Fox Run Management L.L.C. Reduces Holdings in Extreme Networks, Inc. $EXTR

Fox Run Management L.L.C. lessened its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 10.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,276 shares of the technology company’s stock after selling 9,596 shares during the quarter. Fox Run Management L.L.C.’s holdings in Extreme Networks were worth $1,513,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in Extreme Networks by 105.6% during the 1st quarter. GAMMA Investing LLC now owns 3,170 shares of the technology company’s stock valued at $42,000 after buying an additional 1,628 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Extreme Networks in the 1st quarter worth approximately $268,000. Principal Financial Group Inc. increased its holdings in shares of Extreme Networks by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 661,779 shares of the technology company’s stock worth $8,755,000 after buying an additional 19,248 shares during the last quarter. Edgestream Partners L.P. raised its position in shares of Extreme Networks by 76.9% during the 1st quarter. Edgestream Partners L.P. now owns 327,356 shares of the technology company’s stock valued at $4,331,000 after buying an additional 142,332 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Extreme Networks by 13.9% during the 1st quarter. Victory Capital Management Inc. now owns 5,012,386 shares of the technology company’s stock worth $66,314,000 after acquiring an additional 611,462 shares during the last quarter. 91.05% of the stock is owned by institutional investors.

Extreme Networks Trading Down 0.5%

Shares of EXTR stock opened at $17.42 on Friday. The business has a 50-day moving average of $20.69 and a 200 day moving average of $18.38. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.91 and a quick ratio of 0.74. Extreme Networks, Inc. has a 1-year low of $10.10 and a 1-year high of $22.89. The stock has a market capitalization of $2.33 billion, a PE ratio of 248.86, a P/E/G ratio of 1.89 and a beta of 1.82.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings results 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 business 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 firm earned $0.17 EPS. The business’s quarterly revenue was up 15.2% on a year-over-year basis. Extreme Networks has set its FY 2026 guidance at EPS. Q2 2026 guidance at 0.230-0.250 EPS. As a group, sell-side analysts anticipate that Extreme Networks, Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Extreme Networks news, Director Edward H. Kennedy sold 25,000 shares of the firm’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $20.01, for a total value of $500,250.00. Following the sale, the director owned 612,691 shares of the company’s stock, valued at $12,259,946.91. This trade represents a 3.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raj Khanna sold 15,000 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $19.91, for a total transaction of $298,650.00. Following the completion of the transaction, the director owned 216,708 shares in the company, 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 valued at $1,401,460 over the last three months. 3.60% of the stock is 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.