Hsbc Holdings PLC Has $1.12 Million Stock Position in Extreme Networks, Inc. $EXTR

Hsbc Holdings PLC boosted its position in Extreme Networks, Inc. (NASDAQ:EXTR) by 118.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,814 shares of the technology company’s stock after acquiring an additional 33,486 shares during the period. Hsbc Holdings PLC’s holdings in Extreme Networks were worth $1,117,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its position in shares of Extreme Networks by 2,616.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 5,867 shares of the technology company’s stock worth $105,000 after purchasing an additional 5,651 shares during the period. Petrus Trust Company LTA acquired a new stake in Extreme Networks in the 1st quarter valued at $158,000. Trust Co. of Toledo NA OH bought a new stake in Extreme Networks during the 2nd quarter valued at $169,000. Strs Ohio acquired a new position in Extreme Networks during the first quarter worth $176,000. Finally, Vise Technologies Inc. acquired a new position in Extreme Networks during the second quarter worth $202,000. Institutional investors own 91.05% of the company’s stock.

Insiders Place Their Bets

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $17.46, for a total value of $873,000.00. Following the completion of the sale, the chief executive officer directly owned 1,871,418 shares of the company’s stock, valued at $32,674,958.28. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.60% of the company’s stock.

Extreme Networks Price Performance

EXTR opened at $18.15 on Tuesday. Extreme Networks, Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $22.89. The firm has a 50-day moving average of $18.82 and a 200 day moving average of $18.88. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.75 and a current ratio of 0.91. The firm has a market cap of $2.43 billion, a P/E ratio of 259.29, a PEG ratio of 1.95 and a beta of 1.67.

Extreme Networks (NASDAQ:EXTR) last released its earnings results on Wednesday, October 29th. The technology company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. The firm had revenue of $310.25 million for the quarter, compared to analysts’ expectations of $295.72 million. During the same period in the previous year, the company earned $0.17 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Extreme Networks has set its Q2 2026 guidance at 0.230-0.250 EPS. On average, research analysts expect that Extreme Networks, Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXTR. Wall Street Zen upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Friday, November 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 price target on shares of Extreme Networks in a research report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Extreme Networks in a report on Tuesday, December 2nd. Bank of America initiated coverage on Extreme Networks in a research note on Wednesday, November 19th. They issued a “buy” rating and a $24.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $24.00 target price on shares of Extreme Networks in a report on Monday, November 24th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.83.

Extreme Networks Profile

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.