JPMorgan Chase & Co. Decreases Stock Position in Extreme Networks, Inc. $EXTR

JPMorgan Chase & Co. reduced its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 18.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 841,761 shares of the technology company’s stock after selling 188,676 shares during the period. JPMorgan Chase & Co.’s holdings in Extreme Networks were worth $15,110,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Extreme Networks by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 18,325,419 shares of the technology company’s stock worth $242,445,000 after purchasing an additional 406,350 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Extreme Networks by 7.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,311,591 shares of the technology company’s stock valued at $17,352,000 after buying an additional 90,091 shares during the last quarter. Deutsche Bank AG increased its position in Extreme Networks by 5.2% during the first quarter. Deutsche Bank AG now owns 1,714,297 shares of the technology company’s stock worth $22,680,000 after buying an additional 84,075 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Extreme Networks in the first quarter worth $264,000. Finally, Invesco Ltd. lifted its position in shares of Extreme Networks by 3.4% in the first quarter. Invesco Ltd. now owns 533,849 shares of the technology company’s stock valued at $7,063,000 after acquiring an additional 17,431 shares in the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EXTR shares. Rosenblatt Securities reiterated a “buy” rating and set a $25.00 price objective on shares of Extreme Networks in a research report on Tuesday, November 11th. Wall Street Zen upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Friday, November 28th. Oppenheimer raised shares of Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a research note on Thursday, October 30th. B. Riley restated a “buy” rating on shares of Extreme Networks in a research report on Thursday, October 30th. Finally, Bank of America started coverage on Extreme Networks in a report on Wednesday, November 19th. They issued a “buy” rating and a $24.00 price target for the company. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.83.

Extreme Networks Stock Performance

Shares of EXTR stock opened at $17.59 on Friday. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 251.29, a price-to-earnings-growth ratio of 1.95 and a beta of 1.67. The company has a 50 day moving average price of $18.86 and a 200 day moving average price of $18.84. Extreme Networks, Inc. has a one year low of $10.10 and a one year high of $22.89. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.75 and a current ratio of 0.91.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Extreme Networks had a return on equity of 81.83% and a net margin of 0.73%.The company had revenue of $310.25 million for the quarter, compared to analysts’ expectations of $295.72 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The firm’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. Sell-side analysts anticipate that Extreme Networks, Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

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

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.