Radware Ltd. $RDWR Stock Position Reduced by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC has reduced its stake in Radware Ltd. by 48.7%, dropping to 65,075 shares valued at approximately $1.4 million.
• Several hedge funds have increased their holdings in Radware, with Northern Trust Corp leading the charge with a 485.3% increase during the last quarter.
• Analysts have set new target prices for Radware, with Barclays raising its target from $30 to $35 and Jefferies increasing its target to $30.

Cubist Systematic Strategies LLC trimmed its stake in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 48.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,075 shares of the information technology services provider's stock after selling 61,879 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.15% of Radware worth $1,407,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Radware by 9.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 793,184 shares of the information technology services provider's stock valued at $17,149,000 after acquiring an additional 65,479 shares during the last quarter. Millennium Management LLC lifted its position in shares of Radware by 14.0% in the 4th quarter. Millennium Management LLC now owns 613,795 shares of the information technology services provider's stock worth $13,829,000 after buying an additional 75,474 shares during the last quarter. Man Group plc lifted its position in shares of Radware by 506.9% in the 4th quarter. Man Group plc now owns 219,408 shares of the information technology services provider's stock worth $4,943,000 after buying an additional 183,258 shares during the last quarter. Nuveen LLC bought a new position in shares of Radware in the 1st quarter worth about $4,213,000. Finally, Nuveen Asset Management LLC lifted its position in shares of Radware by 3.0% in the 4th quarter. Nuveen Asset Management LLC now owns 192,027 shares of the information technology services provider's stock worth $4,326,000 after buying an additional 5,572 shares during the last quarter. 73.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group raised their price target on shares of Radware from $25.00 to $30.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Wolfe Research assumed coverage on shares of Radware in a research report on Tuesday, July 8th. They issued an "outperform" rating on the stock. Barclays restated an "overweight" rating and issued a $35.00 price target (up from $30.00) on shares of Radware in a research report on Thursday, July 31st. Finally, Wall Street Zen downgraded shares of Radware from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 30th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.50.

Radware Price Performance

Shares of RDWR traded down $0.52 during mid-day trading on Friday, hitting $25.75. The company's stock had a trading volume of 76,209 shares, compared to its average volume of 140,312. The firm has a 50-day moving average price of $26.45 and a 200 day moving average price of $24.51. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 80.47 and a beta of 0.99. Radware Ltd. has a fifty-two week low of $18.46 and a fifty-two week high of $31.57.

Radware (NASDAQ:RDWR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The information technology services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. The company had revenue of $74.22 million for the quarter, compared to analysts' expectations of $73.42 million. Radware had a net margin of 4.90% and a return on equity of 6.11%. The business's revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS. Radware has set its Q3 2025 guidance at 0.260-0.270 EPS. As a group, equities analysts anticipate that Radware Ltd. will post 0.28 EPS for the current fiscal year.

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.