Wall Street Zen cut shares of Radware (NASDAQ:RDWR – Free Report) from a buy rating to a hold rating in a research note issued to investors on Monday,Wall Street Zen reports.
Separately, Weiss Ratings upgraded Radware from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, September 25th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.00.
Get Our Latest Stock Analysis on Radware
Radware Trading Down 1.7%
Radware (NASDAQ:RDWR – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter. Radware had a net margin of 5.34% and a return on equity of 7.47%. The business had revenue of $82.28 million during the quarter.
Insider Activity
In other Radware news, CFO Guy Avidan purchased 2,000 shares of the company’s stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $25.21 per share, for a total transaction of $50,420.00. Following the completion of the transaction, the chief financial officer owned 95,800 shares in the company, valued at $2,415,118. The trade was a 2.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Gabriel Malka sold 6,500 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $30.00, for a total transaction of $195,000.00. Following the completion of the sale, the chief operating officer directly owned 47,922 shares of the company’s stock, valued at $1,437,660. The trade was a 11.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.58% of the stock is currently owned by insiders.
Institutional Trading of Radware
A number of hedge funds and other institutional investors have recently made changes to their positions in RDWR. Public Employees Retirement System of Ohio purchased a new position in shares of Radware in the second quarter worth approximately $2,057,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of Radware by 87.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider’s stock valued at $1,686,000 after acquiring an additional 25,499 shares in the last quarter. Rice Hall James & Associates LLC lifted its position in shares of Radware by 3.4% in the 4th quarter. Rice Hall James & Associates LLC now owns 667,059 shares of the information technology services provider’s stock valued at $16,069,000 after acquiring an additional 21,928 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Radware by 17.3% in the 1st quarter. Lazard Asset Management LLC now owns 98,020 shares of the information technology services provider’s stock valued at $2,580,000 after acquiring an additional 14,464 shares in the last quarter. Finally, Capital Advisors Ltd. LLC acquired a new position in Radware in the 1st quarter worth approximately $79,000. 73.12% of the stock is currently owned by institutional investors.
Radware Company Profile
Radware Ltd. (NASDAQ: RDWR) is a global provider of cybersecurity and application delivery solutions. The company helps organizations protect digital applications, networks and data from cyber threats while maintaining the availability, performance and reliability of business-critical services.
Its portfolio includes distributed denial-of-service (DDoS) protection, web application and API protection, bot management, network and application security, and cloud-based security services. Radware also offers application delivery controllers and related traffic-management technologies under its Alteon product line, as well as services designed to support hybrid, on-premises and cloud environments.
Founded in 1996, Radware serves enterprises, telecommunications carriers, cloud service providers and other organizations worldwide.
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