First Trust Advisors LP Buys 20,658 Shares of Radware Ltd. (NASDAQ:RDWR)

First Trust Advisors LP raised its stake in shares of Radware Ltd. (NASDAQ:RDWR) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 882,255 shares of the information technology services provider’s stock after purchasing an additional 20,658 shares during the quarter. First Trust Advisors LP’s holdings in Radware were worth $19,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Covestor Ltd purchased a new stake in shares of Radware during the 4th quarter valued at $28,000. Plato Investment Management Ltd bought a new position in Radware in the fourth quarter valued at $30,000. New Age Alpha Advisors LLC purchased a new stake in Radware during the fourth quarter valued at about $32,000. Quantbot Technologies LP bought a new stake in Radware during the fourth quarter worth about $59,000. Finally, R Squared Ltd purchased a new position in shares of Radware in the 4th quarter worth about $62,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Radware Trading Up 0.5 %

Shares of NASDAQ:RDWR opened at $23.19 on Friday. The stock has a market capitalization of $973.86 million, a P/E ratio of 165.65 and a beta of 0.98. The stock’s 50-day moving average price is $21.76 and its 200-day moving average price is $22.41. Radware Ltd. has a 12-month low of $16.53 and a 12-month high of $25.00.

Radware (NASDAQ:RDWR) last posted its quarterly earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.12). Radware had a return on equity of 3.81% and a net margin of 2.20%. As a group, research analysts predict that Radware Ltd. will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RDWR. Needham & Company LLC restated a “hold” rating on shares of Radware in a research report on Friday, February 14th. Jefferies Financial Group lowered their price objective on shares of Radware from $26.00 to $24.00 and set a “hold” rating for the company in a report on Monday, March 31st.

Radware Company Profile

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware’s Core Business and The Hawks’ Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.