Barclays PLC boosted its stake in Radware Ltd. (NASDAQ:RDWR - Free Report) by 179.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,072 shares of the information technology services provider's stock after purchasing an additional 28,329 shares during the quarter. Barclays PLC owned about 0.10% of Radware worth $992,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Legal & General Group Plc lifted its stake in shares of Radware by 14.8% in the fourth quarter. Legal & General Group Plc now owns 2,235,702 shares of the information technology services provider's stock valued at $50,370,000 after buying an additional 287,913 shares in the last quarter. Cooper Creek Partners Management LLC lifted its stake in shares of Radware by 264.3% in the fourth 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 buying an additional 694,112 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Radware by 23.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 727,705 shares of the information technology services provider's stock valued at $16,395,000 after buying an additional 140,135 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Radware by 6.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 438,003 shares of the information technology services provider's stock valued at $9,868,000 after buying an additional 27,804 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Radware by 9.5% during the fourth quarter. JPMorgan Chase & Co. now owns 360,375 shares of the information technology services provider's stock valued at $8,119,000 after purchasing an additional 31,396 shares in the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.
Radware Trading Up 0.2%
Shares of RDWR traded up $0.04 during trading hours on Friday, reaching $22.07. 810,240 shares of the company's stock traded hands, compared to its average volume of 237,886. The stock has a market cap of $942.10 million, a PE ratio of 157.65 and a beta of 0.95. The firm's 50 day simple moving average is $21.82 and its 200-day simple moving average is $22.40. Radware Ltd. has a 12 month low of $17.01 and a 12 month high of $25.00.
Radware (NASDAQ:RDWR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The business had revenue of $72.08 million during the quarter, compared to analysts' expectations of $70.56 million. Radware had a net margin of 2.20% and a return on equity of 3.81%. The business's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.16 EPS. As a group, analysts expect that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on RDWR shares. Needham & Company LLC reissued a "hold" rating on shares of Radware in a research report on Friday, February 14th. Jefferies Financial Group dropped their price target on shares of Radware from $26.00 to $24.00 and set a "hold" rating on the stock in a research report on Monday, March 31st.
Read Our Latest Analysis on RDWR
About Radware
(
Free Report)
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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