Extreme Networks (EXTR) Shareholder Ratan Capital Management LP Has Trimmed Stake as Share Price Declined; Texan Capital Management Has Lowered Its Whiting Pete New (WLL) Holding as Share Value Rose

April 23, 2018 - By Michael Collier

Extreme Networks, Inc. (NASDAQ:EXTR) Logo

Texan Capital Management decreased its stake in Whiting Pete Corp New (WLL) by 75.53% based on its latest 2017Q4 regulatory filing with the SEC. Texan Capital Management sold 23,715 shares as the company’s stock rose 30.95% while stock markets declined. The institutional investor held 7,685 shares of the oil & gas production company at the end of 2017Q4, valued at $203,000, down from 31,400 at the end of the previous reported quarter. Texan Capital Management who had been investing in Whiting Pete Corp New for a number of months, seems to be less bullish one the $3.62B market cap company. The stock increased 0.99% or $0.39 during the last trading session, reaching $39.73. About 3.96 million shares traded. Whiting Petroleum Corporation (NYSE:WLL) has declined 0.96% since April 23, 2017 and is downtrending. It has underperformed by 12.51% the S&P500.

Nehal Chopra decreased its stake in Extreme Networks Inc (EXTR) by 91.98% based on its latest 2017Q4 regulatory filing with the SEC. Ratan Capital Management Lp sold 1.15 million shares as the company’s stock declined 7.89% with the market. The hedge fund run by Nehal Chopra held 100,000 shares of the technology company at the end of 2017Q4, valued at $1.25 million, down from 1.25M at the end of the previous reported quarter. Ratan Capital Management Lp who had been investing in Extreme Networks Inc for a number of months, seems to be less bullish one the $1.25B market cap company. The stock decreased 0.46% or $0.05 during the last trading session, reaching $10.87. About 1.11M shares traded. Extreme Networks, Inc. (NASDAQ:EXTR) has risen 78.12% since April 23, 2017 and is uptrending. It has outperformed by 66.57% the S&P500.

Investors sentiment decreased to 0 in 2017 Q4. Its down 0.94, from 0.94 in 2017Q3. It worsened, as 199 investors sold WLL shares while 3 reduced holdings. 0 funds opened positions while 1 raised stakes. 5.49 million shares or 98.22% less from 308.92 million shares in 2017Q3 were reported. Texan Mngmt has 7,685 shares for 0.13% of their portfolio. Cypress Capital Mngmt Limited Company (Wy) reported 0.66% stake. Macquarie Group Ltd has invested 0% in Whiting Petroleum Corporation (NYSE:WLL). Fine Capital LP reported 18.21% stake.

Since March 1, 2018, it had 0 buys, and 1 insider sale for $29,412 activity.

Analysts await Whiting Petroleum Corporation (NYSE:WLL) to report earnings on April, 25. They expect $0.18 earnings per share, up 130.00% or $0.78 from last year’s $-0.6 per share. WLL’s profit will be $16.38 million for 55.18 P/E if the $0.18 EPS becomes a reality. After $-0.17 actual earnings per share reported by Whiting Petroleum Corporation for the previous quarter, Wall Street now forecasts -205.88% EPS growth.

Among 43 analysts covering Whiting Petroleum Corporation (NYSE:WLL), 15 have Buy rating, 2 Sell and 26 Hold. Therefore 35% are positive. Whiting Petroleum Corporation had 158 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by Credit Suisse on Monday, December 11. The rating was initiated by R. F. Lafferty on Wednesday, December 21 with “Buy”. The firm earned “Strong Buy” rating on Friday, October 28 by Raymond James. The firm has “Buy” rating given on Friday, September 11 by Goldman Sachs. The stock of Whiting Petroleum Corporation (NYSE:WLL) has “Sell” rating given on Tuesday, September 12 by Morgan Stanley. The company was downgraded on Tuesday, March 15 by JP Morgan. Robert W. Baird maintained the stock with “Outperform” rating in Friday, November 10 report. The firm has “Hold” rating by Seaport Global given on Tuesday, December 19. The firm earned “Hold” rating on Tuesday, June 14 by Deutsche Bank. Stephens downgraded the stock to “Equal Weight” rating in Thursday, July 30 report.

Among 6 analysts covering Extreme Networks Inc (NASDAQ:EXTR), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Extreme Networks Inc had 15 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, September 15 by Wunderlich. Cowen & Co maintained Extreme Networks, Inc. (NASDAQ:EXTR) on Tuesday, February 6 with “Buy” rating. Zacks upgraded Extreme Networks, Inc. (NASDAQ:EXTR) rating on Friday, August 14. Zacks has “Hold” rating and $3.25 target. As per Wednesday, November 8, the company rating was maintained by Craig Hallum. The stock of Extreme Networks, Inc. (NASDAQ:EXTR) has “Buy” rating given on Thursday, September 15 by DA Davidson. On Wednesday, January 3 the stock rating was initiated by JMP Securities with “Buy”. The company was maintained on Wednesday, February 7 by Needham. The stock of Extreme Networks, Inc. (NASDAQ:EXTR) earned “Buy” rating by Needham on Monday, September 19. The firm has “Buy” rating given on Thursday, September 10 by Wunderlich. DA Davidson maintained Extreme Networks, Inc. (NASDAQ:EXTR) rating on Wednesday, February 7. DA Davidson has “Buy” rating and $17.0 target.

Investors sentiment increased to 1.46 in Q4 2017. Its up 0.49, from 0.97 in 2017Q3. It increased, as 21 investors sold EXTR shares while 50 reduced holdings. 31 funds opened positions while 73 raised stakes. 89.19 million shares or 1.39% less from 90.45 million shares in 2017Q3 were reported. Los Angeles Cap Equity Rech holds 0.01% or 149,732 shares. California State Teachers Retirement Sys has 176,687 shares for 0% of their portfolio. Axa has 511,900 shares for 0.03% of their portfolio. Brown Advisory holds 0% of its portfolio in Extreme Networks, Inc. (NASDAQ:EXTR) for 44,957 shares. Envestnet Asset stated it has 0% in Extreme Networks, Inc. (NASDAQ:EXTR). First Quadrant LP Ca holds 345,165 shares. Northwestern Mutual Wealth Mngmt holds 100 shares or 0% of its portfolio. Cubist Systematic Strategies Lc invested 0.03% in Extreme Networks, Inc. (NASDAQ:EXTR). Alpine Woods Cap Ltd Liability Com stated it has 10,000 shares. Strs Ohio reported 0% stake. Cambridge Investment Research has 0.01% invested in Extreme Networks, Inc. (NASDAQ:EXTR) for 45,227 shares. Parametrica Mngmt Limited invested in 0.18% or 23,220 shares. Louisiana-based Diversified Investment Strategies Limited Liability Corp has invested 3.95% in Extreme Networks, Inc. (NASDAQ:EXTR). Granahan Invest Management Ma reported 665,061 shares. Millennium Limited Liability accumulated 0% or 217,003 shares.

Analysts await Extreme Networks, Inc. (NASDAQ:EXTR) to report earnings on May, 8 after the close. They expect $0.13 earnings per share, up 62.50% or $0.05 from last year’s $0.08 per share. EXTR’s profit will be $14.99 million for 20.90 P/E if the $0.13 EPS becomes a reality. After $0.09 actual earnings per share reported by Extreme Networks, Inc. for the previous quarter, Wall Street now forecasts 44.44% EPS growth.

Extreme Networks, Inc. (NASDAQ:EXTR) Institutional Positions Chart

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