Cubist Systematic Strategies LLC Has $2.86 Million Stock Holdings in Radware Ltd. (NASDAQ:RDWR)

Cubist Systematic Strategies LLC decreased its position in Radware Ltd. (NASDAQ:RDWR - Free Report) by 32.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,954 shares of the information technology services provider's stock after selling 62,326 shares during the period. Cubist Systematic Strategies LLC owned about 0.30% of Radware worth $2,860,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RDWR. Covestor Ltd purchased a new stake in Radware during the fourth quarter worth about $28,000. Plato Investment Management Ltd acquired a new position in Radware during the fourth quarter worth approximately $30,000. New Age Alpha Advisors LLC acquired a new position in Radware during the fourth quarter worth approximately $32,000. Quantbot Technologies LP purchased a new stake in Radware during the fourth quarter worth approximately $59,000. Finally, R Squared Ltd purchased a new stake in Radware during the fourth quarter worth approximately $62,000. Hedge funds and other institutional investors own 73.12% of the company's stock.

Radware Price Performance

RDWR traded down $0.32 during midday trading on Wednesday, hitting $23.74. 101,349 shares of the company's stock traded hands, compared to its average volume of 237,095. The company has a market cap of $1.01 billion, a PE ratio of 169.58 and a beta of 0.95. The stock's fifty day simple moving average is $21.92 and its 200-day simple moving average is $22.43. Radware Ltd. has a one year low of $17.01 and a one year high of $25.00.

Radware (NASDAQ:RDWR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. Radware had a net margin of 2.20% and a return on equity of 3.81%. The business had revenue of $72.08 million for the quarter, compared to analyst estimates of $70.56 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Radware's revenue was up 10.8% compared to the same quarter last year. On average, research analysts expect that Radware Ltd. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Jefferies Financial Group reduced their price objective on shares of Radware from $26.00 to $24.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Radware in a research note on Friday, February 14th.

Radware Profile

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.