461,629 Shares in Extreme Networks, Inc. $EXTR Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. purchased a new position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) in the first quarter, HoldingsChannel reports. The fund purchased 461,629 shares of the technology company’s stock, valued at approximately $6,961,000.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Extreme Networks by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 19,112,223 shares of the technology company’s stock valued at $318,219,000 after buying an additional 349,199 shares during the last quarter. M&T Bank Corp increased its holdings in Extreme Networks by 547.7% in the 4th quarter. M&T Bank Corp now owns 77,937 shares of the technology company’s stock worth $1,298,000 after buying an additional 65,904 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Extreme Networks during the 4th quarter worth approximately $1,009,000. Impax Asset Management Group plc raised its position in Extreme Networks by 10.5% during the 4th quarter. Impax Asset Management Group plc now owns 945,178 shares of the technology company’s stock worth $15,737,000 after buying an additional 90,000 shares during the last quarter. Finally, Abacus FCF Advisors LLC acquired a new stake in Extreme Networks during the 4th quarter valued at approximately $6,439,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Rosenblatt Securities upped their price objective 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. Bank of America boosted their target price on shares of Extreme Networks from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, June 8th. B. Riley Financial reaffirmed a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. Lake Street Capital increased their price target on Extreme Networks from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Finally, Wall Street Zen lowered Extreme Networks from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Extreme Networks currently has an average rating of “Moderate Buy” and a consensus target price of $32.83.

Extreme Networks Price Performance

Shares of NASDAQ EXTR opened at $29.49 on Monday. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 245.75, a PEG ratio of 1.81 and a beta of 1.77. Extreme Networks, Inc. has a 12 month low of $13.48 and a 12 month high of $33.73. The firm’s 50 day simple moving average is $29.61 and its 200-day simple moving average is $21.03. 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 posted its earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The firm had revenue of $316.87 million during the quarter, compared to analysts’ expectations of $311.48 million. During the same period in the previous year, the business posted $0.21 EPS. The business’s revenue was up 11.4% compared to the same quarter last year. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Analysts expect that Extreme Networks, Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling

In other news, Director Edward H. Kennedy sold 50,000 shares of the stock in a transaction dated 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 sale, the director directly owned 576,045 shares of the company’s stock, valued at $13,168,388.70. This represents 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, CEO Edward Meyercord sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $26.10, for a total value of $2,610,000.00. Following the sale, the chief executive officer owned 1,721,902 shares in the company, valued at $44,941,642.20. This trade represents a 5.49% 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 have sold 592,182 shares of company stock valued at $15,423,978 in the last ninety days. Company insiders own 3.60% of the company’s stock.

About Extreme Networks

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.