Penserra Capital Management LLC Acquires Shares of 580,363 Extreme Networks, Inc. $EXTR

Penserra Capital Management LLC bought a new position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) in the 2nd quarter, HoldingsChannel reports. The fund bought 580,363 shares of the technology company’s stock, valued at approximately $10,417,000.

Other large investors have also added to or reduced their stakes in the company. Nuveen LLC bought a new stake in Extreme Networks during the 1st quarter worth approximately $14,147,000. Millennium Management LLC boosted its position in shares of Extreme Networks by 163.0% during the first quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock valued at $16,675,000 after buying an additional 781,103 shares during the last quarter. Trigran Investments Inc. grew its holdings in Extreme Networks by 30.3% during the first quarter. Trigran Investments Inc. now owns 3,106,446 shares of the technology company’s stock worth $41,098,000 after buying an additional 722,121 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Extreme Networks by 13.9% during the first quarter. Victory Capital Management Inc. now owns 5,012,386 shares of the technology company’s stock worth $66,314,000 after buying an additional 611,462 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Extreme Networks by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 18,325,419 shares of the technology company’s stock valued at $242,445,000 after acquiring an additional 406,350 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.

Extreme Networks Stock Down 0.5%

EXTR opened at $17.42 on Friday. Extreme Networks, Inc. has a twelve month low of $10.10 and a twelve month high of $22.89. The company’s 50-day moving average price is $20.69 and its two-hundred day moving average price is $18.43. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 248.86, a PEG ratio of 1.89 and a beta of 1.82. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 2.32.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. The company had revenue of $310.25 million during the quarter, compared to analyst estimates of $295.72 million. During the same quarter last year, the business posted $0.17 EPS. Extreme Networks’s quarterly revenue was up 15.2% compared to the same quarter last year. Extreme Networks has set its FY 2026 guidance at EPS. Q2 2026 guidance at 0.230-0.250 EPS. As a group, equities analysts expect that Extreme Networks, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

EXTR has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Extreme Networks from $15.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Needham & Company LLC upped their price objective on shares of Extreme Networks from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Lake Street Capital upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Thursday, August 7th. B. Riley restated a “buy” rating on shares of Extreme Networks in a research note on Thursday, October 30th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 target price on shares of Extreme Networks in a report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Extreme Networks currently has an average rating of “Moderate Buy” and a consensus price target of $23.80.

Insider Buying and Selling at Extreme Networks

In other news, Director Edward H. Kennedy sold 25,000 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $20.01, for a total transaction of $500,250.00. Following the transaction, the director owned 612,691 shares of the company’s stock, valued at $12,259,946.91. This represents a 3.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raj Khanna sold 15,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $19.91, for a total value of $298,650.00. Following the transaction, the director owned 216,708 shares of the company’s stock, valued at $4,314,656.28. The trade was a 6.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 68,000 shares of company stock worth $1,401,460 over the last ninety days. 3.60% of the stock is currently owned by company insiders.

Extreme Networks Company 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.