdings Channel.com reports. The firm owned 956,039 shares of the technology company’s stock after selling 254,191 shares during the quarter. Federated Hermes Inc.’s holdings in Extreme Networks were worth $17,161,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its position in shares of Extreme Networks by 3,302.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,460,851 shares of the technology company’s stock valued at $44,172,000 after buying an additional 2,388,527 shares during the last quarter. Nuveen LLC bought a new position in shares of Extreme Networks during the 1st quarter worth approximately $14,147,000. Millennium Management LLC raised its stake in shares of Extreme Networks by 163.0% during the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after acquiring an additional 781,103 shares in the last quarter. Trigran Investments Inc. lifted its position in Extreme Networks by 30.3% during the first quarter. Trigran Investments Inc. now owns 3,106,446 shares of the technology company’s stock valued at $41,098,000 after acquiring an additional 722,121 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Extreme Networks by 21.7% in the second quarter. American Century Companies Inc. now owns 3,494,851 shares of the technology company’s stock valued at $62,733,000 after acquiring an additional 622,953 shares in the last quarter. 91.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Edward Meyercord sold 50,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer directly owned 1,871,418 shares of the company’s stock, valued at $32,674,958.28. This represents a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.

Extreme Networks Stock Up 0.8%

Extreme Networks stock opened at $18.20 on Thursday. The business’s 50-day simple moving average is $18.71 and its two-hundred day simple moving average is $18.89. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.75 and a current ratio of 0.91. The company has a market cap of $2.43 billion, a PE ratio of 260.00, a PEG ratio of 2.00 and a beta of 1.67. Extreme Networks, Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $22.89.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EXTR shares. B. Riley reaffirmed a “buy” rating on shares of Extreme Networks in a research report on Thursday, October 30th. Bank of America initiated coverage on Extreme Networks in a research report on Wednesday, November 19th. They set a “buy” rating and a $24.00 target price on the stock. Oppenheimer upgraded Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price target for the company in a research note on Thursday, October 30th. Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a research report on Tuesday, November 11th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.83.

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.