UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 21,252 Shares of Radware Ltd. (NASDAQ:RDWR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Radware Ltd. (NASDAQ:RDWR - Free Report) by 34.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,660 shares of the information technology services provider's stock after buying an additional 21,252 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of Radware worth $1,885,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Plato Investment Management Ltd bought a new stake in Radware during the fourth quarter worth approximately $30,000. Inceptionr LLC lifted its holdings in shares of Radware by 8.6% during the fourth quarter. Inceptionr LLC now owns 14,737 shares of the information technology services provider's stock worth $332,000 after buying an additional 1,161 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Radware by 23.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 727,705 shares of the information technology services provider's stock worth $16,395,000 after buying an additional 140,135 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Radware during the fourth quarter worth approximately $214,000. Finally, Quantbot Technologies LP acquired a new position in shares of Radware during the fourth quarter worth approximately $59,000. Institutional investors own 73.12% of the company's stock.

Radware Stock Up 0.2%

Radware stock traded up $0.06 during mid-day trading on Wednesday, hitting $24.37. 127,714 shares of the company were exchanged, compared to its average volume of 222,044. The business has a fifty day moving average of $22.67 and a 200 day moving average of $22.60. Radware Ltd. has a 1-year low of $17.01 and a 1-year high of $25.00. The company has a market capitalization of $1.04 billion, a PE ratio of 174.08 and a beta of 0.93.

Radware (NASDAQ:RDWR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $72.08 million for the quarter, compared to analysts' expectations of $70.56 million. Radware had a return on equity of 3.81% and a net margin of 2.20%. The business's revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. Research analysts expect that Radware Ltd. will post 0.28 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on RDWR. Jefferies Financial Group cut their price target on Radware from $26.00 to $24.00 and set a "hold" rating for the company in a report on Monday, March 31st. Needham & Company LLC restated a "hold" rating on shares of Radware in a research note on Friday, February 14th.

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.