Legato Capital Management LLC Has $839,000 Holdings in Extreme Networks, Inc. $EXTR

Legato Capital Management LLC cut its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 46.5% in the fourth quarter, Holdings Channel reports. The firm owned 50,405 shares of the technology company’s stock after selling 43,855 shares during the quarter. Legato Capital Management LLC’s holdings in Extreme Networks were worth $839,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Larson Financial Group LLC grew its stake in shares of Extreme Networks by 54.8% during the fourth quarter. Larson Financial Group LLC now owns 16,504 shares of the technology company’s stock worth $275,000 after purchasing an additional 5,841 shares during the period. ProShare Advisors LLC grew its stake in shares of Extreme Networks by 3.0% during the fourth quarter. ProShare Advisors LLC now owns 25,609 shares of the technology company’s stock worth $426,000 after purchasing an additional 735 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Extreme Networks by 3.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 30,633 shares of the technology company’s stock worth $510,000 after purchasing an additional 900 shares during the period. Strs Ohio grew its stake in shares of Extreme Networks by 15.3% during the fourth quarter. Strs Ohio now owns 54,400 shares of the technology company’s stock worth $906,000 after purchasing an additional 7,200 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Extreme Networks during the fourth quarter worth $1,009,000. 91.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Edward Meyercord sold 21,209 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $23.12, for a total value of $490,352.08. Following the sale, the chief executive officer directly owned 1,797,270 shares in the company, valued at $41,552,882.40. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $23.20, for a total value of $232,000.00. Following the completion of the sale, the director owned 210,062 shares in the company, valued at approximately $4,873,438.40. This trade represents a 4.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 297,182 shares of company stock valued at $6,448,528. Corporate insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. B. Riley Financial reaffirmed a “buy” rating on shares of Extreme Networks in a research note on Thursday, April 30th. UBS Group set a $28.00 target price on Extreme Networks in a research note 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. Needham & Company LLC boosted their target price on Extreme Networks from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $25.00 target price on shares of Extreme Networks in a research note on Thursday, January 29th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Extreme Networks presently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

Extreme Networks Price Performance

NASDAQ:EXTR opened at $25.60 on Tuesday. Extreme Networks, Inc. has a 1 year low of $13.48 and a 1 year high of $25.84. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.89. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 213.33, a PEG ratio of 2.42 and a beta of 1.77. The stock has a 50-day moving average price of $18.80 and a two-hundred day moving average price of $16.97.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $316.87 million for the quarter, compared to analyst estimates of $311.48 million. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. As a group, equities analysts expect that Extreme Networks, Inc. will post 0.53 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.