Villanova Investment Management Co LLC Increases Holdings in Extreme Networks, Inc. $EXTR

by · The Cerbat Gem

Villanova Investment Management Co LLC increased its holdings in Extreme Networks, Inc. (NASDAQ:EXTR – Free Report) by 164.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,643 shares of the technology company’s stock after buying an additional 48,860 shares during the quarter. Villanova Investment Management Co LLC’s holdings in Extreme Networks were worth $1,412,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Steward Partners Investment Advisory LLC boosted its holdings in shares of Extreme Networks by 2,616.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 5,867 shares of the technology company’s stock valued at $105,000 after acquiring an additional 5,651 shares during the last quarter. Petrus Trust Company LTA acquired a new position in Extreme Networks during the first quarter valued at $158,000. Trust Co. of Toledo NA OH acquired a new stake in Extreme Networks during the 2nd quarter worth about $169,000. Strs Ohio acquired a new stake in Extreme Networks during the 1st quarter worth about $176,000. Finally, Vise Technologies Inc. purchased a new position in shares of Extreme Networks during the 2nd quarter valued at about $202,000. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $24.00 target price on shares of Extreme Networks in a research note on Monday, November 24th. Oppenheimer upgraded Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a research report on Thursday, October 30th. B. Riley reaffirmed a “buy” rating on shares of Extreme Networks in a report on Thursday, October 30th. Rosenblatt Securities reissued a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a report on Tuesday, November 11th. Finally, Bank of America started coverage on shares of Extreme Networks in a research report on Wednesday, November 19th. They set a “buy” rating and a $24.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.83.

View Our Latest Stock Report on Extreme Networks

Insiders Place Their Bets

In related news, CEO Edward Meyercord sold 50,000 shares of Extreme Networks stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $17.46, for a total value of $873,000.00. Following the sale, the chief executive officer directly owned 1,871,418 shares in the company, valued at approximately $32,674,958.28. The trade was a 2.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

Extreme Networks Price Performance

Extreme Networks stock opened at $17.59 on Monday. The stock has a market capitalization of $2.35 billion, a P/E ratio of 251.29, a P/E/G ratio of 1.95 and a beta of 1.67. The company’s fifty day moving average price is $18.86 and its 200 day moving average price is $18.86. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.75 and a current ratio of 0.91. Extreme Networks, Inc. has a 1 year low of $10.10 and a 1 year high of $22.89.

Extreme Networks (NASDAQ:EXTR – Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. The business had revenue of $310.25 million for the quarter, compared to the consensus estimate of $295.72 million. During the same period last year, the firm posted $0.17 earnings per share. The company’s revenue was up 15.2% compared to the same quarter last year. Extreme Networks has set its Q2 2026 guidance at 0.230-0.250 EPS. As a group, equities research analysts anticipate that Extreme Networks, Inc. will post 0.31 earnings per share for the current fiscal year.

Extreme Networks Profile

(Free Report)

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.

See Also

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