Lazard Asset Management LLC Grows Stock Holdings in Radware Ltd. (NASDAQ:RDWR)

Lazard Asset Management LLC increased its stake in Radware Ltd. (NASDAQ:RDWR - Free Report) by 30,278.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,669 shares of the information technology services provider's stock after buying an additional 37,545 shares during the period. Lazard Asset Management LLC owned 0.09% of Radware worth $848,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RDWR. Robeco Institutional Asset Management B.V. grew its holdings in shares of Radware by 127.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,216 shares of the information technology services provider's stock worth $2,844,000 after acquiring an additional 70,703 shares during the period. Ellsworth Advisors LLC purchased a new position in shares of Radware in the 4th quarter valued at approximately $632,000. Envestnet Asset Management Inc. boosted its position in shares of Radware by 424.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 51,904 shares of the information technology services provider's stock valued at $1,169,000 after purchasing an additional 42,009 shares in the last quarter. Barclays PLC grew its stake in Radware by 179.9% in the fourth quarter. Barclays PLC now owns 44,072 shares of the information technology services provider's stock worth $992,000 after purchasing an additional 28,329 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its stake in Radware by 19.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 158,574 shares of the information technology services provider's stock worth $3,573,000 after purchasing an additional 25,907 shares during the period. 73.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Radware Price Performance

RDWR stock traded down $0.33 on Monday, reaching $23.30. 75,693 shares of the company traded hands, compared to its average volume of 232,238. The firm has a fifty day simple moving average of $22.22 and a 200-day simple moving average of $22.51. The company has a market cap of $994.61 million, a P/E ratio of 166.44 and a beta of 0.95. Radware Ltd. has a one year low of $17.01 and a one year high of $25.00.

Radware (NASDAQ:RDWR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 3.81% and a net margin of 2.20%. The company's revenue was up 10.8% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. On average, sell-side analysts forecast that Radware Ltd. will post 0.28 EPS for the current 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.