Hillsdale Investment Management Inc. Acquires 332,130 Shares of Extreme Networks, Inc. $EXTR

Hillsdale Investment Management Inc. lifted its stake in Extreme Networks, Inc. (NASDAQ:EXTR) by 73,806.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 332,580 shares of the technology company’s stock after acquiring an additional 332,130 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.25% of Extreme Networks worth $6,868,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Extreme Networks by 18.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 822,706 shares of the technology company’s stock worth $14,768,000 after acquiring an additional 126,972 shares during the period. Axecap Investments LLC bought a new position in Extreme Networks in the 3rd quarter valued at $1,609,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Extreme Networks during the 2nd quarter valued at $1,300,000. Lisanti Capital Growth LLC increased its holdings in shares of Extreme Networks by 72.5% in the third quarter. Lisanti Capital Growth LLC now owns 248,712 shares of the technology company’s stock worth $5,136,000 after purchasing an additional 104,557 shares during the period. Finally, Calamos Advisors LLC raised its position in shares of Extreme Networks by 40.0% in the second quarter. Calamos Advisors LLC now owns 74,188 shares of the technology company’s stock worth $1,332,000 after buying an additional 21,197 shares in the last quarter. 91.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on EXTR shares. Needham & Company LLC decreased their target price on Extreme Networks from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Rosenblatt Securities restated a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a research report on Thursday, January 29th. B. Riley Financial reiterated a “buy” rating on shares of Extreme Networks in a research report on Thursday, October 30th. Wall Street Zen cut shares of Extreme Networks from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 2nd. Finally, Bank of America assumed coverage on shares of Extreme Networks in a research report on Wednesday, November 19th. They set a “buy” rating and a $24.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.67.

Insider Transactions at Extreme Networks

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of the business’s stock in a transaction dated 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 owned 1,871,418 shares in the company, valued at approximately $27,902,842.38. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 150,000 shares of company stock valued at $2,445,500. 3.60% of the stock is owned by company insiders.

Extreme Networks Trading Up 0.1%

Shares of EXTR stock opened at $14.05 on Friday. The business has a 50-day moving average of $15.65 and a 200 day moving average of $18.33. 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, Inc. has a 1-year low of $10.10 and a 1-year high of $22.89. The stock has a market capitalization of $1.89 billion, a PE ratio of 200.74, a P/E/G ratio of 1.51 and a beta of 1.68.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Extreme Networks had a return on equity of 75.56% and a net margin of 0.75%.The firm had revenue of $317.93 million during the quarter, compared to the consensus estimate of $312.33 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The business’s 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. As a group, sell-side analysts anticipate that Extreme Networks, Inc. will post 0.31 earnings per share for the current 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.