SG Americas Securities LLC acquired a new position in Radware Ltd. (NASDAQ:RDWR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 98,362 shares of the information technology services provider's stock, valued at approximately $2,127,000. SG Americas Securities LLC owned 0.23% of Radware as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Covestor Ltd bought a new stake in Radware during the fourth quarter worth approximately $28,000. Plato Investment Management Ltd acquired a new position in shares of Radware during the 4th quarter valued at $30,000. New Age Alpha Advisors LLC bought a new stake in shares of Radware in the 4th quarter worth $32,000. Quantbot Technologies LP bought a new stake in shares of Radware in the 4th quarter worth $59,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Radware in the fourth quarter valued at $149,000. Institutional investors own 73.12% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group dropped their price target on shares of Radware from $26.00 to $24.00 and set a "hold" rating on the stock in a research report on Monday, March 31st.
View Our Latest Report on RDWR
Radware Price Performance
Shares of NASDAQ:RDWR traded up $0.56 on Wednesday, reaching $28.20. 252,441 shares of the company traded hands, compared to its average volume of 220,971. The stock has a market capitalization of $1.20 billion, a PE ratio of 104.24 and a beta of 0.93. The company's 50 day moving average is $23.20 and its 200-day moving average is $22.66. Radware Ltd. has a fifty-two week low of $17.01 and a fifty-two week high of $28.55.
Radware (NASDAQ:RDWR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 EPS for the quarter, beating the consensus estimate 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 revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 earnings per share. As a group, analysts expect that Radware Ltd. will post 0.28 EPS for the current year.
Radware Company Profile
(
Free Report)
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.
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