Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Radware Ltd. (NASDAQ:RDWR) by 4.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 430,087 shares of the information technology services provider’s stock after acquiring an additional 19,340 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Radware were worth $11,088,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in RDWR. Optimum Investment Advisors acquired a new position in Radware in the 3rd quarter valued at about $32,000. Point72 Asset Management L.P. acquired a new position in Radware in the 3rd quarter valued at about $119,000. Wells Fargo & Company MN raised its stake in Radware by 127.7% in the 2nd quarter. Wells Fargo & Company MN now owns 4,948 shares of the information technology services provider’s stock valued at $122,000 after purchasing an additional 2,775 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Radware in the 2nd quarter valued at about $293,000. Finally, LPL Financial LLC acquired a new position in Radware in the 2nd quarter valued at about $415,000. 71.17% of the stock is owned by institutional investors and hedge funds.
RDWR traded down $0.03 during midday trading on Thursday, hitting $25.95. The company’s stock had a trading volume of 26,443 shares, compared to its average volume of 96,300. The firm has a market cap of $1.21 billion, a P/E ratio of 54.06, a PEG ratio of 2.11 and a beta of 0.92. The firm has a 50-day moving average price of $25.22 and a two-hundred day moving average price of $24.51. Radware Ltd. has a 52-week low of $22.00 and a 52-week high of $26.98.
Radware (NASDAQ:RDWR) last posted its quarterly earnings results on Wednesday, November 6th. The information technology services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.12 by $0.13. The company had revenue of $62.86 million during the quarter, compared to analysts’ expectations of $62.84 million. Radware had a return on equity of 7.41% and a net margin of 9.33%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. On average, sell-side analysts forecast that Radware Ltd. will post 0.59 earnings per share for the current fiscal year.
RDWR has been the subject of several analyst reports. Zacks Investment Research raised shares of Radware from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Saturday, November 9th. ValuEngine downgraded shares of Radware from a “buy” rating to a “hold” rating in a research note on Saturday, January 18th. BidaskClub upgraded Radware from a “sell” rating to a “hold” rating in a report on Tuesday, December 31st. Finally, TheStreet upgraded Radware from a “c+” rating to a “b-” rating in a report on Thursday, December 5th.
Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in physical, virtual, cloud, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application.
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