D. E. Shaw & Co. Inc. reduced its stake in shares of Radware Ltd. (NASDAQ:RDWR) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 249,807 shares of the information technology services provider’s stock after selling 5,635 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.56% of Radware worth $5,673,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of RDWR. Virtu Financial LLC bought a new stake in shares of Radware during the 3rd quarter worth $261,000. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Radware by 8.2% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 11,950 shares of the information technology services provider’s stock worth $301,000 after acquiring an additional 905 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Radware during the 3rd quarter worth $305,000. AMP Capital Investors Ltd bought a new stake in Radware in the third quarter worth $378,000. Finally, Vanguard Group Inc lifted its stake in Radware by 8.3% in the third quarter. Vanguard Group Inc now owns 15,867 shares of the information technology services provider’s stock worth $420,000 after purchasing an additional 1,214 shares during the last quarter. 69.30% of the stock is owned by institutional investors.
Several analysts have weighed in on the stock. BidaskClub raised shares of Radware from a “sell” rating to a “hold” rating in a research note on Tuesday, December 11th. Berenberg Bank assumed coverage on shares of Radware in a research note on Thursday, November 29th. They issued a “buy” rating and a $30.00 price target for the company. Zacks Investment Research downgraded shares of Radware from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Finally, TheStreet raised shares of Radware from a “c+” rating to a “b” rating in a research note on Thursday, February 7th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $30.00.
Radware stock opened at $25.95 on Friday. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 89.48, a price-to-earnings-growth ratio of 4.49 and a beta of 0.86. Radware Ltd. has a twelve month low of $20.92 and a twelve month high of $28.50.
Radware (NASDAQ:RDWR) last posted its quarterly earnings results on Wednesday, February 6th. The information technology services provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.06. The business had revenue of $63.82 million during the quarter, compared to the consensus estimate of $63.28 million. Radware had a net margin of 5.01% and a return on equity of 3.88%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. On average, equities analysts anticipate that Radware Ltd. will post 0.32 EPS for the current fiscal year.
Radware Company Profile
Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in virtual, cloud, and software defined data centers worldwide. The company offers application and network security solutions, such as DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application.
Further Reading: Debt-To-Equity Ratio
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