UBS Group AG Trims Stock Holdings in Extreme Networks, Inc. $EXTR

UBS Group AG trimmed its holdings in Extreme Networks, Inc. (NASDAQ:EXTR) by 34.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 127,772 shares of the technology company’s stock after selling 67,441 shares during the period. UBS Group AG’s holdings in Extreme Networks were worth $2,127,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in Extreme Networks during the 3rd quarter worth $31,000. CWM LLC increased its holdings in Extreme Networks by 51.7% during the 4th quarter. CWM LLC now owns 3,179 shares of the technology company’s stock worth $53,000 after purchasing an additional 1,084 shares during the period. Quarry LP increased its holdings in Extreme Networks by 74.9% during the 3rd quarter. Quarry LP now owns 2,610 shares of the technology company’s stock worth $54,000 after purchasing an additional 1,118 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in Extreme Networks during the 3rd quarter worth $70,000. Finally, Quadrant Capital Group LLC purchased a new position in Extreme Networks during the 3rd quarter worth $91,000. 91.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Extreme Networks

In other news, Director Kathleen M. Holmgren sold 19,521 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $24.78, for a total value of $483,730.38. Following the completion of the sale, the director owned 219,308 shares of the company’s stock, valued at $5,434,452.24. This trade represents a 8.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katayoun Motiey sold 7,661 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $25.00, for a total value of $191,525.00. Following the completion of the sale, the insider directly owned 183,782 shares of the company’s stock, valued at $4,594,550. The trade was a 4.00% decrease in their position. 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 three months, insiders have sold 297,182 shares of company stock worth $6,448,528. 3.60% of the stock is currently owned by corporate insiders.

Extreme Networks Trading Down 1.3%

Shares of NASDAQ:EXTR opened at $26.67 on Thursday. Extreme Networks, Inc. has a 12-month low of $13.48 and a 12-month high of $27.28. The business’s fifty day simple moving average is $19.29 and its 200-day simple moving average is $17.10. The company has a market capitalization of $3.49 billion, a PE ratio of 222.25, a P/E/G ratio of 2.55 and a beta of 1.77. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.89.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $311.48 million. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. As a group, equities research analysts predict that Extreme Networks, Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on EXTR. B. Riley Financial restated a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. Weiss Ratings downgraded Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 price target on shares of Extreme Networks in a report on Thursday, January 29th. UBS Group set a $28.00 price target on Extreme Networks in a report on Thursday, April 30th. Finally, Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.50.

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.