Extreme Networks, Inc. $EXTR Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its holdings in Extreme Networks, Inc. (NASDAQ:EXTR) by 16.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,969 shares of the technology company’s stock after selling 35,345 shares during the quarter. Intech Investment Management LLC owned about 0.13% of Extreme Networks worth $3,141,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Petrus Trust Company LTA acquired a new stake in shares of Extreme Networks in the first quarter valued at approximately $158,000. Trust Co. of Toledo NA OH acquired a new position in shares of Extreme Networks in the 2nd quarter valued at about $169,000. Strs Ohio purchased a new stake in Extreme Networks during the first quarter worth approximately $176,000. Vise Technologies Inc. acquired a new stake in Extreme Networks in the 2nd quarter valued at $202,000. Finally, State of Wyoming raised its holdings in shares of Extreme Networks by 49.1% during the 1st quarter. State of Wyoming now owns 15,596 shares of the technology company’s stock valued at $206,000 after buying an additional 5,138 shares during the period. 91.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Extreme Networks

In related news, Director Raj Khanna sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $19.91, for a total transaction of $298,650.00. Following the completion of the sale, the director owned 216,708 shares in the company, valued at $4,314,656.28. This represents a 6.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin R. Rhodes sold 14,000 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $21.52, for a total transaction of $301,280.00. Following the completion of the sale, the chief financial officer owned 126,202 shares in the company, valued at approximately $2,715,867.04. The trade was a 9.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 43,000 shares of company stock valued at $901,210. Corporate insiders own 3.60% of the company’s stock.

Extreme Networks Stock Down 1.8%

Shares of Extreme Networks stock opened at $16.73 on Wednesday. Extreme Networks, Inc. has a 1 year low of $10.10 and a 1 year high of $22.89. The company has a market cap of $2.24 billion, a P/E ratio of 239.00, a P/E/G ratio of 1.89 and a beta of 1.82. The company has a current ratio of 0.91, a quick ratio of 0.74 and a debt-to-equity ratio of 2.32. The stock has a 50-day moving average price of $20.09 and a 200 day moving average price of $18.69.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Wednesday, October 29th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $310.25 million during the quarter, compared to analyst estimates of $295.72 million. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. Extreme Networks has set its FY 2026 guidance at EPS. Q2 2026 guidance at 0.230-0.250 EPS. As a group, analysts expect that Extreme Networks, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EXTR shares. Wall Street Zen cut Extreme Networks from a “strong-buy” rating to a “buy” rating in a research note on Saturday. UBS Group lifted their target price on Extreme Networks from $15.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Weiss Ratings upgraded shares of Extreme Networks from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday. Lake Street Capital upgraded Extreme Networks from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Thursday, August 7th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $25.00 target price on shares of Extreme Networks in a report on Tuesday, November 11th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Extreme Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.80.

Extreme Networks Company Profile

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.