Extreme Networks, Inc. $EXTR Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd increased its position in Extreme Networks, Inc. (NASDAQ:EXTR) by 326.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,464 shares of the technology company’s stock after purchasing an additional 33,270 shares during the quarter. WINTON GROUP Ltd’s holdings in Extreme Networks were worth $1,407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Penn Capital Management Company LLC boosted its position in Extreme Networks by 12.9% in the 4th quarter. Penn Capital Management Company LLC now owns 981,278 shares of the technology company’s stock valued at $16,378,000 after buying an additional 111,761 shares during the last quarter. CenterBook Partners LP increased its position in shares of Extreme Networks by 278.0% during the fourth quarter. CenterBook Partners LP now owns 426,394 shares of the technology company’s stock worth $7,099,000 after acquiring an additional 313,595 shares during the last quarter. Trigran Investments Inc. lifted its stake in shares of Extreme Networks by 4.2% in the fourth quarter. Trigran Investments Inc. now owns 2,285,391 shares of the technology company’s stock worth $38,052,000 after acquiring an additional 92,990 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Extreme Networks by 9.9% in the fourth quarter. William Blair Investment Management LLC now owns 1,479,635 shares of the technology company’s stock worth $24,636,000 after acquiring an additional 132,727 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in Extreme Networks in the second quarter valued at about $2,931,000. 91.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Extreme Networks news, CFO Kevin Rhodes sold 21,825 shares of Extreme Networks stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $22.30, for a total value of $486,697.50. Following the completion of the transaction, the chief financial officer directly owned 196,803 shares in the company, valued at $4,388,706.90. The trade was a 9.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Edward Meyercord sold 50,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $29.79, for a total value of $1,489,500.00. Following the sale, the chief executive officer owned 1,596,475 shares in the company, valued at $47,558,990.25. The trade was a 3.04% 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. 3.60% of the stock is owned by corporate insiders.

Extreme Networks Stock Up 4.8%

EXTR stock opened at $22.20 on Friday. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 71.62, a PEG ratio of 1.46 and a beta of 1.76. Extreme Networks, Inc. has a 1-year low of $13.48 and a 1-year high of $33.73. The firm has a fifty day moving average price of $26.40 and a two-hundred day moving average price of $23.26. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.93 and a quick ratio of 0.81.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. Extreme Networks had a net margin of 3.28% and a return on equity of 88.88%. The company had revenue of $338.55 million for the quarter, compared to the consensus estimate of $332.49 million. During the same period last year, the firm posted $0.25 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Extreme Networks has set its FY 2027 guidance at 1.280-1.330 EPS and its Q1 2027 guidance at 0.270-0.290 EPS. Research analysts predict that Extreme Networks, Inc. will post 0.75 EPS for the current year.

Analyst Ratings Changes

EXTR has been the topic of several analyst reports. Weiss Ratings upgraded Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 31st. Rosenblatt Securities dropped their target price on shares of Extreme Networks from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. B. Riley Financial upped their target price on shares of Extreme Networks from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Oppenheimer reaffirmed an “outperform” rating on shares of Extreme Networks in a research report on Thursday, August 6th. Finally, Bank of America lifted their price target on Extreme Networks from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Extreme Networks has an average rating of “Moderate Buy” and an average target price of $32.25.

Extreme Networks Company Profile

Extreme Networks, Inc (NASDAQ: EXTR) provides cloud-driven networking solutions for enterprises and organizations. Its portfolio includes wired and wireless network infrastructure, Ethernet switches, wireless access points, routers, network management software, analytics, and security tools designed to help customers build, monitor, and operate modern networks.

The company’s cloud networking offerings include ExtremeCloud IQ, a platform for managing and analyzing network environments across distributed locations.