Counterpoint Mutual Funds LLC Increases Stock Position in Extreme Networks, Inc. $EXTR

Counterpoint Mutual Funds LLC raised its position in Extreme Networks, Inc. (NASDAQ:EXTR) by 95.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,640 shares of the technology company’s stock after buying an additional 17,902 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Extreme Networks were worth $553,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Alyeska Investment Group L.P. raised its position in Extreme Networks by 301.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,971,718 shares of the technology company’s stock worth $49,479,000 after acquiring an additional 2,232,373 shares during the period. Jain Global LLC bought a new position in Extreme Networks during the fourth quarter valued at $17,361,000. Millennium Management LLC increased its position in Extreme Networks by 163.0% in the first quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after buying an additional 781,103 shares during the last quarter. Southernsun Asset Management LLC increased its position in Extreme Networks by 46.9% in the fourth quarter. Southernsun Asset Management LLC now owns 1,970,886 shares of the technology company’s stock worth $32,815,000 after buying an additional 629,486 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Extreme Networks in the second quarter valued at $11,265,000. 91.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Rosenblatt Securities lifted their price objective on Extreme Networks from $29.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Weiss Ratings downgraded shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Lake Street Capital increased their target price on shares of Extreme Networks from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Bank of America lifted their target price on shares of Extreme Networks from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Finally, Wall Street Zen raised shares of 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 issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Extreme Networks has a consensus rating of “Moderate Buy” and a consensus price target of $30.83.

Extreme Networks Price Performance

Shares of NASDAQ EXTR opened at $29.80 on Friday. The stock has a market cap of $3.90 billion, a PE ratio of 248.33, a price-to-earnings-growth ratio of 1.83 and a beta of 1.77. Extreme Networks, Inc. has a fifty-two week low of $13.48 and a fifty-two week high of $33.10. 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 stock has a fifty day moving average of $26.84 and a 200-day moving average of $19.51.

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 analysts’ consensus estimates of $0.24 by $0.02. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The company had revenue of $316.87 million for the quarter, compared to analyst estimates of $311.48 million. During the same period in the previous year, the company posted $0.21 EPS. The firm’s revenue for the quarter 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.

Insider Buying and Selling

In other Extreme Networks news, CEO Edward Meyercord sold 100,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $29.20, for a total value of $2,920,000.00. Following the sale, the chief executive officer directly owned 1,621,902 shares in the company, valued at $47,359,538.40. This represents a 5.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kathleen M. Holmgren sold 19,521 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $24.78, for a total transaction of $483,730.38. Following the completion of the transaction, the director directly owned 219,308 shares of the company’s stock, valued at approximately $5,434,452.24. The trade was a 8.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 592,182 shares of company stock valued at $15,423,978. Corporate insiders own 3.60% of the company’s stock.

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.