Extreme Networks, Inc. $EXTR Shares Sold by Trigran Investments Inc.

Trigran Investments Inc. trimmed its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 25.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,323,371 shares of the technology company’s stock after selling 783,075 shares during the period. Extreme Networks accounts for 7.2% of Trigran Investments Inc.’s investment portfolio, making the stock its 6th largest holding. Trigran Investments Inc.’s holdings in Extreme Networks were worth $41,705,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Focus Partners Wealth lifted its stake in Extreme Networks by 25.3% in the 1st quarter. Focus Partners Wealth now owns 324,736 shares of the technology company’s stock valued at $4,296,000 after purchasing an additional 65,535 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Extreme Networks by 18.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 822,706 shares of the technology company’s stock worth $14,768,000 after buying an additional 126,972 shares during the last quarter. Northern Trust Corp raised its stake in Extreme Networks by 0.8% in the first quarter. Northern Trust Corp now owns 1,494,018 shares of the technology company’s stock valued at $19,766,000 after buying an additional 11,905 shares during the period. Invesco Ltd. raised its stake in Extreme Networks by 3.4% in the first quarter. Invesco Ltd. now owns 533,849 shares of the technology company’s stock valued at $7,063,000 after buying an additional 17,431 shares during the period. Finally, Centurion Wealth Management LLC acquired a new stake in shares of Extreme Networks in the second quarter valued at approximately $395,000. 91.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Extreme Networks in a research note on Tuesday. Oppenheimer raised shares of Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a research report on Thursday, October 30th. Lake Street Capital upgraded shares of Extreme Networks from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $24.00 target price on shares of Extreme Networks in a report on Monday, November 24th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $25.00 price target on shares of Extreme Networks in a report on Tuesday, November 11th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.83.

Extreme Networks Trading Up 0.2%

Shares of Extreme Networks stock opened at $17.45 on Friday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.75 and a current ratio of 0.91. The firm has a 50-day moving average of $18.92 and a 200-day moving average of $18.81. Extreme Networks, Inc. has a 52-week low of $10.10 and a 52-week high of $22.89. The stock has a market cap of $2.33 billion, a PE ratio of 249.29, a PEG ratio of 1.93 and a beta of 1.67.

Extreme Networks (NASDAQ:EXTR) last released 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. The business had revenue of $310.25 million for the quarter, compared to analyst estimates of $295.72 million. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. Extreme Networks’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the firm earned $0.17 earnings per share. Extreme Networks has set its Q2 2026 guidance at 0.230-0.250 EPS. As a group, sell-side analysts forecast that Extreme Networks, Inc. will post 0.31 EPS for the current year.

Insider Activity

In related news, CEO Edward Meyercord sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $17.46, for a total value of $873,000.00. Following the completion of the sale, the chief executive officer directly owned 1,871,418 shares in the company, valued at approximately $32,674,958.28. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.60% of the company’s stock.

About Extreme Networks

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.