72,422 Shares in Extreme Networks, Inc. $EXTR Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Extreme Networks, Inc. (NASDAQ:EXTR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 72,422 shares of the technology company’s stock, valued at approximately $1,300,000. Y Intercept Hong Kong Ltd owned 0.05% of Extreme Networks as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Extreme Networks by 105.6% in the first quarter. GAMMA Investing LLC now owns 3,170 shares of the technology company’s stock valued at $42,000 after purchasing an additional 1,628 shares during the period. Trust Co. of Toledo NA OH purchased a new position in shares of Extreme Networks during the second quarter worth about $169,000. Petrus Trust Company LTA purchased a new position in shares of Extreme Networks during the first quarter worth about $158,000. 111 Capital purchased a new position in shares of Extreme Networks during the second quarter worth about $215,000. Finally, Strs Ohio purchased a new position in shares of Extreme Networks during the first quarter worth about $176,000. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EXTR shares. UBS Group raised their price target on Extreme Networks from $15.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. B. Riley reissued a “buy” rating on shares of Extreme Networks in a report on Thursday. Lake Street Capital raised Extreme Networks from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Thursday, August 7th. Rosenblatt Securities reissued a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a report on Thursday. Finally, Oppenheimer raised shares of Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a report on Thursday. Five 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.80.

Extreme Networks Stock Up 2.7%

Shares of NASDAQ:EXTR opened at $19.02 on Monday. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 271.71, a PEG ratio of 1.89 and a beta of 1.81. The firm’s 50-day simple moving average is $21.04 and its 200-day simple moving average is $18.25. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 2.32. Extreme Networks, Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $22.89.

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

Insider Activity at Extreme Networks

In other news, CFO Kevin R. Rhodes sold 14,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 126,202 shares of the company’s stock, valued at $2,715,867.04. The trade was a 9.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raj Khanna sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $19.91, for a total value of $298,650.00. Following the sale, the director directly owned 216,708 shares in the company, valued at $4,314,656.28. This trade represents a 6.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 68,000 shares of company stock worth $1,401,460 over the last 90 days. Company insiders own 3.60% of the company’s stock.

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.