Counterpoint Mutual Funds LLC Raises Stock Holdings in Extreme Networks, Inc. $EXTR

Counterpoint Mutual Funds LLC increased its stake in Extreme Networks, Inc. (NASDAQ:EXTR) by 95.5% during the 1st quarter, Holdings Channel reports. The firm owned 36,640 shares of the technology company’s stock after purchasing an additional 17,902 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Extreme Networks were worth $553,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Alyeska Investment Group L.P. lifted its position in Extreme Networks by 301.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,971,718 shares of the technology company’s stock valued at $49,479,000 after purchasing an additional 2,232,373 shares during the last quarter. Jain Global LLC bought a new position in shares of Extreme Networks in the 4th quarter worth $17,361,000. Millennium Management LLC raised its position in shares of Extreme Networks by 163.0% during the 1st 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 in the last quarter. Southernsun Asset Management LLC raised its position in shares of Extreme Networks by 46.9% during the 4th quarter. Southernsun Asset Management LLC now owns 1,970,886 shares of the technology company’s stock valued at $32,815,000 after buying an additional 629,486 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Extreme Networks during the 2nd quarter worth $11,265,000. 91.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Lake Street Capital upped their target price on shares of Extreme Networks from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Rosenblatt Securities raised their price target on Extreme Networks from $29.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Needham & Company LLC lifted their price target on Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Bank of America upped their price objective on Extreme Networks from $28.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Finally, UBS Group set a $28.00 price objective on Extreme Networks in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.83.

Insider Activity

In other news, insider Katayoun Motiey sold 30,000 shares of Extreme Networks stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $31.03, for a total value of $930,900.00. Following the transaction, the insider owned 120,834 shares in the company, valued at approximately $3,749,479.02. The trade was a 19.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin R. Rhodes sold 35,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $30.43, for a total value of $1,065,050.00. Following the completion of the sale, the chief financial officer directly owned 151,296 shares of the company’s stock, valued at approximately $4,603,937.28. This trade represents a 18.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 592,182 shares of company stock valued at $15,423,978. Company insiders own 3.60% of the company’s stock.

Extreme Networks Price Performance

Shares of Extreme Networks stock opened at $29.80 on Friday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.78 and a current ratio of 0.91. Extreme Networks, Inc. has a 52-week low of $13.48 and a 52-week high of $33.10. The company has a fifty day moving average of $26.84 and a 200-day moving average of $19.51. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 248.33, a price-to-earnings-growth ratio of 1.83 and a beta of 1.77.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Wednesday, April 29th. The technology company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $316.87 million for the quarter, compared to analysts’ expectations of $311.48 million. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Equities research analysts expect that Extreme Networks, Inc. will post 0.53 EPS for the current year.

Extreme Networks Profile

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.