Penserra Capital Management LLC Has $9.28 Million Stake in Extreme Networks, Inc. $EXTR

Penserra Capital Management LLC cut its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 22.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 449,366 shares of the technology company’s stock after selling 130,997 shares during the quarter. Penserra Capital Management LLC owned approximately 0.34% of Extreme Networks worth $9,279,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC raised its position in shares of Extreme Networks by 44.8% during the third quarter. CWM LLC now owns 2,095 shares of the technology company’s stock worth $43,000 after acquiring an additional 648 shares during the last quarter. Arizona State Retirement System raised its holdings in Extreme Networks by 1.8% during the 3rd quarter. Arizona State Retirement System now owns 39,405 shares of the technology company’s stock worth $814,000 after purchasing an additional 685 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in Extreme Networks by 3.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 29,356 shares of the technology company’s stock worth $527,000 after purchasing an additional 934 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Extreme Networks by 85.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock worth $45,000 after purchasing an additional 1,014 shares during the period. Finally, Salomon & Ludwin LLC bought a new stake in shares of Extreme Networks in the 3rd quarter valued at $27,000. Institutional investors own 91.05% of the company’s stock.

Extreme Networks Stock Performance

Shares of EXTR opened at $15.00 on Thursday. The firm has a market capitalization of $2.01 billion, a P/E ratio of 214.32, a P/E/G ratio of 1.60 and a beta of 1.68. Extreme Networks, Inc. has a 52 week low of $10.10 and a 52 week high of $22.89. The stock has a 50 day moving average price of $16.35 and a two-hundred day moving average price of $18.60. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.80 and a current ratio of 0.95.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $317.93 million during 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%.Extreme Networks’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. 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 analysts forecast that Extreme Networks, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $14.91, for a total value 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 represents a 2.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 150,000 shares of company stock valued at $2,445,500 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EXTR. Needham & Company LLC dropped their target price on shares of Extreme Networks from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Oppenheimer raised Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a research note on Thursday, October 30th. Wall Street Zen cut Extreme Networks from a “strong-buy” rating to a “buy” rating in a research note on Monday. UBS Group reiterated a “neutral” rating and issued a $17.00 target price on shares of Extreme Networks in a report on Thursday, January 29th. Finally, Rosenblatt Securities restated a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a report on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Extreme Networks presently has an average rating of “Moderate Buy” and an average price target of $22.67.

Extreme Networks Company 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.