61,373 Shares in Extreme Networks, Inc. $EXTR Acquired by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) in the 2nd quarter, HoldingsChannel reports. The firm bought 61,373 shares of the technology company’s stock, valued at approximately $1,985,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Extreme Networks by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 19,112,223 shares of the technology company’s stock valued at $318,219,000 after acquiring an additional 349,199 shares during the last quarter. Penn Capital Management Company LLC boosted its stake in shares of Extreme Networks by 12.9% during the 4th quarter. Penn Capital Management Company LLC now owns 981,278 shares of the technology company’s stock worth $16,378,000 after acquiring an additional 111,761 shares in the last quarter. CenterBook Partners LP grew its holdings in shares of Extreme Networks by 278.0% in the 4th 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. grew its holdings in shares of Extreme Networks by 4.2% in the 4th 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 during the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Extreme Networks by 9.9% during 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 purchasing an additional 132,727 shares during the period. 91.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on EXTR shares. B. Riley Financial upped their target price on Extreme Networks from $28.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Lake Street Capital lifted their price target on Extreme Networks from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Craig Hallum restated a “buy” rating and set a $31.00 price objective on shares of Extreme Networks in a report on Thursday, August 6th. Weiss Ratings raised shares of Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Wall Street Zen upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Extreme Networks presently has an average rating of “Moderate Buy” and a consensus price target of $32.25.

Extreme Networks Price Performance

Shares of NASDAQ:EXTR opened at $21.89 on Friday. The company’s fifty day moving average is $27.54 and its two-hundred day moving average is $23.01. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.63. 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 $2.86 billion, a P/E ratio of 70.62, a price-to-earnings-growth ratio of 1.45 and a beta of 1.76.

Extreme Networks (NASDAQ:EXTR) last released its earnings results on Wednesday, August 5th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $338.55 million during the quarter, compared to analyst estimates of $332.49 million. Extreme Networks had a return on equity of 88.88% and a net margin of 3.28%.The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 earnings per share. 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. Equities analysts expect that Extreme Networks, Inc. will post 0.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of Extreme Networks stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $29.79, for a total transaction of $1,489,500.00. Following the transaction, the chief executive officer owned 1,596,475 shares of the company’s stock, valued at $47,558,990.25. The trade was a 3.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katayoun Motiey sold 30,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $31.03, for a total value of $930,900.00. Following the completion of the transaction, the insider owned 120,834 shares in the company, valued at $3,749,479.02. This represents a 19.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 144,325 shares of company stock valued at $4,197,148. 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.