AXQ Capital LP Purchases New Holdings in Extreme Networks, Inc. $EXTR

AXQ Capital LP purchased a new stake in Extreme Networks, Inc. (NASDAQ:EXTR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,665 shares of the technology company’s stock, valued at approximately $327,000.

Several other hedge funds have also made changes to their positions in EXTR. Vanguard Group Inc. lifted its position in Extreme Networks by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 19,112,223 shares of the technology company’s stock worth $318,219,000 after buying an additional 349,199 shares in the last quarter. State Street Corp lifted its stake in shares of Extreme Networks by 0.4% in the 2nd quarter. State Street Corp now owns 5,392,673 shares of the technology company’s stock valued at $96,798,000 after purchasing an additional 24,120 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Extreme Networks by 8.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,658,393 shares of the technology company’s stock valued at $54,896,000 after purchasing an additional 197,542 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Extreme Networks by 9.9% in the 4th quarter. William Blair Investment Management LLC now owns 1,479,635 shares of the technology company’s stock valued at $24,636,000 after purchasing an additional 132,727 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Extreme Networks by 163.0% in the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock valued at $16,675,000 after purchasing an additional 781,103 shares during the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Analysts Set New Price Targets

EXTR has been the subject of several analyst reports. B. Riley Financial reaffirmed a “buy” rating on shares of Extreme Networks in a research note on Thursday, April 30th. Lake Street Capital reiterated a “buy” rating and issued a $25.00 target price on shares of Extreme Networks in a report on Thursday, April 30th. Weiss Ratings downgraded shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. UBS Group set a $28.00 target price on shares of Extreme Networks in a report on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 24th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Extreme Networks presently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Insider Buying and Selling at Extreme Networks

In other news, insider Katayoun Motiey sold 7,500 shares of Extreme Networks stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $28.00, for a total transaction of $210,000.00. Following the sale, the insider directly owned 165,834 shares in the company, valued at approximately $4,643,352. The trade was a 4.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kathleen M. Holmgren sold 19,521 shares of Extreme Networks stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $24.78, for a total transaction of $483,730.38. Following the sale, the director owned 219,308 shares in the company, valued at approximately $5,434,452.24. This trade represents a 8.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 569,682 shares of company stock worth $13,968,028 in the last 90 days. 3.60% of the stock is currently owned by insiders.

Extreme Networks Stock Performance

NASDAQ:EXTR opened at $29.61 on Friday. The firm’s 50-day moving average is $20.86 and its 200-day moving average is $17.54. Extreme Networks, Inc. has a 52-week low of $13.48 and a 52-week high of $29.78. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.78 and a current ratio of 0.91. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 246.75, a PEG ratio of 2.72 and a beta of 1.81.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The company had revenue of $316.87 million for the quarter, compared to the consensus estimate of $311.48 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The business’s revenue was up 11.4% compared to the same quarter last year. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Equities research analysts anticipate that Extreme Networks, Inc. will post 0.53 earnings per share for the current year.

About Extreme Networks

Extreme Networks, Inc (NASDAQ: EXTR) is a global provider of end-to-end networking solutions designed to support enterprise, data center, and service provider environments. The company’s product portfolio encompasses high-performance wired and wireless access switches, routers, network security appliances, and software-defined networking (SDN) tools. Driven by a cloud-native management architecture, Extreme’s Intelligent Edge Platform integrates network analytics, automation and orchestration capabilities to help organizations optimize performance, reduce operational complexity and strengthen security.

Since its founding in the mid-1990s and subsequent public listing in 1999, Extreme Networks has expanded its technology footprint through targeted acquisitions.