Radware Ltd. (NASDAQ:RDWR) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its position in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 485.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,469 shares of the information technology services provider's stock after buying an additional 61,745 shares during the period. Northern Trust Corp owned about 0.18% of Radware worth $1,678,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of RDWR. Covestor Ltd purchased a new position in shares of Radware in the fourth quarter valued at approximately $28,000. Plato Investment Management Ltd acquired a new stake in Radware during the 4th quarter worth approximately $30,000. New Age Alpha Advisors LLC purchased a new position in Radware in the 4th quarter valued at approximately $32,000. Quantbot Technologies LP acquired a new position in shares of Radware in the fourth quarter worth $59,000. Finally, R Squared Ltd acquired a new position in shares of Radware in the fourth quarter worth $62,000. 73.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RDWR has been the topic of several analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Radware in a research note 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 research report on Monday, March 31st.

Radware Stock Down 0.8%

NASDAQ RDWR traded down $0.19 on Friday, hitting $23.21. 40,737 shares of the stock were exchanged, compared to its average volume of 229,871. Radware Ltd. has a fifty-two week low of $17.01 and a fifty-two week high of $25.00. The company has a 50-day moving average price of $22.27 and a 200-day moving average price of $22.54. The company has a market cap of $990.94 million, a PE ratio of 165.73 and a beta of 0.95.

Radware (NASDAQ:RDWR - Get Free Report) last issued its earnings results 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 the consensus estimate of $70.56 million. Radware had a net margin of 2.20% and a return on equity of 3.81%. The company's revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. As a group, equities research analysts predict that Radware Ltd. will post 0.28 EPS for the current fiscal year.

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.