Radware Ltd. (NASDAQ:RDWR) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC reduced its position in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 859,715 shares of the information technology services provider's stock after selling 22,419 shares during the period. Radware accounts for about 1.1% of Rice Hall James & Associates LLC's investment portfolio, making the stock its 25th largest position. Rice Hall James & Associates LLC owned about 2.05% of Radware worth $18,587,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Radware by 18.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,941 shares of the information technology services provider's stock valued at $416,000 after buying an additional 2,960 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Radware by 34.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 83,660 shares of the information technology services provider's stock valued at $1,885,000 after acquiring an additional 21,252 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Radware by 424.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 51,904 shares of the information technology services provider's stock worth $1,169,000 after purchasing an additional 42,009 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Radware during the first quarter worth $2,127,000. Finally, Barclays PLC grew its position in shares of Radware by 179.9% in the fourth quarter. Barclays PLC now owns 44,072 shares of the information technology services provider's stock valued at $992,000 after purchasing an additional 28,329 shares during the period. 73.12% of the stock is currently owned by hedge funds and other institutional investors.

Radware Stock Performance

Radware stock traded down $0.15 during midday trading on Monday, reaching $28.14. The stock had a trading volume of 319,381 shares, compared to its average volume of 202,777. The stock's 50-day simple moving average is $25.82 and its 200 day simple moving average is $23.42. Radware Ltd. has a twelve month low of $17.36 and a twelve month high of $31.57. The stock has a market capitalization of $1.20 billion, a PE ratio of 104.23 and a beta of 0.99.

Radware (NASDAQ:RDWR - Get Free Report) last released its quarterly earnings data 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 business had revenue of $72.08 million for the quarter, compared to analyst estimates of $70.56 million. Radware had a return on equity of 5.39% and a net margin of 4.12%. The company's revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS. Equities analysts predict that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RDWR. Jefferies Financial Group decreased their price target on Radware from $26.00 to $24.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Wolfe Research initiated coverage on shares of Radware in a research report on Tuesday, July 8th. They set an "outperform" rating for the company. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

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.