Lazard Asset Management LLC Buys 37,545 Shares of Radware Ltd. (NASDAQ:RDWR)

Lazard Asset Management LLC boosted its stake in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 30,278.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,669 shares of the information technology services provider's stock after buying an additional 37,545 shares during the quarter. Lazard Asset Management LLC owned approximately 0.09% of Radware worth $848,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Graham Capital Management L.P. acquired a new position in Radware during the 4th quarter worth about $236,000. Deutsche Bank AG lifted its holdings in Radware by 5.6% during the 4th quarter. Deutsche Bank AG now owns 19,689 shares of the information technology services provider's stock worth $444,000 after buying an additional 1,040 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in Radware by 19.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 158,574 shares of the information technology services provider's stock worth $3,573,000 after buying an additional 25,907 shares during the period. Balyasny Asset Management L.P. acquired a new position in Radware during the 4th quarter worth about $227,000. Finally, Algert Global LLC lifted its holdings in Radware by 27.2% during the 4th quarter. Algert Global LLC now owns 24,223 shares of the information technology services provider's stock worth $546,000 after buying an additional 5,180 shares during the period. 73.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Radware Stock Performance

Shares of NASDAQ:RDWR traded down $0.33 during midday trading on Friday, reaching $23.30. The company's stock had a trading volume of 75,693 shares, compared to its average volume of 232,299. The firm has a market capitalization of $994.61 million, a price-to-earnings ratio of 166.44 and a beta of 0.95. The firm has a 50 day moving average price of $22.20 and a two-hundred day moving average price of $22.50. Radware Ltd. has a fifty-two week low of $17.01 and a fifty-two week high of $25.00.

Radware (NASDAQ:RDWR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.04. The company had revenue of $72.08 million for 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 firm's revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 EPS. As a group, research analysts anticipate that Radware Ltd. will post 0.28 earnings per share for the current year.

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.