Simplicity Wealth LLC Takes $728,000 Position in Extreme Networks, Inc. $EXTR

Posted by Geri Gentry on Aug 18th, 2026

Simplicity Wealth LLC bought a new position in shares of Extreme Networks, Inc. (NASDAQ:EXTR – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 22,495 shares of the technology company’s stock, valued at approximately $728,000.

Several other institutional investors have also added to or reduced their stakes in EXTR. Royal Bank of Canada grew its holdings in Extreme Networks by 20.8% in the 1st quarter. Royal Bank of Canada now owns 73,610 shares of the technology company’s stock valued at $974,000 after buying an additional 12,667 shares in the last quarter. AQR Capital Management LLC increased its position in Extreme Networks by 6.6% during the 1st quarter. AQR Capital Management LLC now owns 34,375 shares of the technology company’s stock worth $455,000 after buying an additional 2,122 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Extreme Networks by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,723 shares of the technology company’s stock worth $1,015,000 after buying an additional 3,349 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Extreme Networks by 163.0% during the first quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after buying an additional 781,103 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Extreme Networks by 7.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 319,434 shares of the technology company’s stock valued at $4,226,000 after acquiring an additional 22,209 shares during the period. 91.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings upgraded shares of Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 6th. Oppenheimer reiterated an “outperform” rating on shares of Extreme Networks in a research note on Thursday, August 6th. UBS Group set a $28.00 price objective on shares of Extreme Networks in a report on Thursday, April 30th. Rosenblatt Securities decreased their target price on shares of Extreme Networks from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $31.00 target price on shares of Extreme Networks in a report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.25.

Read Our Latest Stock Report on EXTR

Extreme Networks Stock Performance

NASDAQ:EXTR opened at $24.28 on Tuesday. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 78.33, a PEG ratio of 1.61 and a beta of 1.79. Extreme Networks, Inc. has a fifty-two week low of $13.48 and a fifty-two week 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 stock has a fifty day moving average price of $29.70 and a 200-day moving average price of $22.30.

Extreme Networks (NASDAQ:EXTR – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.32 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 return on equity of 88.88% and a net margin of 3.28%.Extreme Networks’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. 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. As a group, equities analysts anticipate that Extreme Networks, Inc. will post 0.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other Extreme Networks news, insider Katayoun Motiey sold 30,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were 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 of the company’s stock, valued at $3,749,479.02. This trade represents a 19.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward Meyercord sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $29.79, for a total transaction of $1,489,500.00. Following the completion of the transaction, the chief executive officer owned 1,596,475 shares of the company’s stock, valued at $47,558,990.25. The trade was a 3.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 395,000 shares of company stock worth $11,229,950 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Extreme Networks Company Profile

(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.