71,959 Shares in Extreme Networks, Inc. $EXTR Acquired by The Manufacturers Life Insurance Company

Posted by Francis Steltz on Sep 3rd, 2026

The Manufacturers Life Insurance Company bought a new position in shares of Extreme Networks, Inc. (NASDAQ:EXTR – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 71,959 shares of the technology company’s stock, valued at approximately $2,329,000. The Manufacturers Life Insurance Company owned about 0.06% of Extreme Networks at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXTR. BlackRock Inc. acquired a new position in shares of Extreme Networks during the second quarter worth $674,661,000. Vanguard Group Inc. increased its holdings in 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. State Street Corp lifted its holdings in Extreme Networks by 3.9% during the 4th quarter. State Street Corp now owns 5,664,493 shares of the technology company’s stock worth $94,314,000 after buying an additional 213,094 shares during the period. Paradigm Capital Management Inc. NY raised its position 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 worth $78,942,000 after acquiring an additional 262,400 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised 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 acquiring an additional 230,617 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Kevin R. Rhodes sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $30.43, for a total transaction of $1,065,050.00. Following the completion of the sale, the chief financial officer owned 151,296 shares in the company, valued at $4,603,937.28. The trade was a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Katayoun Motiey sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $31.03, for a total value of $930,900.00. Following the transaction, the insider directly owned 120,834 shares in the company, valued at $3,749,479.02. The trade was a 19.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 144,325 shares of company stock worth $4,197,148. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EXTR shares. Needham & Company LLC lowered their price target 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. Lake Street Capital lifted their target price on shares of Extreme Networks from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Craig Hallum restated a “buy” rating and issued a $31.00 target price on shares of Extreme Networks in a report on Thursday, August 6th. Oppenheimer reaffirmed an “outperform” rating on shares of Extreme Networks in a research report on Thursday, August 6th. Finally, B. Riley Financial lifted their price objective on Extreme Networks from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Extreme Networks has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

View Our Latest Research Report on Extreme Networks

Extreme Networks Trading Up 1.1%

EXTR opened at $22.01 on Thursday. Extreme Networks, Inc. has a 1-year low of $13.48 and a 1-year high of $33.73. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.63. The company has a market cap of $2.87 billion, a P/E ratio of 71.00, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The company has a fifty day moving average price of $27.72 and a two-hundred day moving average price of $22.96.

Extreme Networks (NASDAQ:EXTR – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $338.55 million for the quarter, compared to analysts’ expectations of $332.49 million. Extreme Networks had a net margin of 3.28% and a return on equity of 88.88%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS. 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. Analysts predict that Extreme Networks, Inc. will post 0.75 EPS for the current fiscal year.

About Extreme Networks

(Free Report)

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.