83,525 Shares in Extreme Networks, Inc. $EXTR Bought by Penbrook Management LLC

Penbrook Management LLC bought a new position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 83,525 shares of the technology company’s stock, valued at approximately $1,260,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXTR. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 349,199 shares in the last quarter. M&T Bank Corp increased its stake 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 in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Extreme Networks during the 4th quarter worth approximately $1,009,000. Algert Global LLC raised its holdings in Extreme Networks by 49.6% during the 3rd quarter. Algert Global LLC now owns 933,067 shares of the technology company’s stock worth $19,268,000 after buying an additional 309,169 shares during the period. Finally, Impax Asset Management Group plc lifted its stake in Extreme Networks by 10.5% in the fourth quarter. Impax Asset Management Group plc now owns 945,178 shares of the technology company’s stock valued at $15,737,000 after buying an additional 90,000 shares in the last quarter. 91.05% of the stock is owned by institutional investors and hedge funds.

Extreme Networks Stock Up 0.1%

Shares of EXTR stock opened at $30.96 on Friday. The firm’s fifty day moving average price is $25.24 and its two-hundred day moving average price is $18.95. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.89. Extreme Networks, Inc. has a 1 year low of $13.48 and a 1 year high of $32.29. The firm has a market capitalization of $4.05 billion, a P/E ratio of 258.00, a PEG ratio of 2.92 and a beta of 1.81.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The company 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 for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. On average, equities analysts predict that Extreme Networks, Inc. will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Edward Meyercord sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $26.10, for a total transaction 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 represents a 5.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin R. Rhodes sold 35,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $30.43, for a total value of $1,065,050.00. Following the completion of the sale, 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 SEC filing for this sale provides additional information. Over the last three months, insiders sold 642,182 shares of company stock valued at $16,188,978. 3.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EXTR has been the subject of several research reports. Needham & Company LLC increased their price objective on shares of Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. B. Riley Financial reaffirmed a “buy” rating on shares of Extreme Networks in a research report on Thursday, April 30th. Bank of America upped their target price on shares of Extreme Networks from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. UBS Group set a $28.00 price target on Extreme Networks in a research note on Thursday, April 30th. Finally, Rosenblatt Securities boosted their price target on Extreme Networks from $29.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Six investment 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.83.

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.