Extreme Networks, Inc. $EXTR Stock Holdings Decreased by Penn Capital Management Company LLC

Penn Capital Management Company LLC lowered its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 22.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 869,517 shares of the technology company’s stock after selling 248,504 shares during the quarter. Extreme Networks accounts for about 1.4% of Penn Capital Management Company LLC’s holdings, making the stock its 16th largest position. Penn Capital Management Company LLC owned approximately 0.65% of Extreme Networks worth $17,999,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in EXTR. State Street Corp grew its position in Extreme Networks by 0.4% during the 2nd quarter. State Street Corp now owns 5,392,673 shares of the technology company’s stock worth $96,798,000 after purchasing an additional 24,120 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Extreme Networks by 21.7% in the second quarter. American Century Companies Inc. now owns 3,494,851 shares of the technology company’s stock valued at $62,733,000 after purchasing an additional 622,953 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Extreme Networks by 1.0% in the second quarter. Geode Capital Management LLC now owns 3,191,820 shares of the technology company’s stock worth $57,301,000 after buying an additional 33,045 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Extreme Networks by 8.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,658,393 shares of the technology company’s stock valued at $54,896,000 after buying an additional 197,542 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Extreme Networks by 163.0% during the first quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock valued at $16,675,000 after buying an additional 781,103 shares in the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Extreme Networks Stock Performance

Shares of NASDAQ EXTR opened at $15.05 on Wednesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.95 and a quick ratio of 0.80. Extreme Networks, Inc. has a one year low of $10.10 and a one year high of $22.89. The business’s 50-day moving average price is $14.80 and its two-hundred day moving average price is $17.58. The company has a market capitalization of $2.02 billion, a P/E ratio of 215.03, a price-to-earnings-growth ratio of 1.60 and a beta of 1.67.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $317.93 million during the quarter, compared to the consensus estimate of $312.33 million. Extreme Networks had a return on equity of 75.56% and a net margin of 0.75%.The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. Extreme Networks has set its Q3 2026 guidance at 0.230-0.250 EPS and its FY 2026 guidance at 0.980-1.020 EPS. Analysts anticipate that Extreme Networks, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EXTR shares. Bank of America began coverage on Extreme Networks in a research note on Wednesday, November 19th. They issued a “buy” rating and a $24.00 price objective for the company. Weiss Ratings cut Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 target price on shares of Extreme Networks in a report on Thursday, January 29th. UBS Group reissued a “neutral” rating and issued a $17.00 price target on shares of Extreme Networks in a research report on Thursday, January 29th. Finally, Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Extreme Networks has an average rating of “Moderate Buy” and a consensus target price of $22.67.

Insider Buying and Selling

In related news, CEO Edward Meyercord sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $14.91, for a total transaction of $745,500.00. Following the transaction, the chief executive officer owned 1,871,418 shares of the company’s stock, valued at approximately $27,902,842.38. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.60% of the company’s stock.

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.