541,968 Shares in Extreme Networks, Inc. $EXTR Bought by OP Asset Management Ltd

OP Asset Management Ltd purchased a new position in Extreme Networks, Inc. (NASDAQ:EXTR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 541,968 shares of the technology company’s stock, valued at approximately $8,173,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Extreme Networks by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 19,112,223 shares of the technology company’s stock valued at $318,219,000 after acquiring an additional 349,199 shares in the last quarter. State Street Corp grew its position in shares of Extreme Networks by 3.9% during the fourth quarter. State Street Corp now owns 5,664,493 shares of the technology company’s stock worth $94,314,000 after purchasing an additional 213,094 shares in the last quarter. Paradigm Capital Management Inc. NY raised its stake in Extreme Networks by 0.8% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 4,972,500 shares of the technology company’s stock valued at $82,792,000 after purchasing an additional 40,000 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Extreme Networks by 13.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,017,063 shares of the technology company’s stock valued at $50,234,000 after purchasing an additional 358,670 shares during the period. Finally, Alyeska Investment Group L.P. lifted its holdings in Extreme Networks by 301.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,971,718 shares of the technology company’s stock worth $49,479,000 after purchasing an additional 2,232,373 shares in the last quarter. 91.05% of the stock is owned by institutional investors.

Extreme Networks Stock Performance

NASDAQ EXTR opened at $30.96 on Friday. The stock has a market capitalization of $4.05 billion, a PE ratio of 258.00, a P/E/G ratio of 2.92 and a beta of 1.81. The business has a 50 day simple moving average of $25.24 and a two-hundred day simple moving average of $18.95. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.91 and a quick ratio of 0.78. Extreme Networks, Inc. has a 1-year low of $13.48 and a 1-year high of $32.29.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 earnings per share (EPS) 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 the consensus estimate 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 previous year, the company posted $0.21 EPS. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. On average, research analysts predict that Extreme Networks, Inc. will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling at Extreme Networks

In other Extreme Networks news, insider Katayoun Motiey sold 30,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $31.03, for a total transaction of $930,900.00. Following the completion of the transaction, the insider owned 120,834 shares in the company, valued at $3,749,479.02. This trade represents a 19.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward Meyercord sold 100,000 shares of Extreme Networks stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $29.20, for a total transaction of $2,920,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,621,902 shares of the company’s stock, valued at $47,359,538.40. The trade was a 5.81% decrease in their ownership of the stock. 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 three months, insiders have sold 642,182 shares of company stock worth $16,188,978. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EXTR shares. Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 24th. B. Riley Financial reiterated a “buy” rating on shares of Extreme Networks in a research report on Thursday, April 30th. Needham & Company LLC boosted their target price on shares of Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. 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. Finally, UBS Group set a $28.00 target price on shares of Extreme Networks in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Extreme Networks presently has an average rating of “Moderate Buy” and a consensus target price of $30.83.

Extreme Networks Company 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.