Man Group plc Buys 183,258 Shares of Radware Ltd. (NASDAQ:RDWR)

Man Group plc raised its stake in Radware Ltd. (NASDAQ:RDWR - Free Report) by 506.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 219,408 shares of the information technology services provider's stock after buying an additional 183,258 shares during the period. Man Group plc owned about 0.52% of Radware worth $4,943,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RDWR. Nuveen Asset Management LLC boosted its position in shares of Radware by 3.0% during the 4th quarter. Nuveen Asset Management LLC now owns 192,027 shares of the information technology services provider's stock valued at $4,326,000 after purchasing an additional 5,572 shares in the last quarter. Millennium Management LLC boosted its position in shares of Radware by 14.0% during the 4th quarter. Millennium Management LLC now owns 613,795 shares of the information technology services provider's stock valued at $13,829,000 after purchasing an additional 75,474 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Radware by 30,278.2% during the 4th quarter. Lazard Asset Management LLC now owns 37,669 shares of the information technology services provider's stock valued at $848,000 after purchasing an additional 37,545 shares in the last quarter. Graham Capital Management L.P. bought a new stake in shares of Radware during the 4th quarter valued at about $236,000. Finally, Deutsche Bank AG boosted its position in shares of Radware by 5.6% during the 4th quarter. Deutsche Bank AG now owns 19,689 shares of the information technology services provider's stock valued at $444,000 after purchasing an additional 1,040 shares in the last quarter. Institutional investors and hedge funds own 73.12% of the company's stock.

Radware Price Performance

Shares of RDWR traded down $0.33 during mid-day trading on Friday, hitting $23.30. The stock had a trading volume of 75,693 shares, compared to its average volume of 232,238. The firm has a market cap of $994.61 million, a P/E ratio of 166.44 and a beta of 0.95. The business has a fifty day moving average price of $22.20 and a 200-day moving average price of $22.50. Radware Ltd. has a 52 week low of $17.01 and a 52 week high of $25.00.

Radware (NASDAQ:RDWR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm 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 business's revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. As a group, research analysts expect that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RDWR has been the topic of several research analyst reports. Needham & Company LLC restated a "hold" rating on shares of Radware in a research report on Friday, February 14th. Jefferies Financial Group cut their target price on Radware from $26.00 to $24.00 and set a "hold" rating on the stock in a research report on Monday, March 31st.

About Radware

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.