Villanova Investment Management Co LLC Sells 37,818 Shares of Extreme Networks, Inc. $EXTR

Villanova Investment Management Co LLC lowered its stake in Extreme Networks, Inc. (NASDAQ:EXTR) by 48.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,825 shares of the technology company’s stock after selling 37,818 shares during the quarter. Villanova Investment Management Co LLC’s holdings in Extreme Networks were worth $843,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Semanteon Capital Management LP acquired a new stake in shares of Extreme Networks during the third quarter worth $559,000. Hillsdale Investment Management Inc. increased its holdings in Extreme Networks by 73,806.7% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 332,580 shares of the technology company’s stock worth $6,868,000 after purchasing an additional 332,130 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Extreme Networks by 36.5% in the 3rd quarter. GSA Capital Partners LLP now owns 49,789 shares of the technology company’s stock valued at $1,028,000 after purchasing an additional 13,310 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Extreme Networks in the 3rd quarter valued at about $3,610,000. Finally, Brooktree Capital Management lifted its holdings in shares of Extreme Networks by 2.4% in the third quarter. Brooktree Capital Management now owns 225,213 shares of the technology company’s stock valued at $4,651,000 after purchasing an additional 5,171 shares in the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

Insider Buying and Selling at Extreme Networks

In other news, CEO Edward Meyercord sold 50,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $14.91, for a total value of $745,500.00. Following the sale, the chief executive officer directly owned 1,871,418 shares of the company’s stock, valued at approximately $27,902,842.38. This represents a 2.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 150,000 shares of company stock worth $2,445,500. 3.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EXTR shares. Wall Street Zen downgraded Extreme Networks from a “strong-buy” rating to a “buy” rating in a report on Monday, February 2nd. Oppenheimer raised shares of Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price target for the company in a research note on Thursday, October 30th. Needham & Company LLC lowered their price objective on shares of Extreme Networks from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. UBS Group restated a “neutral” rating and set a $17.00 target price on shares of Extreme Networks in a report on Thursday, January 29th. Finally, Bank of America assumed coverage on shares of Extreme Networks in a research report on Wednesday, November 19th. They issued a “buy” rating and a $24.00 target price for the company. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.67.

Extreme Networks Trading Up 0.1%

Shares of Extreme Networks stock opened at $14.05 on Monday. The stock has a market cap of $1.89 billion, a P/E ratio of 200.74, a P/E/G ratio of 1.51 and a beta of 1.68. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 1.61. Extreme Networks, Inc. has a 12-month low of $10.10 and a 12-month high of $22.89. The business’s 50 day moving average is $15.65 and its 200-day moving average is $18.32.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. The business had revenue of $317.93 million for the quarter, compared to the consensus estimate of $312.33 million. During the same period in the previous year, the company earned $0.21 earnings per share. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Extreme Networks has set its Q3 2026 guidance at 0.230-0.250 EPS and its FY 2026 guidance at 0.980-1.020 EPS. Equities research analysts predict that Extreme Networks, Inc. will post 0.31 earnings per share for the current fiscal 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.