Vontobel Holding Ltd. Invests $2.20 Million in Extreme Networks, Inc. $EXTR

Vontobel Holding Ltd. purchased a new stake in Extreme Networks, Inc. (NASDAQ:EXTR) in the 3rd quarter, HoldingsChannel reports. The fund purchased 106,490 shares of the technology company’s stock, valued at approximately $2,199,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in Extreme Networks by 0.8% during the 1st quarter. Northern Trust Corp now owns 1,494,018 shares of the technology company’s stock worth $19,766,000 after purchasing an additional 11,905 shares in the last quarter. State of Wyoming boosted its position in shares of Extreme Networks by 49.1% in the first quarter. State of Wyoming now owns 15,596 shares of the technology company’s stock worth $206,000 after buying an additional 5,138 shares during the period. Paradigm Capital Management Inc. NY grew its holdings in shares of Extreme Networks by 0.7% during the first quarter. Paradigm Capital Management Inc. NY now owns 5,225,200 shares of the technology company’s stock valued at $69,129,000 after buying an additional 35,400 shares in the last quarter. Royal Bank of Canada raised its position in 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 period. Finally, Alyeska Investment Group L.P. lifted its stake in Extreme Networks by 16.5% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,371,596 shares of the technology company’s stock worth $31,376,000 after acquiring an additional 336,211 shares in the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

Extreme Networks Trading Up 0.5%

Shares of NASDAQ EXTR opened at $16.88 on Friday. The business has a 50 day simple moving average of $17.90 and a 200 day simple moving average of $18.93. Extreme Networks, Inc. has a 52 week low of $10.10 and a 52 week high of $22.89. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 241.14, a PEG ratio of 1.86 and a beta of 1.67. 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 (NASDAQ:EXTR) last posted 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 net margin of 0.73% and a return on equity of 81.83%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 earnings per share. Extreme Networks has set its Q2 2026 guidance at 0.230-0.250 EPS. On average, research analysts predict that Extreme Networks, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EXTR shares. Bank of America assumed coverage on Extreme Networks in a research report on Wednesday, November 19th. They set a “buy” rating and a $24.00 price objective for the company. Rosenblatt Securities restated a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a report on Tuesday, November 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $24.00 price objective on shares of Extreme Networks in a research report on Monday, November 24th. Oppenheimer upgraded shares of Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a research report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Extreme Networks in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

Insider Activity

In related news, CEO Edward Meyercord sold 50,000 shares of the company’s 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 completion of the sale, the chief executive officer directly owned 1,871,418 shares in the company, valued at approximately $32,674,958.28. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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.