Paradigm Capital Management Inc. NY Purchases 262,400 Shares of Extreme Networks, Inc. $EXTR

Paradigm Capital Management Inc. NY boosted its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 5.3% in the first quarter, HoldingsChannel.com reports. The fund owned 5,234,900 shares of the technology company’s stock after purchasing an additional 262,400 shares during the period. Extreme Networks accounts for 3.0% of Paradigm Capital Management Inc. NY’s holdings, making the stock its 7th largest position. Paradigm Capital Management Inc. NY’s holdings in Extreme Networks were worth $78,942,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EXTR. Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 349,199 shares during the period. M&T Bank Corp increased its holdings in Extreme Networks by 547.7% during the 4th quarter. M&T Bank Corp now owns 77,937 shares of the technology company’s stock worth $1,298,000 after purchasing an additional 65,904 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Extreme Networks in the fourth quarter valued at approximately $1,009,000. Impax Asset Management Group plc raised its holdings in shares of Extreme Networks by 10.5% in the 4th quarter. Impax Asset Management Group plc now owns 945,178 shares of the technology company’s stock valued at $15,737,000 after purchasing an additional 90,000 shares in the last quarter. Finally, Abacus FCF Advisors LLC acquired a new stake in Extreme Networks in the fourth quarter valued at $6,439,000. 91.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Extreme Networks

In other Extreme Networks news, Director Edward H. Kennedy sold 50,000 shares of the firm’s 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 completion of the transaction, the director directly owned 576,045 shares in the company, valued at approximately $13,168,388.70. This trade represents a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kathleen M. Holmgren sold 19,521 shares of Extreme Networks stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $24.78, for a total transaction of $483,730.38. Following the transaction, the director owned 219,308 shares of the company’s stock, valued at approximately $5,434,452.24. The trade was a 8.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 592,182 shares of company stock worth $15,423,978. Insiders own 3.60% of the company’s stock.

Extreme Networks Stock Performance

NASDAQ EXTR opened at $29.49 on Friday. Extreme Networks, Inc. has a 1-year low of $13.48 and a 1-year high of $33.73. The company has a market capitalization of $3.86 billion, a P/E ratio of 245.75, a PEG ratio of 1.83 and a beta of 1.77. The business has a 50 day moving average price of $29.61 and a 200 day moving average price of $21.00. 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 issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $316.87 million during 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%.Extreme Networks’s revenue was up 11.4% on a year-over-year basis. During the same period 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. Sell-side analysts expect that Extreme Networks, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EXTR. Weiss Ratings raised shares of Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 6th. Bank of America lifted their target price on shares of Extreme Networks from $28.00 to $33.00 and gave the company a “buy” rating in a report on Monday, June 8th. B. Riley Financial reiterated a “buy” rating on shares of Extreme Networks in a research report on Thursday, April 30th. Needham & Company LLC upped their price target on shares of Extreme Networks from $26.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Lake Street Capital increased their price target on shares of Extreme Networks from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday, June 15th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.83.

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.