Barclays PLC Purchases 28,329 Shares of Radware Ltd. (NASDAQ:RDWR)

Barclays PLC boosted its position in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 179.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,072 shares of the information technology services provider's stock after acquiring an additional 28,329 shares during the period. Barclays PLC owned 0.10% of Radware worth $992,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cooper Creek Partners Management LLC grew its position in shares of Radware by 264.3% during the 4th quarter. Cooper Creek Partners Management LLC now owns 956,764 shares of the information technology services provider's stock valued at $21,556,000 after purchasing an additional 694,112 shares in the last quarter. Covestor Ltd bought a new stake in Radware during the fourth quarter valued at $28,000. Renaissance Group LLC purchased a new position in Radware during the fourth quarter worth about $2,240,000. Legal & General Group Plc increased its stake in Radware by 14.8% in the 4th quarter. Legal & General Group Plc now owns 2,235,702 shares of the information technology services provider's stock worth $50,370,000 after acquiring an additional 287,913 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Radware by 2.4% in the 4th quarter. Invesco Ltd. now owns 36,094 shares of the information technology services provider's stock valued at $813,000 after acquiring an additional 855 shares in the last quarter. Institutional investors own 73.12% of the company's stock.

Radware Trading Down 1.3 %

Shares of Radware stock opened at $23.12 on Tuesday. The firm has a market capitalization of $986.92 million, a PE ratio of 165.15 and a beta of 0.95. Radware Ltd. has a 12 month low of $16.84 and a 12 month high of $25.00. The business's 50-day moving average price is $21.80 and its 200-day moving average price is $22.41.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on RDWR shares. Needham & Company LLC reissued a "hold" rating on shares of Radware in a report on Friday, February 14th. Jefferies Financial Group cut their price target on shares of Radware from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Monday, March 31st.

About Radware

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.

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