William Blair Investment Management LLC Buys 132,727 Shares of Extreme Networks, Inc. $EXTR

William Blair Investment Management LLC grew its stake in Extreme Networks, Inc. (NASDAQ:EXTR) by 9.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,479,635 shares of the technology company’s stock after purchasing an additional 132,727 shares during the period. William Blair Investment Management LLC’s holdings in Extreme Networks were worth $24,636,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EXTR. Millennium Management LLC raised its holdings in Extreme Networks by 163.0% in the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after purchasing an additional 781,103 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Extreme Networks in the 2nd quarter worth $11,265,000. Qube Research & Technologies Ltd raised its holdings in Extreme Networks by 181.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 959,444 shares of the technology company’s stock worth $19,813,000 after purchasing an additional 619,154 shares in the last quarter. Invesco Ltd. raised its holdings in Extreme Networks by 86.9% in the 3rd quarter. Invesco Ltd. now owns 999,653 shares of the technology company’s stock worth $20,643,000 after purchasing an additional 464,652 shares in the last quarter. Finally, Cooper Creek Partners Management LLC raised its holdings in Extreme Networks by 98.2% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 838,178 shares of the technology company’s stock worth $17,308,000 after purchasing an additional 415,296 shares in the last quarter. 91.05% of the stock is currently owned by institutional investors.

Insider Transactions at Extreme Networks

In other news, insider Katayoun Motiey sold 7,661 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $25.00, for a total value of $191,525.00. Following the sale, the insider directly owned 183,782 shares of the company’s stock, valued at $4,594,550. This represents a 4.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Raj Khanna sold 10,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $23.20, for a total transaction of $232,000.00. Following the sale, the director directly owned 210,062 shares in the company, valued at $4,873,438.40. This trade represents a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 297,182 shares of company stock worth $6,448,528. 3.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Rosenblatt Securities restated a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a report on Thursday, January 29th. Weiss Ratings lowered shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Needham & Company LLC upped their price objective on shares of Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 target price on shares of Extreme Networks in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.50.

Extreme Networks Price Performance

NASDAQ:EXTR opened at $25.60 on Tuesday. The firm’s 50-day moving average price is $18.80 and its 200-day moving average price is $16.97. The company has a market capitalization of $3.35 billion, a PE ratio of 213.33, a P/E/G ratio of 2.42 and a beta of 1.77. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.91 and a quick ratio of 0.78. Extreme Networks, Inc. has a 1-year low of $13.48 and a 1-year high of $25.84.

Extreme Networks (NASDAQ:EXTR) last released its earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The firm had revenue of $316.87 million for the quarter, compared to the consensus estimate of $311.48 million. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The company’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 EPS. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. On average, equities analysts predict that Extreme Networks, Inc. will post 0.53 EPS for the current fiscal year.

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.