Victory Capital Management Inc. Sells 656,852 Shares of Extreme Networks, Inc. $EXTR

Victory Capital Management Inc. lowered its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 13.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,359,159 shares of the technology company’s stock after selling 656,852 shares during the quarter. Victory Capital Management Inc.’s holdings in Extreme Networks were worth $90,017,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. CWM LLC raised its stake in shares of Extreme Networks by 44.8% in the third quarter. CWM LLC now owns 2,095 shares of the technology company’s stock valued at $43,000 after buying an additional 648 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Extreme Networks by 3.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 22,783 shares of the technology company’s stock worth $470,000 after acquiring an additional 683 shares during the last quarter. Arizona State Retirement System grew its position in Extreme Networks by 1.8% in the third quarter. Arizona State Retirement System now owns 39,405 shares of the technology company’s stock worth $814,000 after acquiring an additional 685 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in Extreme Networks by 3.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 29,356 shares of the technology company’s stock valued at $527,000 after acquiring an additional 934 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Extreme Networks by 85.4% during the third quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock valued at $45,000 after purchasing an additional 1,014 shares in the last quarter. 91.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXTR has been the topic of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and set a $25.00 price objective on shares of Extreme Networks in a research report on Thursday, January 29th. Weiss Ratings cut shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. UBS Group restated a “neutral” rating and issued a $17.00 price objective on shares of Extreme Networks in a report on Thursday, January 29th. Needham & Company LLC decreased their target price on shares of Extreme Networks from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Finally, Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. Six 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.67.

Insider Buying and Selling at Extreme Networks

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $14.91, for a total transaction of $745,500.00. Following the transaction, the chief executive officer owned 1,871,418 shares in the company, valued at approximately $27,902,842.38. This represents a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.60% of the company’s stock.

Extreme Networks Stock Up 1.8%

Shares of NASDAQ EXTR opened at $14.44 on Thursday. The firm has a fifty day simple moving average of $15.21 and a two-hundred day simple moving average of $17.99. Extreme Networks, Inc. has a 12 month low of $10.10 and a 12 month high of $22.89. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $1.94 billion, a PE ratio of 206.32, a price-to-earnings-growth ratio of 1.53 and a beta of 1.67.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly 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. Extreme Networks had a net margin of 0.75% and a return on equity of 75.56%. The company had revenue of $317.93 million for the quarter, compared to analysts’ expectations of $312.33 million. During the same quarter in the previous year, the company earned $0.21 earnings per share. Extreme Networks’s quarterly revenue 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. Equities analysts expect that Extreme Networks, Inc. will post 0.31 earnings per share for the current year.

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.