Diversified Trust Co Increases Position in Extreme Networks, Inc. $EXTR

Diversified Trust Co increased its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 184.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,528 shares of the technology company’s stock after acquiring an additional 20,459 shares during the quarter. Diversified Trust Co’s holdings in Extreme Networks were worth $475,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Extreme Networks by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 19,112,223 shares of the technology company’s stock valued at $318,219,000 after purchasing an additional 349,199 shares during the last quarter. State Street Corp increased its stake in shares of Extreme Networks by 3.9% during the 4th quarter. State Street Corp now owns 5,664,493 shares of the technology company’s stock valued at $94,314,000 after acquiring an additional 213,094 shares during the last quarter. Paradigm Capital Management Inc. NY increased its stake in shares of Extreme Networks by 0.8% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 4,972,500 shares of the technology company’s stock valued at $82,792,000 after acquiring an additional 40,000 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Extreme Networks by 13.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,017,063 shares of the technology company’s stock worth $50,234,000 after acquiring an additional 358,670 shares during the period. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of Extreme Networks by 301.9% during the 4th 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. 91.05% of the stock is owned by hedge funds and other institutional investors.

Extreme Networks Price Performance

EXTR opened at $30.96 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.89. Extreme Networks, Inc. has a 52-week low of $13.48 and a 52-week high of $32.29. The company has a 50 day moving average of $25.24 and a two-hundred day moving average of $18.95. The company has a market cap of $4.05 billion, a P/E ratio of 258.00, a P/E/G ratio of 2.92 and a beta of 1.81.

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

Insider Buying and Selling

In other news, Director Edward H. Kennedy sold 50,000 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $22.86, for a total value of $1,143,000.00. Following the completion of the sale, the director owned 576,045 shares in the company, valued at approximately $13,168,388.70. This trade represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin R. Rhodes sold 35,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $30.43, for a total value of $1,065,050.00. Following the sale, the chief financial officer owned 151,296 shares in the company, valued at approximately $4,603,937.28. The trade was a 18.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 642,182 shares of company stock valued at $16,188,978. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EXTR has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Bank of America increased their price target 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. Needham & Company LLC lifted their price target on shares of Extreme Networks from $21.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Rosenblatt Securities boosted their price objective on shares of Extreme Networks from $29.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Finally, B. Riley Financial restated a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. 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 company. According to MarketBeat.com, Extreme Networks currently has a consensus rating of “Moderate Buy” and an average target price of $30.83.

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.