Extreme Networks, Inc. $EXTR Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. boosted its stake in Extreme Networks, Inc. (NASDAQ:EXTR) by 5.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 308,660 shares of the technology company’s stock after purchasing an additional 15,880 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.23% of Extreme Networks worth $4,655,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in Extreme Networks during the third quarter worth approximately $31,000. Rockefeller Capital Management L.P. grew its stake in shares of Extreme Networks by 313.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company’s stock valued at $33,000 after buying an additional 1,484 shares during the period. Quarry LP increased its holdings in shares of Extreme Networks by 74.9% during the 3rd quarter. Quarry LP now owns 2,610 shares of the technology company’s stock worth $54,000 after buying an additional 1,118 shares during the last quarter. CWM LLC increased its holdings in shares of Extreme Networks by 51.7% during the 4th quarter. CWM LLC now owns 3,179 shares of the technology company’s stock worth $53,000 after buying an additional 1,084 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Extreme Networks by 136.8% in the 4th quarter. Advisors Asset Management Inc. now owns 3,221 shares of the technology company’s stock worth $54,000 after buying an additional 1,861 shares during the period. Institutional investors and hedge funds own 91.05% of the company’s stock.

Insider Buying and Selling

In related news, CFO Kevin R. Rhodes sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $30.43, for a total transaction of $1,065,050.00. Following the transaction, the chief financial officer directly owned 151,296 shares of the company’s stock, valued at approximately $4,603,937.28. The trade was a 18.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kathleen M. Holmgren sold 19,521 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $24.78, for a total value of $483,730.38. Following the completion of the transaction, the director owned 219,308 shares of the company’s stock, valued at approximately $5,434,452.24. This represents a 8.17% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 592,182 shares of company stock valued at $15,423,978. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EXTR. Weiss Ratings upgraded Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 6th. Bank of America upped 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. Needham & Company LLC raised their price objective on Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Wall Street Zen raised Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 24th. Finally, Lake Street Capital boosted their target price on Extreme Networks from $25.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Extreme Networks currently has an average rating of “Moderate Buy” and a consensus target price of $30.83.

Extreme Networks Stock Up 0.3%

Shares of NASDAQ EXTR opened at $33.02 on Wednesday. Extreme Networks, Inc. has a 12-month low of $13.48 and a 12-month high of $33.73. The company has a market cap of $4.32 billion, a P/E ratio of 275.17, a P/E/G ratio of 2.02 and a beta of 1.77. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.89. The stock has a fifty day moving average price of $28.60 and a 200 day moving average price of $20.28.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data 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 company had revenue of $316.87 million for the quarter, compared to analysts’ expectations of $311.48 million. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Research analysts anticipate that Extreme Networks, Inc. will post 0.53 EPS for the current fiscal year.

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.