Radware Ltd. (NASDAQ:RDWR – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.28 and traded as high as $31.04. Radware shares last traded at $30.49, with a volume of 165,379 shares.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Radware in a research note on Friday, March 27th. Wall Street Zen raised shares of Radware from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Radware in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Radware currently has a consensus rating of “Hold” and an average price target of $30.00.
Read Our Latest Report on Radware
Radware Trading Up 5.7%
Radware (NASDAQ:RDWR – Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The information technology services provider reported $0.30 EPS for the quarter. Radware had a net margin of 6.28% and a return on equity of 7.69%. The company had revenue of $79.81 million for the quarter.
Insider Buying and Selling
In other news, COO Gabriel Malka sold 3,111 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $29.00, for a total transaction of $90,219.00. Following the completion of the sale, the chief operating officer owned 61,422 shares of the company’s stock, valued at $1,781,238. This trade represents a 4.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Rivkah Goldriech sold 1,375 shares of Radware stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $29.50, for a total transaction of $40,562.50. Following the completion of the sale, the insider owned 60,741 shares of the company’s stock, valued at $1,791,859.50. This represents a 2.21% decrease in their position. The SEC filing for this sale provides additional information. 21.58% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Radware
Several institutional investors have recently made changes to their positions in RDWR. Parallel Advisors LLC boosted its position in shares of Radware by 48.8% during the 1st quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 374 shares in the last quarter. California State Teachers Retirement System increased its position in Radware by 1.1% in the 1st quarter. California State Teachers Retirement System now owns 36,404 shares of the information technology services provider’s stock valued at $958,000 after buying an additional 402 shares in the last quarter. Simplex Trading LLC raised its stake in Radware by 51.4% during the 4th quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider’s stock worth $37,000 after buying an additional 524 shares during the period. Squarepoint Ops LLC raised its stake in Radware by 4.5% during the 3rd quarter. Squarepoint Ops LLC now owns 12,308 shares of the information technology services provider’s stock worth $326,000 after buying an additional 527 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in Radware by 47.8% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,700 shares of the information technology services provider’s stock worth $41,000 after acquiring an additional 550 shares in the last quarter. Institutional investors and hedge funds own 73.12% of the company’s stock.
About Radware
Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission‐critical applications. Its product portfolio includes on‐premises and cloud‐based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company’s platforms use real‐time behavioral analysis, machine learning and automation to protect against distributed denial‐of‐service attacks, application layer threats and network intrusions.
Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.
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