Extreme Networks, Inc. $EXTR Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 67.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 841,004 shares of the technology company’s stock after buying an additional 338,691 shares during the period. BNP Paribas Financial Markets’ holdings in Extreme Networks were worth $14,003,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EXTR. Caitong International Asset Management Co. Ltd purchased a new position in Extreme Networks in the third quarter worth approximately $31,000. Quarry LP increased its position in shares of Extreme Networks by 74.9% in the 3rd quarter. Quarry LP now owns 2,610 shares of the technology company’s stock valued at $54,000 after purchasing an additional 1,118 shares during the last quarter. CWM LLC increased its position in shares of Extreme Networks by 51.7% in the 4th quarter. CWM LLC now owns 3,179 shares of the technology company’s stock valued at $53,000 after purchasing an additional 1,084 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Extreme Networks in the 3rd quarter valued at $70,000. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Extreme Networks during the 3rd quarter worth $91,000. Institutional investors and hedge funds own 91.05% of the company’s stock.

Insider Transactions at Extreme Networks

In other Extreme Networks news, Director Raj Khanna sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $23.20, for a total value of $232,000.00. Following the completion of the sale, the director owned 210,062 shares in the company, valued at approximately $4,873,438.40. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katayoun Motiey sold 7,500 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $28.00, for a total value of $210,000.00. Following the completion of the sale, the insider directly owned 165,834 shares of the company’s stock, valued at $4,643,352. The trade was a 4.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 569,682 shares of company stock worth $13,968,028. Insiders own 3.60% of the company’s stock.

Extreme Networks Price Performance

Shares of NASDAQ:EXTR opened at $28.02 on Monday. Extreme Networks, Inc. has a 12 month low of $13.48 and a 12 month high of $29.77. The firm has a market capitalization of $3.66 billion, a P/E ratio of 233.50, a P/E/G ratio of 2.65 and a beta of 1.80. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.91 and a quick ratio of 0.78. The company’s fifty day moving average price is $21.11 and its 200 day moving average price is $17.62.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $311.48 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Extreme Networks’s revenue for the quarter was up 11.4% on a year-over-year basis. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. As a group, sell-side analysts predict that Extreme Networks, Inc. will post 0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. B. Riley Financial reissued a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. Lake Street Capital reaffirmed a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a report on Thursday, April 30th. Weiss Ratings cut Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. UBS Group set a $28.00 price objective on Extreme Networks in a report on Thursday, April 30th. Finally, Wall Street Zen raised Extreme Networks from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 24th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.50.

Extreme Networks Profile

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.