New York State Common Retirement Fund Increases Stock Position in Radware Ltd. (NASDAQ:RDWR)

New York State Common Retirement Fund grew its holdings in Radware Ltd. (NASDAQ:RDWR - Free Report) by 12.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,085 shares of the information technology services provider's stock after acquiring an additional 19,320 shares during the period. New York State Common Retirement Fund owned 0.42% of Radware worth $3,829,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Covestor Ltd bought a new stake in shares of Radware during the 4th quarter worth $28,000. New Age Alpha Advisors LLC acquired a new position in shares of Radware in the 4th quarter valued at $32,000. Quantbot Technologies LP bought a new stake in shares of Radware in the 4th quarter worth about $59,000. KLP Kapitalforvaltning AS bought a new stake in shares of Radware in the 4th quarter worth about $149,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Radware in the 4th quarter worth about $214,000. 73.12% of the stock is owned by institutional investors.

Radware Stock Performance

RDWR traded down $0.08 during trading on Friday, reaching $28.51. 179,139 shares of the stock were exchanged, compared to its average volume of 278,721. The stock's 50 day moving average price is $26.93 and its two-hundred day moving average price is $23.85. Radware Ltd. has a twelve month low of $18.28 and a twelve month high of $31.57. The stock has a market cap of $1.22 billion, a P/E ratio of 105.60 and a beta of 0.99.

Radware (NASDAQ:RDWR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The firm had revenue of $72.08 million during the quarter, compared to analysts' expectations of $70.56 million. Radware had a net margin of 4.12% and a return on equity of 5.39%. The company's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 earnings per share. Equities research analysts predict that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wolfe Research started coverage on shares of Radware in a report on Tuesday, July 8th. They set an "outperform" rating on the stock. Jefferies Financial Group increased their price target on shares of Radware from $25.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $30.00.

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.