Extreme Networks, Inc. $EXTR Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd boosted its position in Extreme Networks, Inc. (NASDAQ:EXTR) by 326.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 43,464 shares of the technology company’s stock after buying an additional 33,270 shares during the quarter. WINTON GROUP Ltd’s holdings in Extreme Networks were worth $1,407,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Extreme Networks in the 2nd quarter worth about $674,661,000. State Street Corp raised its holdings in shares of Extreme Networks by 3.9% during the fourth quarter. State Street Corp now owns 5,664,493 shares of the technology company’s stock valued at $94,314,000 after buying an additional 213,094 shares during the last quarter. Paradigm Capital Management Inc. NY raised its holdings in shares of Extreme Networks by 5.3% during the first quarter. Paradigm Capital Management Inc. NY now owns 5,234,900 shares of the technology company’s stock valued at $78,942,000 after buying an additional 262,400 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Extreme Networks by 3,051.6% during the second quarter. California State Teachers Retirement System now owns 5,121,420 shares of the technology company’s stock worth $158,215,000 after buying an additional 4,958,920 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Extreme Networks by 7.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,247,680 shares of the technology company’s stock worth $48,975,000 after buying an additional 230,617 shares during the period. 91.05% of the stock is owned by institutional investors and hedge funds.

Extreme Networks Stock Up 4.8%

Shares of EXTR stock opened at $22.20 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 debt-to-equity ratio of 1.63, a quick ratio of 0.81 and a current ratio of 0.93. The business’s fifty day moving average is $26.40 and its 200-day moving average is $23.26. The stock has a market cap of $2.90 billion, a PE ratio of 71.62, a price-to-earnings-growth ratio of 1.46 and a beta of 1.76.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. Extreme Networks had a return on equity of 88.88% and a net margin of 3.28%.The business had revenue of $338.55 million during the quarter, compared to analyst estimates of $332.49 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. 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.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. B. Riley Financial boosted their price target on Extreme Networks from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Lake Street Capital raised their price target on Extreme Networks from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday, June 15th. Rosenblatt Securities cut their price objective on shares of Extreme Networks from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Needham & Company LLC reduced their price objective on shares of Extreme Networks from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Extreme Networks currently has an average rating of “Moderate Buy” and a consensus target price of $32.25.

Insider Activity

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $29.79, for a total value of $1,489,500.00. Following the completion of the sale, the chief executive officer directly owned 1,596,475 shares of the company’s stock, valued at approximately $47,558,990.25. This represents a 3.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Rhodes sold 21,825 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $22.30, for a total transaction of $486,697.50. Following the completion of the sale, the chief financial officer directly owned 196,803 shares of the company’s stock, valued at $4,388,706.90. The trade was a 9.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is currently owned by insiders.

Extreme Networks Company Profile

Extreme Networks, Inc (NASDAQ: EXTR) provides cloud-driven networking solutions for enterprises and organizations. Its portfolio includes wired and wireless network infrastructure, Ethernet switches, wireless access points, routers, network management software, analytics, and security tools designed to help customers build, monitor, and operate modern networks.

The company’s cloud networking offerings include ExtremeCloud IQ, a platform for managing and analyzing network environments across distributed locations.