Simplicity Wealth LLC Acquires Shares of 17,254 Extreme Networks, Inc. $EXTR

Simplicity Wealth LLC bought a new position in Extreme Networks, Inc. (NASDAQ:EXTR) during the first quarter, Holdings Channel.com reports. The fund bought 17,254 shares of the technology company’s stock, valued at approximately $260,000.

A number of other institutional investors have also modified their holdings of EXTR. Royal Bank of Canada grew its stake in Extreme Networks by 20.8% in the first quarter. Royal Bank of Canada now owns 73,610 shares of the technology company’s stock worth $974,000 after purchasing an additional 12,667 shares in the last quarter. AQR Capital Management LLC raised its position in Extreme Networks by 6.6% during the 1st quarter. AQR Capital Management LLC now owns 34,375 shares of the technology company’s stock valued at $455,000 after purchasing an additional 2,122 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Extreme Networks by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,723 shares of the technology company’s stock valued at $1,015,000 after purchasing an additional 3,349 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Extreme Networks by 163.0% in the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after buying an additional 781,103 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Extreme Networks by 7.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 319,434 shares of the technology company’s stock worth $4,226,000 after buying an additional 22,209 shares in the last quarter. 91.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Edward H. Kennedy sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $22.86, for a total transaction of $1,143,000.00. Following the completion of the transaction, the director owned 576,045 shares in the company, valued at $13,168,388.70. The trade was a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Katayoun Motiey sold 30,000 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 120,834 shares of the company’s stock, valued at $3,749,479.02. The trade was a 19.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 592,182 shares of company stock worth $15,423,978 over the last 90 days. 3.60% of the stock is currently owned by insiders.

Extreme Networks Price Performance

Shares of EXTR stock opened at $30.50 on Thursday. Extreme Networks, Inc. has a 1-year low of $13.48 and a 1-year high of $33.73. The stock’s 50-day moving average is $28.74 and its 200 day moving average is $20.38. The company has a market cap of $3.99 billion, a P/E ratio of 254.17, a PEG ratio of 2.03 and a beta of 1.77. 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 (NASDAQ:EXTR) last announced its earnings results on Wednesday, April 29th. The technology company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 1.30% and a return on equity of 81.88%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Research analysts predict that Extreme Networks, Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on EXTR shares. Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 24th. UBS Group set a $28.00 target price on shares of Extreme Networks in a report on Thursday, April 30th. Rosenblatt Securities boosted their price target on shares of Extreme Networks from $29.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Lake Street Capital boosted their price target on shares of Extreme Networks from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday, June 15th. Finally, Bank of America upped their price target on shares of Extreme Networks from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. 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, the stock has a consensus rating of “Moderate Buy” and an average 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.