Rice Hall James & Associates LLC Sells 22,419 Shares of Radware Ltd. (NASDAQ:RDWR)

Rice Hall James & Associates LLC decreased its stake in Radware Ltd. (NASDAQ:RDWR - Free Report) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 859,715 shares of the information technology services provider's stock after selling 22,419 shares during the quarter. Radware accounts for about 1.1% of Rice Hall James & Associates LLC's portfolio, making the stock its 25th largest position. Rice Hall James & Associates LLC owned approximately 2.05% of Radware worth $18,587,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd acquired a new position in Radware in the fourth quarter valued at about $28,000. New Age Alpha Advisors LLC acquired a new position in Radware in the fourth quarter valued at about $32,000. Quantbot Technologies LP acquired a new position in Radware in the fourth quarter valued at about $59,000. KLP Kapitalforvaltning AS acquired a new position in Radware in the fourth quarter valued at about $149,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Radware during the fourth quarter worth about $214,000. Institutional investors and hedge funds own 73.12% of the company's stock.

Radware Trading Up 1.2%

Shares of NASDAQ RDWR traded up $0.35 during mid-day trading on Thursday, reaching $28.59. 262,320 shares of the company's stock were exchanged, compared to its average volume of 210,622. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 105.89 and a beta of 0.99. The business has a fifty day simple moving average of $26.27 and a 200 day simple moving average of $23.55. Radware Ltd. has a twelve month low of $17.36 and a twelve month high of $31.57.

Radware (NASDAQ:RDWR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The business 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 5.39% and a net margin of 4.12%. Radware's quarterly 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. Equities research analysts predict that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Jefferies Financial Group dropped their price target on Radware from $26.00 to $24.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. Wolfe Research assumed coverage on Radware in a research report on Tuesday, July 8th. They set an "outperform" rating on the stock. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $27.00.

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.