SG Americas Securities LLC Has $459,000 Stake in Extreme Networks, Inc. $EXTR

by · The Cerbat Gem

SG Americas Securities LLC trimmed its stake in Extreme Networks, Inc. (NASDAQ:EXTR – Free Report) by 72.0% in the first quarter, Holdings Channel.com reports. The firm owned 30,423 shares of the technology company’s stock after selling 78,113 shares during the quarter. SG Americas Securities LLC’s holdings in Extreme Networks were worth $459,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in EXTR. Caitong International Asset Management Co. Ltd acquired a new position in Extreme Networks in the 3rd quarter valued at approximately $31,000. Rockefeller Capital Management L.P. boosted its stake in shares of Extreme Networks by 313.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company’s stock valued at $33,000 after buying an additional 1,484 shares during the period. CWM LLC grew its holdings in shares of Extreme Networks by 51.7% during the 4th quarter. CWM LLC now owns 3,179 shares of the technology company’s stock valued at $53,000 after acquiring an additional 1,084 shares in the last quarter. Quarry LP grew its holdings in shares of Extreme Networks by 74.9% during the 3rd quarter. Quarry LP now owns 2,610 shares of the technology company’s stock valued at $54,000 after acquiring an additional 1,118 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Extreme Networks by 136.8% in the fourth quarter. Advisors Asset Management Inc. now owns 3,221 shares of the technology company’s stock worth $54,000 after acquiring an additional 1,861 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Extreme Networks Stock Up 3.7%

EXTR stock opened at $31.12 on Thursday. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 259.33, a price-to-earnings-growth ratio of 1.84 and a beta of 1.77. The company has a 50-day moving average of $27.65 and a two-hundred day moving average of $19.82. Extreme Networks, Inc. has a 52-week low of $13.48 and a 52-week high of $33.10. 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 (NASDAQ:EXTR – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The business had revenue of $316.87 million for the quarter, compared to analyst estimates of $311.48 million. During the same period in the previous year, the company posted $0.21 earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. As a group, equities research analysts anticipate that Extreme Networks, Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling

In other news, Director Edward H. Kennedy sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $22.86, for a total transaction of $1,143,000.00. Following the completion of the transaction, the director directly owned 576,045 shares in the company, valued at $13,168,388.70. The trade was a 7.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen M. Holmgren sold 19,521 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $24.78, for a total value of $483,730.38. Following the completion of the sale, the director directly owned 219,308 shares of the company’s stock, valued at $5,434,452.24. This represents a 8.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 592,182 shares of company stock worth $15,423,978. 3.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EXTR. Lake Street Capital increased their price objective on Extreme Networks from $25.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, June 15th. UBS Group set a $28.00 target price on Extreme Networks in a research note on Thursday, April 30th. B. Riley Financial reaffirmed a “buy” rating on shares of Extreme Networks in a research report on Thursday, April 30th. Wall Street Zen raised Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 24th. Finally, Bank of America lifted their price target on Extreme Networks from $28.00 to $33.00 and gave the company a “buy” rating in a report on Monday, June 8th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.83.

View Our Latest Stock Analysis on Extreme Networks

About Extreme Networks

(Free Report)

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.

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