Diversified Trust Co Increases Stock Position in Extreme Networks, Inc. $EXTR

Diversified Trust Co boosted its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 184.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,528 shares of the technology company’s stock after purchasing an additional 20,459 shares during the period. Diversified Trust Co’s holdings in Extreme Networks were worth $475,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Extreme Networks by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 19,112,223 shares of the technology company’s stock worth $318,219,000 after acquiring an additional 349,199 shares during the last quarter. M&T Bank Corp boosted its holdings in Extreme Networks by 547.7% in the fourth quarter. M&T Bank Corp now owns 77,937 shares of the technology company’s stock valued at $1,298,000 after purchasing an additional 65,904 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Extreme Networks in the fourth quarter valued at about $1,009,000. Algert Global LLC grew its stake in Extreme Networks by 49.6% during the 3rd quarter. Algert Global LLC now owns 933,067 shares of the technology company’s stock valued at $19,268,000 after purchasing an additional 309,169 shares in the last quarter. Finally, Impax Asset Management Group plc grew its stake in Extreme Networks by 10.5% during the 4th quarter. Impax Asset Management Group plc now owns 945,178 shares of the technology company’s stock valued at $15,737,000 after purchasing an additional 90,000 shares in the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Extreme Networks Trading Up 0.1%

Shares of NASDAQ EXTR opened at $30.96 on Friday. The stock’s 50 day moving average price is $25.24 and its two-hundred day moving average price is $18.95. Extreme Networks, Inc. has a 52-week low of $13.48 and a 52-week high of $32.29. The stock has a market capitalization of $4.05 billion, a P/E ratio of 258.00, a PEG ratio of 2.92 and a beta of 1.81. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.89.

Extreme Networks (NASDAQ:EXTR) last issued its earnings results on Wednesday, April 29th. The technology company reported $0.26 EPS for the quarter, topping 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 company had revenue of $316.87 million during the quarter, compared to analyst estimates of $311.48 million. During the same quarter last year, the firm earned $0.21 EPS. The business’s revenue was up 11.4% on a year-over-year basis. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. On average, analysts anticipate that Extreme Networks, Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

EXTR has been the topic of several analyst reports. UBS Group set a $28.00 price objective on Extreme Networks in a report on Thursday, April 30th. B. Riley Financial reiterated a “buy” rating on shares of Extreme Networks in a research note on Thursday, April 30th. Needham & Company LLC raised their price target on shares of Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Bank of America lifted their price target on shares of Extreme Networks from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Finally, Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 24th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.83.

Insider Buying and Selling at Extreme Networks

In other news, insider Katayoun Motiey sold 30,000 shares of Extreme Networks 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 completion of the transaction, the insider directly owned 120,834 shares of the company’s stock, valued at approximately $3,749,479.02. The trade was a 19.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin R. Rhodes sold 35,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $30.43, for a total value of $1,065,050.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 642,182 shares of company stock worth $16,188,978 in the last ninety days. 3.60% of the stock is currently owned by company insiders.

Extreme Networks 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.