Radware Ltd. (NASDAQ:RDWR) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lowered its stake in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 32.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,954 shares of the information technology services provider's stock after selling 62,326 shares during the quarter. Cubist Systematic Strategies LLC owned 0.30% of Radware worth $2,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Balyasny Asset Management L.P. purchased a new stake in shares of Radware during the fourth quarter worth $227,000. Algert Global LLC increased its holdings in Radware by 27.2% in the fourth quarter. Algert Global LLC now owns 24,223 shares of the information technology services provider's stock valued at $546,000 after buying an additional 5,180 shares during the last quarter. Northern Trust Corp increased its holdings in Radware by 485.3% in the fourth quarter. Northern Trust Corp now owns 74,469 shares of the information technology services provider's stock valued at $1,678,000 after buying an additional 61,745 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Radware in the fourth quarter valued at $422,000. Finally, Two Sigma Securities LLC increased its holdings in Radware by 16.6% in the fourth quarter. Two Sigma Securities LLC now owns 10,867 shares of the information technology services provider's stock valued at $245,000 after buying an additional 1,545 shares during the last quarter. Hedge funds and other institutional investors own 73.12% of the company's stock.

Radware Stock Performance

NASDAQ RDWR traded up $0.18 during trading hours on Friday, hitting $23.86. The company had a trading volume of 32,680 shares, compared to its average volume of 235,632. Radware Ltd. has a 1-year low of $17.01 and a 1-year high of $25.00. The company has a market cap of $1.02 billion, a PE ratio of 170.41 and a beta of 0.95. The business has a 50 day moving average of $21.97 and a 200-day moving average of $22.44.

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 for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $70.56 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The business's quarterly revenue was up 10.8% compared to the same quarter last year. Sell-side analysts expect that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Radware Company 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.