Radware (NASDAQ:RDWR) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Radware from “Buy” to “Hold,” while Weiss Ratings separately upgraded the stock from “Sell (D+)” to “Hold.” Radware has a consensus “Hold” rating and a $25.00 target price.
• Radware shares opened at $30.70, with a 12-month range of $21.68 to $32.79, a market capitalization of approximately $1.29 billion, and a high P/E ratio of 80.79.
• The company reported quarterly EPS of $0.30 on revenue of $82.28 million. Insider activity was mixed, with the CFO purchasing shares while the COO sold shares; institutional investors collectively own 73.12% of Radware.

Radware (NASDAQ:RDWR - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Monday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Radware from a "sell (d+)" rating to a "hold (c)" rating in a research report on Friday, September 25th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $25.00.

Radware Stock Performance

Shares of NASDAQ:RDWR opened at $30.70 on Monday. Radware has a 12-month low of $21.68 and a 12-month high of $32.79. The business has a 50 day moving average of $28.55 and a two-hundred day moving average of $28.20. The company has a market capitalization of $1.29 billion, a PE ratio of 80.79 and a beta of 0.86.

Radware (NASDAQ:RDWR - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The information technology services provider reported $0.30 EPS for the quarter. The business had revenue of $82.28 million for the quarter. Radware had a net margin of 5.34% and a return on equity of 7.47%.

Insider Buying and Selling

In other Radware news, CFO Guy Avidan acquired 2,000 shares of the company's stock in a transaction on Friday, July 31st. The shares were bought at an average cost of $25.21 per share, with a total value of $50,420.00. Following the completion of the acquisition, the chief financial officer owned 95,800 shares in the company, valued at approximately $2,415,118. This trade represents a 2.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Gabriel Malka sold 6,500 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $30.00, for a total value of $195,000.00. Following the completion of the sale, the chief operating officer owned 47,922 shares of the company's stock, valued at $1,437,660. This trade represents a 11.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 21.58% of the company's stock.

Institutional Investors Weigh In On Radware

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its stake in Radware by 48.8% in the first quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider's stock valued at $30,000 after buying an additional 374 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Radware by 1.1% during the 1st quarter. California State Teachers Retirement System now owns 36,404 shares of the information technology services provider's stock worth $958,000 after acquiring an additional 402 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Radware by 3.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 19,500 shares of the information technology services provider's stock valued at $602,000 after acquiring an additional 700 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Radware in the 2nd quarter valued at about $27,000. Finally, Pacer Advisors Inc. raised its position in shares of Radware by 27.9% during the 1st quarter. Pacer Advisors Inc. now owns 5,409 shares of the information technology services provider's stock worth $142,000 after acquiring an additional 1,179 shares in the last quarter. Hedge funds and other institutional investors own 73.12% of the company's stock.

About Radware

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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