Algert Global LLC Raises Stock Holdings in Extreme Networks, Inc. $EXTR

Algert Global LLC grew its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 49.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 933,067 shares of the technology company’s stock after buying an additional 309,169 shares during the period. Algert Global LLC owned 0.70% of Extreme Networks worth $19,268,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC lifted its holdings in Extreme Networks by 1,425.0% during the third quarter. Schonfeld Strategic Advisors LLC now owns 195,516 shares of the technology company’s stock valued at $4,037,000 after purchasing an additional 182,695 shares in the last quarter. Creative Planning boosted its position in shares of Extreme Networks by 24.8% in the third quarter. Creative Planning now owns 43,364 shares of the technology company’s stock worth $895,000 after purchasing an additional 8,623 shares during the period. Raymond James Financial Inc. increased its stake in shares of Extreme Networks by 16.6% in the third quarter. Raymond James Financial Inc. now owns 574,455 shares of the technology company’s stock worth $11,862,000 after purchasing an additional 81,699 shares in the last quarter. Amundi increased its stake in shares of Extreme Networks by 3.3% in the third quarter. Amundi now owns 41,571 shares of the technology company’s stock worth $838,000 after purchasing an additional 1,311 shares in the last quarter. Finally, Cooper Creek Partners Management LLC raised its position in shares of Extreme Networks by 98.2% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 838,178 shares of the technology company’s stock valued at $17,308,000 after purchasing an additional 415,296 shares during the period. 91.05% of the stock is currently owned by institutional investors.

Extreme Networks Stock Up 1.6%

Shares of EXTR stock opened at $14.49 on Friday. The stock has a market cap of $1.95 billion, a P/E ratio of 207.03, a PEG ratio of 1.56 and a beta of 1.67. Extreme Networks, Inc. has a 52 week low of $10.10 and a 52 week high of $22.89. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 1.61. The company’s fifty day simple moving average is $14.86 and its two-hundred day simple moving average is $17.70.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $0.21 earnings per share. The business’s quarterly 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. Analysts predict that Extreme Networks, Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

EXTR has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. Rosenblatt Securities reissued a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a report on Thursday, January 29th. UBS Group restated a “neutral” rating and issued a $17.00 price objective on shares of Extreme Networks in a research report on Thursday, January 29th. Needham & Company LLC cut their target price on Extreme Networks from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Finally, Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Extreme Networks currently has an average rating of “Moderate Buy” and an average price target of $22.67.

Insider Buying and Selling

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $27,902,842.38. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.60% of the company’s stock.

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.