UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.89 Million Stake in Radware Ltd. (NASDAQ:RDWR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 34.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 83,660 shares of the information technology services provider's stock after acquiring an additional 21,252 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.20% of Radware worth $1,885,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Covestor Ltd purchased a new position in shares of Radware in the 4th quarter valued at $28,000. Plato Investment Management Ltd acquired a new position in Radware in the fourth quarter valued at approximately $30,000. New Age Alpha Advisors LLC acquired a new position in Radware during the 4th quarter valued at about $32,000. Quantbot Technologies LP acquired a new stake in Radware in the fourth quarter worth about $59,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Radware in the fourth quarter worth approximately $149,000. Institutional investors and hedge funds own 73.12% of the company's stock.

Radware Price Performance

Shares of RDWR stock traded up $0.04 during trading hours on Wednesday, reaching $24.35. 83,331 shares of the company were exchanged, compared to its average volume of 222,213. Radware Ltd. has a fifty-two week low of $17.01 and a fifty-two week high of $25.00. The stock's fifty day moving average is $22.57 and its two-hundred day moving average is $22.59. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 173.51 and a beta of 0.93.

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, beating the consensus estimate of $0.23 by $0.04. Radware had a net margin of 2.20% and a return on equity of 3.81%. The firm had revenue of $72.08 million during the quarter, compared to the consensus estimate of $70.56 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The business's quarterly revenue was up 10.8% on a year-over-year basis. On average, research analysts anticipate that Radware Ltd. will post 0.28 earnings per share for the current year.

Analyst Ratings Changes

RDWR has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their price objective on shares of Radware from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Radware in a research note on Friday, February 14th.

Radware 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.