Skandinaviska Enskilda Banken AB publ Purchases New Stake in Extreme Networks, Inc. $EXTR

Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 174,800 shares of the technology company’s stock, valued at approximately $3,610,000. Skandinaviska Enskilda Banken AB publ owned 0.13% of Extreme Networks at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Royal Bank of Canada lifted its position 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 purchasing an additional 12,667 shares in the last quarter. AQR Capital Management LLC increased its stake 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 valued at $455,000 after buying an additional 2,122 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Extreme Networks by 4.6% in 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 stake in shares of Extreme Networks by 163.0% during 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 period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Extreme Networks by 7.5% during 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 acquiring an additional 22,209 shares in the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Wall Street Analysts Forecast Growth

EXTR has been the subject of several recent research reports. UBS Group reiterated a “neutral” rating and set a $17.00 price objective on shares of Extreme Networks in a report on Thursday, January 29th. Wall Street Zen lowered Extreme Networks from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 2nd. Rosenblatt Securities reiterated a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a report on Thursday, January 29th. Needham & Company LLC lowered their price target on Extreme Networks from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Finally, Weiss Ratings downgraded Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.67.

Insider Activity

In related news, CEO Edward Meyercord sold 50,000 shares of the firm’s stock in a transaction 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 directly owned 1,871,418 shares in the company, valued at approximately $27,902,842.38. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders have 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

NASDAQ EXTR opened at $14.05 on Friday. Extreme Networks, Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $22.89. The stock’s 50-day moving average is $15.65 and its two-hundred day moving average is $18.33. The firm has a market cap of $1.89 billion, a P/E ratio of 200.74, 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 issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $312.33 million. During the same quarter in the prior year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. 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, analysts anticipate that Extreme Networks, Inc. will post 0.31 earnings per share for the current fiscal year.

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.