American Century Companies Inc. Cuts Stake in Extreme Networks, Inc. $EXTR

American Century Companies Inc. lowered its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 33.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,318,634 shares of the technology company’s stock after selling 1,176,217 shares during the period. American Century Companies Inc. owned about 1.73% of Extreme Networks worth $47,880,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $14.91, for a total transaction of $745,500.00. Following the completion of the transaction, the chief executive officer owned 1,871,418 shares of the company’s stock, valued at approximately $27,902,842.38. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Rosenblatt Securities reissued a “buy” rating and set a $25.00 price objective on shares of Extreme Networks in a research note on Thursday, January 29th. Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Weiss Ratings lowered shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. UBS Group reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Extreme Networks in a research note on Thursday, January 29th. Finally, Bank of America initiated coverage on shares of Extreme Networks in a report on Wednesday, November 19th. They set a “buy” rating and a $24.00 target price for the company. 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.67.

Extreme Networks Stock Performance

Shares of EXTR opened at $14.44 on Friday. The company has a 50-day simple moving average of $15.16 and a two-hundred day simple moving average of $17.97. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.95 and a quick ratio of 0.80. The firm has a market capitalization of $1.94 billion, a PE ratio of 206.32, a price-to-earnings-growth ratio of 1.55 and a beta of 1.67. Extreme Networks, Inc. has a one year low of $10.10 and a one year high of $22.89.

Extreme Networks (NASDAQ:EXTR) last announced its earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Extreme Networks had a return on equity of 75.56% and a net margin of 0.75%.The firm had revenue of $317.93 million during the quarter, compared to analyst estimates of $312.33 million. During the same quarter in the prior year, the company earned $0.21 EPS. The business’s revenue was up 13.8% compared to the same quarter last year. Extreme Networks has set its Q3 2026 guidance at 0.230-0.250 EPS and its FY 2026 guidance at 0.980-1.020 EPS. On average, analysts anticipate that Extreme Networks, Inc. will post 0.31 EPS for the current fiscal year.

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.