Extreme Networks, Inc. $EXTR Shares Bought by Brooktree Capital Management

Brooktree Capital Management boosted its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 5.3% in the second quarter, Holdings Channel reports. The fund owned 220,042 shares of the technology company’s stock after purchasing an additional 10,995 shares during the period. Extreme Networks accounts for about 2.6% of Brooktree Capital Management’s portfolio, making the stock its 11th biggest position. Brooktree Capital Management’s holdings in Extreme Networks were worth $3,950,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EXTR. GAMMA Investing LLC raised its stake in shares of Extreme Networks by 105.6% during the first quarter. GAMMA Investing LLC now owns 3,170 shares of the technology company’s stock worth $42,000 after purchasing an additional 1,628 shares during the last quarter. Petrus Trust Company LTA acquired a new position in Extreme Networks in the 1st quarter valued at $158,000. Trust Co. of Toledo NA OH acquired a new position in Extreme Networks in the 2nd quarter valued at $169,000. Strs Ohio purchased a new stake in shares of Extreme Networks in the first quarter valued at about $176,000. Finally, State of Wyoming boosted its holdings in shares of Extreme Networks by 49.1% in the first quarter. State of Wyoming now owns 15,596 shares of the technology company’s stock valued at $206,000 after acquiring an additional 5,138 shares in the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Insider Buying and Selling at Extreme Networks

In other Extreme Networks news, Director Raj Khanna sold 15,000 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $19.91, for a total transaction of $298,650.00. Following the completion of the transaction, the director directly owned 216,708 shares in the company, valued at approximately $4,314,656.28. This trade represents a 6.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kevin R. Rhodes sold 14,000 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $21.52, for a total transaction of $301,280.00. Following the completion of the sale, the chief financial officer owned 126,202 shares in the company, valued at $2,715,867.04. This represents a 9.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 68,000 shares of company stock worth $1,401,460. 3.60% of the stock is owned by corporate insiders.

Extreme Networks Stock Down 0.8%

EXTR opened at $17.65 on Thursday. The business’s fifty day moving average is $20.86 and its two-hundred day moving average is $18.35. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.74 and a current ratio of 0.91. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 252.14, a PEG ratio of 1.89 and a beta of 1.82. Extreme Networks, Inc. has a one year low of $10.10 and a one year high of $22.89.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, October 29th. The technology company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $310.25 million for the quarter, compared to the consensus estimate of $295.72 million. Extreme Networks had a return on equity of 81.83% and a net margin of 0.73%.Extreme Networks’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. Extreme Networks has set its FY 2026 guidance at EPS. Q2 2026 guidance at 0.230-0.250 EPS. Analysts anticipate that Extreme Networks, Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on EXTR shares. B. Riley restated a “buy” rating on shares of Extreme Networks in a research report on Thursday, October 30th. Rosenblatt Securities reissued a “buy” rating and set a $25.00 target price on shares of Extreme Networks in a research note on Thursday, October 30th. Lake Street Capital raised Extreme Networks from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Thursday, August 7th. Oppenheimer raised Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a report on Thursday, October 30th. Finally, UBS Group boosted their target price on shares of Extreme Networks from $15.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.80.

Extreme Networks Profile

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.