Voya Investment Management LLC Grows Stock Position in Extreme Networks, Inc. $EXTR

Voya Investment Management LLC increased its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 27.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,641 shares of the technology company’s stock after purchasing an additional 51,268 shares during the quarter. Voya Investment Management LLC owned 0.18% of Extreme Networks worth $4,907,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its position 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 worth $44,172,000 after buying an additional 2,388,527 shares in the last quarter. Millennium Management LLC lifted its stake in 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 acquiring an additional 781,103 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Extreme Networks during the 2nd quarter worth approximately $11,265,000. American Century Companies Inc. increased its position in shares of Extreme Networks by 21.7% in the 2nd quarter. American Century Companies Inc. now owns 3,494,851 shares of the technology company’s stock valued at $62,733,000 after purchasing an additional 622,953 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in shares of Extreme Networks in the 2nd quarter valued at $10,417,000. Institutional investors and hedge funds own 91.05% of the company’s stock.

Insider Activity

In other news, CEO Edward Meyercord sold 50,000 shares of Extreme Networks stock in a transaction on Friday, November 28th. The shares were sold at an average price of $17.46, for a total value of $873,000.00. Following the transaction, the chief executive officer directly owned 1,871,418 shares of the company’s stock, valued at $32,674,958.28. The trade was a 2.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.60% of the company’s stock.

Extreme Networks Stock Performance

Shares of EXTR stock opened at $16.79 on Friday. The stock’s 50-day moving average is $17.96 and its two-hundred day moving average is $18.93. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.75 and a current ratio of 0.91. Extreme Networks, Inc. has a 1 year low of $10.10 and a 1 year high of $22.89. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 239.86, a PEG ratio of 1.86 and a beta of 1.67.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on EXTR. B. Riley reiterated a “buy” rating on shares of Extreme Networks in a research note on Thursday, October 30th. Wall Street Zen raised Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Friday, November 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Extreme Networks in a research report on Monday. Finally, Needham & Company LLC restated a “buy” rating and set a $24.00 target price on shares of Extreme Networks in a research note on Monday, November 24th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.83.

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.