Robeco Institutional Asset Management B.V. Grows Stock Holdings in Radware Ltd. (NASDAQ:RDWR)

Robeco Institutional Asset Management B.V. raised its holdings in Radware Ltd. (NASDAQ:RDWR - Free Report) by 20.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 151,897 shares of the information technology services provider's stock after purchasing an additional 25,681 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.36% of Radware worth $3,284,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Covestor Ltd purchased a new position in shares of Radware during the fourth quarter worth about $28,000. Plato Investment Management Ltd purchased a new position in shares of Radware during the fourth quarter worth about $30,000. New Age Alpha Advisors LLC purchased a new position in shares of Radware during the fourth quarter worth about $32,000. Quantbot Technologies LP purchased a new position in shares of Radware during the fourth quarter worth about $59,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Radware during the fourth quarter worth about $149,000. Hedge funds and other institutional investors own 73.12% of the company's stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered their price target on Radware from $26.00 to $24.00 and set a "hold" rating on the stock in a report on Monday, March 31st.

Radware Price Performance

Shares of RDWR stock traded up $0.75 during trading hours on Friday, reaching $30.43. 263,920 shares of the company's stock were exchanged, compared to its average volume of 208,854. The company has a market cap of $1.30 billion, a P/E ratio of 112.69 and a beta of 0.99. The company's 50 day moving average is $25.19 and its two-hundred day moving average is $23.16. Radware Ltd. has a 1 year low of $17.36 and a 1 year high of $30.57.

Radware (NASDAQ:RDWR - Get Free Report) last issued its earnings results 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%. The company's revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 EPS. As a group, analysts predict that Radware Ltd. will post 0.28 EPS for the current fiscal 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.