Extreme Networks, Inc. $EXTR Shares Purchased by CenterBook Partners LP

CenterBook Partners LP raised its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 278.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 426,394 shares of the technology company’s stock after purchasing an additional 313,595 shares during the quarter. CenterBook Partners LP’s holdings in Extreme Networks were worth $7,099,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Extreme Networks during the third quarter valued at approximately $31,000. Quarry LP raised its stake in Extreme Networks by 74.9% during the third quarter. Quarry LP now owns 2,610 shares of the technology company’s stock valued at $54,000 after buying an additional 1,118 shares in the last quarter. CWM LLC raised its stake in Extreme Networks by 51.7% during the fourth quarter. CWM LLC now owns 3,179 shares of the technology company’s stock valued at $53,000 after buying an additional 1,084 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Extreme Networks during the 3rd quarter worth approximately $70,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Extreme Networks during the 3rd quarter worth approximately $91,000. Institutional investors and hedge funds own 91.05% of the company’s stock.

Insider Transactions at Extreme Networks

In related news, CEO Edward Meyercord sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $29.20, for a total value of $2,920,000.00. Following the sale, the chief executive officer directly owned 1,621,902 shares in the company, valued at $47,359,538.40. This trade represents a 5.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Edward H. Kennedy sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $22.86, for a total value of $1,143,000.00. Following the completion of the sale, the director owned 576,045 shares in the company, valued at approximately $13,168,388.70. This represents a 7.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 569,682 shares of company stock worth $13,968,028 over the last quarter. Insiders own 3.60% of the company’s stock.

Extreme Networks Price Performance

EXTR opened at $28.02 on Monday. Extreme Networks, Inc. has a 12 month low of $13.48 and a 12 month high of $29.77. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.91 and a quick ratio of 0.78. The stock has a market cap of $3.66 billion, a P/E ratio of 233.50, a P/E/G ratio of 2.65 and a beta of 1.80. The stock’s 50 day moving average price is $21.11 and its 200 day moving average price is $17.62.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on EXTR shares. Weiss Ratings cut Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. UBS Group set a $28.00 price target on Extreme Networks in a research report on Thursday, April 30th. Lake Street Capital reiterated a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a research report on Thursday, April 30th. Needham & Company LLC increased their price target on Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Extreme Networks in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Extreme Networks has an average rating of “Moderate Buy” and an average price target of $25.50.

Extreme Networks Company 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.