17,254 Shares in Extreme Networks, Inc. $EXTR Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC purchased a new position in Extreme Networks, Inc. (NASDAQ:EXTR) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 17,254 shares of the technology company’s stock, valued at approximately $260,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXTR. Caitong International Asset Management Co. Ltd bought a new stake in shares of Extreme Networks during the third quarter valued at approximately $31,000. Rockefeller Capital Management L.P. boosted its position in shares of Extreme Networks by 313.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company’s stock worth $33,000 after acquiring an additional 1,484 shares during the last quarter. Quarry LP grew its stake in Extreme Networks by 74.9% during the third quarter. Quarry LP now owns 2,610 shares of the technology company’s stock valued at $54,000 after acquiring an additional 1,118 shares in the last quarter. CWM LLC grew its stake in Extreme Networks by 51.7% during the fourth quarter. CWM LLC now owns 3,179 shares of the technology company’s stock valued at $53,000 after acquiring an additional 1,084 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Extreme Networks by 136.8% in the 4th quarter. Advisors Asset Management Inc. now owns 3,221 shares of the technology company’s stock valued at $54,000 after acquiring an additional 1,861 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EXTR has been the topic of several research analyst reports. Bank of America boosted 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. B. Riley Financial reaffirmed a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. Rosenblatt Securities boosted their target price on Extreme Networks from $29.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. UBS Group set a $28.00 price target on Extreme Networks in a research note on Thursday, April 30th. Finally, Weiss Ratings raised Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 6th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.83.

Insider Buying and Selling at Extreme Networks

In related news, CFO Kevin R. Rhodes sold 35,000 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $30.43, for a total transaction of $1,065,050.00. Following the completion of the transaction, the chief financial officer owned 151,296 shares in the company, valued at $4,603,937.28. The trade was a 18.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward Meyercord sold 100,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $26.10, for a total value of $2,610,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,721,902 shares in the company, valued at $44,941,642.20. This trade represents a 5.49% decrease in their position. 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 ninety days, insiders have sold 592,182 shares of company stock valued at $15,423,978. 3.60% of the stock is owned by company insiders.

Extreme Networks Trading Down 7.6%

EXTR stock opened at $30.50 on Thursday. Extreme Networks, Inc. has a twelve month low of $13.48 and a twelve month high of $33.73. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 254.17, a price-to-earnings-growth ratio of 2.03 and a beta of 1.77. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.89. The firm’s fifty day simple moving average is $28.74 and its two-hundred day simple moving average is $20.38.

Extreme Networks (NASDAQ:EXTR) last released its earnings results 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. The firm had revenue of $316.87 million during the quarter, compared to analyst estimates 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 was up 11.4% on a year-over-year basis. During the same quarter last year, the business earned $0.21 EPS. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. As a group, 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.