Extreme Networks, Inc. $EXTR Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its stake in Extreme Networks, Inc. (NASDAQ:EXTR) by 69.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,897 shares of the technology company’s stock after selling 27,366 shares during the period. Royce & Associates LP’s holdings in Extreme Networks were worth $198,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in Extreme Networks in the 3rd quarter valued at about $31,000. Quarry LP increased its position in Extreme Networks by 74.9% in the 3rd quarter. Quarry LP now owns 2,610 shares of the technology company’s stock valued at $54,000 after acquiring an additional 1,118 shares during the period. CWM LLC increased its position in Extreme Networks by 51.7% in the 4th quarter. CWM LLC now owns 3,179 shares of the technology company’s stock valued at $53,000 after acquiring an additional 1,084 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Extreme Networks in the 3rd quarter valued at about $70,000. Finally, Quadrant Capital Group LLC purchased a new stake in Extreme Networks in the 3rd quarter valued at approximately $91,000. Institutional investors and hedge funds own 91.05% of the company’s stock.

Insiders Place Their Bets

In related news, Director Raj Khanna sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $23.20, for a total value of $232,000.00. Following the sale, the director owned 210,062 shares in the company, valued at $4,873,438.40. This represents a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Edward Meyercord sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $26.10, for a total value of $2,610,000.00. Following the completion of the sale, the chief executive officer owned 1,721,902 shares in the company, valued at approximately $44,941,642.20. This represents a 5.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 412,182 shares of company stock worth $9,456,028. 3.60% of the stock is owned by insiders.

Extreme Networks Stock Performance

EXTR opened at $26.51 on Monday. The stock has a market cap of $3.47 billion, a P/E ratio of 220.92, a P/E/G ratio of 2.50 and a beta of 1.80. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.91 and a quick ratio of 0.78. The stock’s 50 day simple moving average is $19.74 and its 200 day simple moving average is $17.22. Extreme Networks, Inc. has a 1-year low of $13.48 and a 1-year high of $27.28.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EXTR. UBS Group set a $28.00 price objective on Extreme Networks in a report on Thursday, April 30th. Needham & Company LLC lifted their price objective on Extreme Networks from $21.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings lowered Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Wall Street Zen raised Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 24th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Extreme Networks presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

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.