Extreme Networks, Inc. $EXTR Shares Acquired by M&T Bank Corp

M&T Bank Corp grew its stake in Extreme Networks, Inc. (NASDAQ:EXTR) by 547.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,937 shares of the technology company’s stock after purchasing an additional 65,904 shares during the quarter. M&T Bank Corp’s holdings in Extreme Networks were worth $1,298,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Salomon & Ludwin LLC acquired a new stake in shares of Extreme Networks in the third quarter valued at about $27,000. Caitong International Asset Management Co. Ltd acquired a new position in Extreme Networks during the third quarter worth about $31,000. CWM LLC boosted its position in Extreme Networks by 44.8% during the third quarter. CWM LLC now owns 2,095 shares of the technology company’s stock worth $43,000 after acquiring an additional 648 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Extreme Networks by 85.4% during the third quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock worth $45,000 after acquiring an additional 1,014 shares during the last quarter. Finally, Quarry LP boosted its position in Extreme Networks by 74.9% during the third quarter. Quarry LP now owns 2,610 shares of the technology company’s stock worth $54,000 after acquiring an additional 1,118 shares during the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Edward Meyercord sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $15.30, for a total transaction of $765,000.00. Following the sale, the chief executive officer directly owned 1,897,270 shares of the company’s stock, valued at $29,028,231. This represents a 2.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is currently owned by insiders.

More Extreme Networks News

Here are the key news stories impacting Extreme Networks this week:

• Positive Sentiment: Q3 beat: Extreme reported $0.26 EPS vs. $0.24 consensus and revenue of $316.87M (up 11.4% YoY), a clear topline and bottom-line beat driving investor enthusiasm. BusinessWire
• Positive Sentiment: Raised guidance: EXTR set Q4 FY2026 EPS guidance of $0.280–0.300 (above the $0.250 consensus) and revenue guidance of $330–335M (vs. $327.5M consensus), signaling continued momentum into the next quarter. Press Release / Slides
• Positive Sentiment: Analyst lift: Needham’s Ryan Koontz reiterated a Buy and raised the price target to $26, citing the earnings beat, software momentum and EMEA outperformance — this endorsement likely supported buying interest. TipRanks
• Neutral Sentiment: Market coverage / press: Major outlets (MarketWatch, Chron, Zacks) are reporting the beat and guidance; useful for broader investor visibility but largely reiterative of company disclosures. MarketWatch
• Negative Sentiment: Valuation and balance-sheet cautions: EXTR still shows a high P/E (~312), debt/equity ~1.61 and current/quick ratios below 1; these factors could limit upside for risk-averse investors despite near-term operational strength. MarketBeat

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a research report on Thursday, January 29th. Weiss Ratings lowered shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Wall Street Zen lowered shares of Extreme Networks from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 25th. Needham & Company LLC lowered their price target on shares of Extreme Networks from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Finally, UBS Group restated a “neutral” rating and set a $17.00 price target on shares of Extreme Networks in a research report on Thursday, January 29th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Extreme Networks has an average rating of “Moderate Buy” and a consensus target price of $22.67.

Extreme Networks Price Performance

Extreme Networks stock opened at $21.85 on Thursday. The company’s 50 day simple moving average is $15.68 and its 200-day simple moving average is $16.55. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 312.19, a price-to-earnings-growth ratio of 1.84 and a beta of 1.62. Extreme Networks, Inc. has a 1 year low of $12.96 and a 1 year high of $22.89. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.80 and a current ratio of 0.95.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. The business had revenue of $316.87 million for the quarter, compared to the consensus estimate of $311.48 million. During the same period in the previous 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. As a group, equities research analysts expect that Extreme Networks, Inc. will post 0.47 earnings per share for the current year.

About Extreme Networks

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.