Extreme Networks, Inc. $EXTR Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 7.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 526,061 shares of the technology company’s stock after selling 45,382 shares during the quarter. Clearbridge Investments LLC’s holdings in Extreme Networks were worth $8,759,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXTR. Los Angeles Capital Management LLC raised its position in shares of Extreme Networks by 229.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 60,435 shares of the technology company’s stock worth $1,006,000 after acquiring an additional 42,090 shares in the last quarter. Vestcor Inc raised its position in shares of Extreme Networks by 45.8% during the 4th quarter. Vestcor Inc now owns 27,753 shares of the technology company’s stock worth $462,000 after acquiring an additional 8,719 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Extreme Networks during the 4th quarter worth about $238,000. State of Wyoming raised its position in shares of Extreme Networks by 10.2% during the 4th quarter. State of Wyoming now owns 21,211 shares of the technology company’s stock worth $353,000 after acquiring an additional 1,962 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Extreme Networks by 1.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,771,240 shares of the technology company’s stock worth $46,141,000 after acquiring an additional 36,163 shares in the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

Extreme Networks Stock Down 0.5%

EXTR opened at $28.58 on Thursday. The stock has a market capitalization of $3.74 billion, a P/E ratio of 238.17, a price-to-earnings-growth ratio of 2.71 and a beta of 1.81. Extreme Networks, Inc. has a one year low of $13.48 and a one year high of $30.16. The business’s 50-day simple moving average is $21.94 and its 200-day simple moving average is $17.87. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.78 and a current ratio of 0.91.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $316.87 million during 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 period in the prior year, the company earned $0.21 earnings per share. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Analysts anticipate that Extreme Networks, Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

EXTR has been the topic of several research analyst reports. Bank of America raised their target price on Extreme Networks from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday. B. Riley Financial restated a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. Needham & Company LLC upped their target price on shares of Extreme Networks from $21.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 24th. Finally, Weiss Ratings cut shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Insider Transactions at Extreme Networks

In other Extreme Networks news, insider Katayoun Motiey sold 7,500 shares of Extreme Networks stock in a transaction on Monday, June 8th. The shares were sold at an average price of $30.00, for a total value of $225,000.00. Following the transaction, the insider directly owned 150,834 shares in the company, valued at approximately $4,525,020. The trade was a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Raj Khanna sold 10,000 shares of Extreme Networks stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $23.20, for a total transaction of $232,000.00. Following the completion of the transaction, the director owned 210,062 shares in the company, valued at approximately $4,873,438.40. This represents a 4.54% 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. Insiders sold a total of 577,182 shares of company stock valued at $14,193,028 over the last ninety days. 3.60% of the stock is owned by insiders.

Extreme Networks 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.