Extreme Networks, Inc. $EXTR Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Key Points

• Barrow Hanley Mewhinney & Strauss trimmed its stake in Extreme Networks by 5.6% in Q3, selling 179,247 shares and leaving it with 3,021,934 shares (~2.26%) valued at ~$62.4M; overall institutional ownership stands at about 91.05%.
• CEO Edward Meyercord sold 50,000 shares on Feb 2 at an average price of $14.91, a 2.6% reduction that left him with 1,871,418 shares worth roughly $27.9M.
• Extreme beat Q results with EPS of $0.26 vs. $0.24 and revenue of $317.93M, issued FY26 guidance of $0.98–$1.02 EPS, and carries an average analyst target of $22.67 with a consensus "Moderate Buy" rating.

Barrow Hanley Mewhinney & Strauss LLC cut its stake in Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 5.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,021,934 shares of the technology company's stock after selling 179,247 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 2.26% of Extreme Networks worth $62,403,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EXTR. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of 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 purchasing an additional 126,972 shares during the last quarter. Axecap Investments LLC acquired a new stake in shares of Extreme Networks in the third quarter valued at approximately $1,609,000. Lisanti Capital Growth LLC lifted its position in Extreme Networks by 72.5% during the third quarter. Lisanti Capital Growth LLC now owns 248,712 shares of the technology company's stock worth $5,136,000 after buying an additional 104,557 shares in the last quarter. Calamos Advisors LLC lifted its position in Extreme Networks by 40.0% during 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. Finally, Vontobel Holding Ltd. acquired a new position in Extreme Networks during the third quarter worth $2,199,000. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Extreme Networks

In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of Extreme Networks stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $14.91, for a total transaction of $745,500.00. Following the transaction, the chief executive officer owned 1,871,418 shares of the company's stock, valued at $27,902,842.38. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.60% of the company's stock.

Extreme Networks Stock Performance

NASDAQ:EXTR opened at $14.26 on Wednesday. Extreme Networks, Inc. has a 52 week low of $10.10 and a 52 week high of $22.89. The company has a fifty day simple moving average of $14.99 and a two-hundred day simple moving average of $17.81. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 1.61. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 203.74, a price-to-earnings-growth ratio of 1.51 and a beta of 1.67.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last issued its earnings results 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 net margin of 0.75% and a return on equity of 75.56%. The firm had revenue of $317.93 million for the quarter, compared to analysts' expectations of $312.33 million. During the same quarter last year, the company earned $0.21 earnings per share. The firm's revenue was up 13.8% compared to the same quarter last year. 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, equities analysts anticipate that Extreme Networks, Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. 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. Rosenblatt Securities reissued a "buy" rating and issued a $25.00 price target on shares of Extreme Networks in a research note on Thursday, January 29th. Needham & Company LLC cut their price target on shares of Extreme Networks from $24.00 to $21.00 and set a "buy" rating for the company in a report on Thursday, January 29th. Wall Street Zen raised shares of Extreme Networks from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 28th. Finally, UBS Group reiterated a "neutral" rating and issued a $17.00 price objective on shares of Extreme Networks in a report on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $22.67.

Extreme Networks 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.

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