Counterpoint Mutual Funds LLC Purchases 88,835 Shares of Extreme Networks, Inc. $EXTR

Counterpoint Mutual Funds LLC grew its holdings in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 203.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 132,439 shares of the technology company’s stock after buying an additional 88,835 shares during the quarter. Counterpoint Mutual Funds LLC owned 0.10% of Extreme Networks worth $2,735,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp boosted its holdings in Extreme Networks by 0.4% during the 2nd quarter. State Street Corp now owns 5,392,673 shares of the technology company’s stock valued at $96,798,000 after acquiring an additional 24,120 shares during the period. American Century Companies Inc. lifted its position in shares of Extreme Networks by 21.7% during the second quarter. American Century Companies Inc. now owns 3,494,851 shares of the technology company’s stock worth $62,733,000 after purchasing an additional 622,953 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Extreme Networks by 1.0% during the second quarter. Geode Capital Management LLC now owns 3,191,820 shares of the technology company’s stock worth $57,301,000 after purchasing an additional 33,045 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Extreme Networks by 3,302.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,460,851 shares of the technology company’s stock valued at $44,172,000 after purchasing an additional 2,388,527 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Extreme Networks by 163.0% in the first quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after purchasing an additional 781,103 shares during the last quarter. 91.05% of the stock is currently owned by hedge funds and other 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 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 completion of the sale, the chief executive officer directly owned 1,871,418 shares in the company, valued at $27,902,842.38. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 150,000 shares of company stock worth $2,445,500 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Extreme Networks Trading Down 1.9%

Shares of NASDAQ EXTR opened at $13.78 on Tuesday. Extreme Networks, Inc. has a 1-year low of $10.10 and a 1-year high of $22.89. The business has a fifty day moving average price of $15.59 and a 200 day moving average price of $18.28. The stock has a market capitalization of $1.85 billion, a P/E ratio of 196.89, a price-to-earnings-growth ratio of 1.51 and a beta of 1.68. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.95 and a quick ratio of 0.80.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, January 28th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $317.93 million for the quarter, compared to analyst estimates of $312.33 million. Extreme Networks had a return on equity of 75.56% and a net margin of 0.75%.The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. 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. Equities research analysts expect that Extreme Networks, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Bank of America started coverage on shares of Extreme Networks in a report on Wednesday, November 19th. They set a “buy” rating and a $24.00 price objective for the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a research note on Thursday, January 29th. B. Riley Financial reiterated a “buy” rating on shares of Extreme Networks in a report on Thursday, October 30th. Weiss Ratings cut Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Finally, UBS Group restated a “neutral” rating and set a $17.00 price objective on shares of Extreme Networks in a report on Thursday, January 29th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.67.

Extreme Networks 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.