Thrivent Financial for Lutherans Has $1.54 Million Stock Holdings in Extreme Networks, Inc. (NASDAQ:EXTR)

Thrivent Financial for Lutherans reduced its position in shares of Extreme Networks, Inc. (NASDAQ:EXTR) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 102,352 shares of the technology company’s stock after selling 5,524 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of Extreme Networks worth $1,538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Extreme Networks by 109.5% during the third quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock valued at $30,000 after acquiring an additional 1,035 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Extreme Networks by 1,635.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company’s stock valued at $67,000 after purchasing an additional 4,709 shares during the period. KBC Group NV increased its stake in Extreme Networks by 54.3% during the 3rd quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock valued at $75,000 after purchasing an additional 1,745 shares in the last quarter. Gladius Capital Management LP acquired a new position in Extreme Networks during the second quarter worth $90,000. Finally, Hennessy Advisors Inc. bought a new position in shares of Extreme Networks in the second quarter valued at $148,000. Institutional investors own 91.05% of the company’s stock.

Insider Activity at Extreme Networks

In related news, Director Charles Carinalli sold 5,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $16.06, for a total transaction of $80,300.00. Following the completion of the transaction, the director now owns 371,793 shares in the company, valued at approximately $5,970,995.58. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raj Khanna sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $16.53, for a total transaction of $165,300.00. Following the sale, the director now owns 228,733 shares of the company’s stock, valued at $3,780,956.49. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 127,175 shares of company stock valued at $1,927,079. 3.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EXTR has been the subject of several recent research reports. StockNews.com downgraded shares of Extreme Networks from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. Needham & Company LLC reissued a “buy” rating and set a $16.50 price objective on shares of Extreme Networks in a report on Thursday, August 8th. Craig Hallum increased their price objective on Extreme Networks from $17.00 to $22.50 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $21.00 target price on shares of Extreme Networks in a research report on Wednesday, November 6th. Finally, B. Riley upped their price target on Extreme Networks from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Extreme Networks currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Extreme Networks Trading Up 1.1 %

NASDAQ:EXTR opened at $16.60 on Friday. Extreme Networks, Inc. has a 52 week low of $10.49 and a 52 week high of $18.77. The firm has a 50-day moving average price of $15.42 and a two-hundred day moving average price of $14.03. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of -17.11, a price-to-earnings-growth ratio of 3.58 and a beta of 1.77. The company has a debt-to-equity ratio of 5.33, a quick ratio of 0.63 and a current ratio of 0.91.

Extreme Networks 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.