Extreme Networks, Inc. $EXTR Shares Bought by Brooktree Capital Management

Brooktree Capital Management lifted its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 220,042 shares of the technology company’s stock after acquiring an additional 10,995 shares during the quarter. Extreme Networks accounts for about 2.6% of Brooktree Capital Management’s portfolio, making the stock its 11th largest position. Brooktree Capital Management owned 0.17% of Extreme Networks worth $3,950,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of EXTR. GAMMA Investing LLC grew its stake in Extreme Networks by 105.6% during the 1st quarter. GAMMA Investing LLC now owns 3,170 shares of the technology company’s stock worth $42,000 after purchasing an additional 1,628 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Extreme Networks in the 2nd quarter valued at about $169,000. Petrus Trust Company LTA purchased a new position in shares of Extreme Networks in the 1st quarter valued at about $158,000. 111 Capital purchased a new position in shares of Extreme Networks in the 2nd quarter valued at about $215,000. Finally, Strs Ohio purchased a new position in shares of Extreme Networks in the 1st quarter valued at about $176,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Extreme Networks Stock Down 0.8%

EXTR opened at $17.65 on Thursday. The business’s 50-day simple moving average is $20.86 and its 200-day simple moving average is $18.35. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.74 and a current ratio of 0.91. Extreme Networks, Inc. has a one year low of $10.10 and a one year high of $22.89. The stock has a market capitalization of $2.36 billion, a P/E ratio of 252.14, a price-to-earnings-growth ratio of 1.89 and a beta of 1.82.

Extreme Networks (NASDAQ:EXTR) last posted its 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 analysts’ expectations 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 was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Extreme Networks has set its FY 2026 guidance at EPS. Q2 2026 guidance at 0.230-0.250 EPS. Analysts anticipate that Extreme Networks, Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EXTR. Needham & Company LLC raised their target price on shares of Extreme Networks from $20.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, August 7th. UBS Group increased their price objective on shares of Extreme Networks from $15.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. B. Riley reiterated a “buy” rating on shares of Extreme Networks in a research note on Thursday, October 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Extreme Networks in a research note on Friday, October 31st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a report on Thursday, October 30th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.80.

Insider Activity

In other news, CFO Kevin R. Rhodes sold 14,000 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $21.52, for a total value of $301,280.00. Following the completion of the sale, the chief financial officer directly owned 126,202 shares of the company’s stock, valued at approximately $2,715,867.04. This represents a 9.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward H. Kennedy sold 25,000 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $20.01, for a total transaction of $500,250.00. Following the completion of the sale, the director owned 612,691 shares of the company’s stock, valued at approximately $12,259,946.91. This trade represents a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 68,000 shares of company stock valued at $1,401,460. 3.60% of the stock is currently owned by company insiders.

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.