Man Group plc boosted its position in Radware Ltd. (NASDAQ:RDWR - Free Report) by 506.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 219,408 shares of the information technology services provider's stock after purchasing an additional 183,258 shares during the quarter. Man Group plc owned about 0.52% of Radware worth $4,943,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in RDWR. Covestor Ltd acquired a new stake in shares of Radware in the fourth quarter valued at about $28,000. Plato Investment Management Ltd purchased a new stake in Radware during the 4th quarter valued at about $30,000. New Age Alpha Advisors LLC acquired a new stake in Radware in the 4th quarter valued at about $32,000. Quantbot Technologies LP purchased a new position in Radware in the 4th quarter worth approximately $59,000. Finally, R Squared Ltd acquired a new position in shares of Radware during the 4th quarter worth approximately $62,000. 73.12% of the stock is owned by institutional investors and hedge funds.
Radware Stock Performance
Shares of NASDAQ RDWR traded down $0.33 during midday trading on Monday, reaching $23.30. 75,693 shares of the stock were exchanged, compared to its average volume of 232,238. The stock has a market capitalization of $994.61 million, a P/E ratio of 166.44 and a beta of 0.95. The company has a 50 day simple moving average of $22.20 and a 200 day simple moving average of $22.50. Radware Ltd. has a twelve month low of $17.01 and a twelve month high of $25.00.
Radware (NASDAQ:RDWR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The business had revenue of $72.08 million for the quarter, compared to analyst estimates of $70.56 million. Radware had a return on equity of 3.81% and a net margin of 2.20%. The company's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 EPS. On average, research analysts expect that Radware Ltd. will post 0.28 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms recently commented on RDWR. Needham & Company LLC reaffirmed a "hold" rating on shares of Radware in a report on Friday, February 14th. Jefferies Financial Group reduced their price target on Radware from $26.00 to $24.00 and set a "hold" rating on the stock in a report on Monday, March 31st.
Read Our Latest Research Report on RDWR
Radware Profile
(
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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