Intech Investment Management LLC Sells 35,345 Shares of Extreme Networks, Inc. $EXTR

Intech Investment Management LLC decreased its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 16.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 174,969 shares of the technology company’s stock after selling 35,345 shares during the quarter. Intech Investment Management LLC’s holdings in Extreme Networks were worth $3,141,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Extreme Networks during the first quarter worth about $1,066,000. Brooktree Capital Management grew its stake in shares of Extreme Networks by 15.7% during the 1st quarter. Brooktree Capital Management now owns 209,047 shares of the technology company’s stock worth $2,766,000 after acquiring an additional 28,378 shares in the last quarter. Kovack Advisors Inc. grew its position in Extreme Networks by 45.1% in the first quarter. Kovack Advisors Inc. now owns 30,240 shares of the technology company’s stock valued at $400,000 after purchasing an additional 9,400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Extreme Networks by 20.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,012 shares of the technology company’s stock valued at $569,000 after acquiring an additional 7,430 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Extreme Networks by 30.9% during the 1st quarter. Mackenzie Financial Corp now owns 69,102 shares of the technology company’s stock worth $914,000 after purchasing an additional 16,298 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 target price on shares of Extreme Networks in a report on Tuesday, November 11th. UBS Group upped their price objective on Extreme Networks from $15.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Oppenheimer raised 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. Lake Street Capital raised Extreme Networks from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Thursday, August 7th. Finally, Wall Street Zen downgraded Extreme Networks from a “strong-buy” rating to a “buy” rating in a report on Saturday. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Extreme Networks has a consensus rating of “Moderate Buy” and a consensus target price of $23.80.

Insider Activity at Extreme Networks

In other news, CFO Kevin R. Rhodes sold 14,000 shares of Extreme Networks stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $21.52, for a total transaction of $301,280.00. Following the transaction, the chief financial officer owned 126,202 shares in the company, valued at approximately $2,715,867.04. The trade was a 9.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raj Khanna sold 15,000 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $19.91, for a total transaction of $298,650.00. Following the completion of the sale, the director directly owned 216,708 shares in the company, valued at approximately $4,314,656.28. This represents a 6.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 43,000 shares of company stock worth $901,210. 3.60% of the stock is owned by corporate insiders.

Extreme Networks Stock Performance

NASDAQ EXTR opened at $16.73 on Wednesday. Extreme Networks, Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $22.89. The firm’s fifty day moving average price is $20.09 and its two-hundred day moving average price is $18.69. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.74 and a current ratio of 0.91. The stock has a market cap of $2.24 billion, a PE ratio of 239.00, a PEG 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, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $310.25 million for 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% on a year-over-year basis. During the same period last year, the firm posted $0.17 earnings per share. Extreme Networks has set its FY 2026 guidance at EPS. Q2 2026 guidance at 0.230-0.250 EPS. On average, equities analysts expect that Extreme Networks, Inc. will post 0.31 EPS for the current fiscal year.

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.