Hillsdale Investment Management Inc. Increases Position in Extreme Networks, Inc. $EXTR

Hillsdale Investment Management Inc. increased its holdings in Extreme Networks, Inc. (NASDAQ:EXTR) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 308,660 shares of the technology company’s stock after acquiring an additional 15,880 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Extreme Networks were worth $4,655,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Extreme Networks by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 656,528 shares of the technology company’s stock valued at $9,900,000 after purchasing an additional 17,187 shares in the last quarter. Pittenger & Anderson Inc. grew its position in shares of Extreme Networks by 300.0% during the first quarter. Pittenger & Anderson Inc. now owns 4,000 shares of the technology company’s stock worth $60,000 after buying an additional 3,000 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Extreme Networks by 3,769.7% during the first quarter. Fifth Third Bancorp now owns 30,609 shares of the technology company’s stock worth $462,000 after buying an additional 29,818 shares in the last quarter. Simplicity Wealth LLC bought a new stake in shares of Extreme Networks in the first quarter worth $260,000. Finally, Howe & Rusling Inc. increased its stake in shares of Extreme Networks by 15.2% in the first quarter. Howe & Rusling Inc. now owns 24,105 shares of the technology company’s stock worth $364,000 after buying an additional 3,182 shares during the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Wall Street Analysts Forecast Growth

EXTR has been the topic of a number of research analyst reports. Needham & Company LLC increased their price objective on shares of Extreme Networks from $21.00 to $26.00 and gave the company a “buy” rating in a research note 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 company a “buy” rating in a research note on Monday, June 8th. 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. Wall Street Zen raised Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 24th. Finally, Rosenblatt Securities upped their price objective on Extreme Networks from $29.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Extreme Networks presently has an average rating of “Moderate Buy” and a consensus price target of $30.83.

Extreme Networks Trading Up 0.3%

NASDAQ:EXTR opened at $33.02 on Wednesday. The firm has a market capitalization of $4.32 billion, a P/E ratio of 275.17, a P/E/G ratio of 2.02 and a beta of 1.77. The business has a 50 day simple moving average of $28.60 and a 200 day simple moving average of $20.28. 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, Inc. has a 12-month low of $13.48 and a 12-month high of $33.73.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $316.87 million for the quarter, compared to analyst estimates of $311.48 million. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Equities research analysts predict that Extreme Networks, Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling at Extreme Networks

In other Extreme Networks news, Director Edward H. Kennedy sold 50,000 shares of the business’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 of the company’s stock, valued at $13,168,388.70. The trade was a 7.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevin R. Rhodes sold 35,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $30.43, for a total transaction of $1,065,050.00. Following the transaction, the chief financial officer directly owned 151,296 shares of the company’s stock, valued at $4,603,937.28. The trade was a 18.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 592,182 shares of company stock valued at $15,423,978. Corporate insiders own 3.60% of the company’s stock.

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.