CenterBook Partners LP Sells 111,232 Shares of Extreme Networks, Inc. $EXTR

CenterBook Partners LP decreased its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 49.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,799 shares of the technology company’s stock after selling 111,232 shares during the period. CenterBook Partners LP owned 0.08% of Extreme Networks worth $2,329,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EXTR. Royal Bank of Canada raised its stake in shares of Extreme Networks by 20.8% in the first quarter. Royal Bank of Canada now owns 73,610 shares of the technology company’s stock worth $974,000 after acquiring an additional 12,667 shares during the last quarter. AQR Capital Management LLC raised its position in Extreme Networks by 6.6% in the 1st quarter. AQR Capital Management LLC now owns 34,375 shares of the technology company’s stock worth $455,000 after purchasing an additional 2,122 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 buying an additional 3,349 shares in the last quarter. Millennium Management LLC boosted its position in Extreme Networks by 163.0% in the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock valued at $16,675,000 after buying 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 shares of 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 valued at $4,226,000 after buying an additional 22,209 shares during the period. Institutional investors own 91.05% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EXTR shares. B. Riley Financial reaffirmed a “buy” rating on shares of Extreme Networks in a research note on Thursday, October 30th. UBS Group reaffirmed a “neutral” rating and issued a $17.00 target price on shares of Extreme Networks in a research note on Thursday, January 29th. Bank of America assumed coverage on shares of Extreme Networks in a research report on Wednesday, November 19th. They set a “buy” rating and a $24.00 price target for the company. Oppenheimer upgraded shares of Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a report on Thursday, October 30th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a research note on Thursday, January 29th. Six equities research 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.67.

Insider Transactions at Extreme Networks

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of Extreme Networks stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $14.91, for a total value of $745,500.00. Following the transaction, the chief executive officer owned 1,871,418 shares of the company’s stock, valued at approximately $27,902,842.38. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders sold 150,000 shares of company stock worth $2,445,500. 3.60% of the stock is currently owned by corporate insiders.

Extreme Networks Price Performance

Shares of EXTR stock opened at $14.04 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 1.61. Extreme Networks, Inc. has a 12-month low of $10.10 and a 12-month high of $22.89. The firm has a fifty day moving average of $15.71 and a 200-day moving average of $18.36. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 200.60, a price-to-earnings-growth ratio of 1.52 and a beta of 1.68.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, January 28th. 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 75.56% and a net margin of 0.75%.The business had revenue of $317.93 million for the quarter, compared to the consensus estimate of $312.33 million. During the same quarter last year, the business posted $0.21 EPS. The firm’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, equities research analysts forecast that Extreme Networks, Inc. will post 0.31 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.