Extreme Networks, Inc. (NASDAQ:EXTR) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,054 shares of the technology company’s stock after purchasing an additional 1,535 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Extreme Networks worth $1,150,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in Extreme Networks by 7.6% during the 1st quarter. FMR LLC now owns 3,623,714 shares of the technology company’s stock worth $27,142,000 after buying an additional 255,096 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in Extreme Networks during the 1st quarter worth about $111,000. Man Group plc purchased a new stake in Extreme Networks during the 1st quarter worth about $100,000. State of Wisconsin Investment Board lifted its holdings in Extreme Networks by 5.5% during the 1st quarter. State of Wisconsin Investment Board now owns 817,938 shares of the technology company’s stock worth $7,157,000 after buying an additional 42,500 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in Extreme Networks during the 1st quarter worth about $722,000. 81.54% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on EXTR shares. TheStreet raised Extreme Networks from a “c+” rating to a “b” rating in a report on Tuesday, November 16th. Zacks Investment Research raised Extreme Networks from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Monday, November 8th. Needham & Company LLC boosted their target price on Extreme Networks from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, November 18th. Finally, B. Riley boosted their target price on Extreme Networks from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, July 29th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $14.25.

Extreme Networks stock opened at $13.58 on Thursday. Extreme Networks, Inc. has a fifty-two week low of $5.55 and a fifty-two week high of $13.90. The company has a debt-to-equity ratio of 4.11, a quick ratio of 0.86 and a current ratio of 0.93. The company has a market capitalization of $1.76 billion, a P/E ratio of 71.47 and a beta of 1.94. The stock has a 50-day simple moving average of $10.73 and a 200-day simple moving average of $10.82.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings data on Tuesday, November 2nd. The technology company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.05. The firm had revenue of $267.70 million during the quarter, compared to the consensus estimate of $256.94 million. Extreme Networks had a return on equity of 118.57% and a net margin of 2.25%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 EPS. As a group, analysts forecast that Extreme Networks, Inc. will post 0.47 earnings per share for the current year.

In other Extreme Networks news, CRO Joseph A. Vitalone sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 2nd. The stock was sold at an average price of $11.05, for a total transaction of $331,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward Meyercord sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, November 1st. The stock was sold at an average price of $10.14, for a total value of $253,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,000 shares of company stock valued at $703,750. 3.10% of the stock is owned by company insiders.

Extreme Networks Company Profile

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.

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Institutional Ownership by Quarter for Extreme Networks (NASDAQ:EXTR)

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