Extreme Networks, Inc. $EXTR Shares Acquired by Southernsun Asset Management LLC

Southernsun Asset Management LLC lifted its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 91.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,117,003 shares of the technology company’s stock after purchasing an additional 532,582 shares during the period. Extreme Networks comprises about 2.8% of Southernsun Asset Management LLC’s investment portfolio, making the stock its 18th biggest holding. Southernsun Asset Management LLC owned about 0.84% of Extreme Networks worth $20,050,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings 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 worth $242,445,000 after buying an additional 406,350 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Extreme Networks by 7.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,311,591 shares of the technology company’s stock valued at $17,352,000 after acquiring an additional 90,091 shares during the last quarter. Deutsche Bank AG raised its position in shares of Extreme Networks by 5.2% during the 1st quarter. Deutsche Bank AG now owns 1,714,297 shares of the technology company’s stock valued at $22,680,000 after acquiring an additional 84,075 shares in the last quarter. Invesco Ltd. lifted its stake in Extreme Networks by 3.4% during the first quarter. Invesco Ltd. now owns 533,849 shares of the technology company’s stock worth $7,063,000 after purchasing an additional 17,431 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Extreme Networks in the first quarter worth $14,147,000. 91.05% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Edward Meyercord sold 50,000 shares of Extreme Networks stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $17.46, for a total transaction of $873,000.00. Following the sale, the chief executive officer directly owned 1,871,418 shares in the company, valued at $32,674,958.28. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

EXTR has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Extreme Networks in a report on Tuesday, December 2nd. Oppenheimer raised shares of Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research report on Thursday, October 30th. Bank of America assumed coverage on shares of Extreme Networks in a research note on Wednesday, November 19th. They set a “buy” rating and a $24.00 price objective on the stock. Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 target price on shares of Extreme Networks in a report on Tuesday, November 11th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Extreme Networks currently has an average rating of “Moderate Buy” and a consensus target price of $23.83.

Extreme Networks Trading Up 3.2%

Shares of NASDAQ:EXTR opened at $18.15 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 2.32. The company’s 50-day moving average price is $18.82 and its 200 day moving average price is $18.88. The company has a market cap of $2.43 billion, a PE ratio of 259.29, a P/E/G ratio of 1.95 and a beta of 1.67. Extreme Networks, Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $22.89.

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

Extreme Networks 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.