Squarepoint Ops LLC Takes $483,000 Position in Radware Ltd. (NASDAQ:RDWR)

Squarepoint Ops LLC purchased a new stake in Radware Ltd. (NASDAQ:RDWR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,453 shares of the information technology services provider's stock, valued at approximately $483,000. Squarepoint Ops LLC owned 0.05% of Radware at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Covestor Ltd acquired a new stake in Radware during the 4th quarter valued at approximately $28,000. Plato Investment Management Ltd bought a new stake in shares of Radware in the 4th quarter valued at $30,000. New Age Alpha Advisors LLC acquired a new stake in shares of Radware during the fourth quarter worth $32,000. Quantbot Technologies LP acquired a new stake in shares of Radware during the fourth quarter worth $59,000. Finally, KLP Kapitalforvaltning AS bought a new position in Radware during the fourth quarter worth $149,000. 73.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on RDWR shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Radware in a research report on Friday, February 14th. 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.

Radware Stock Performance

Shares of RDWR stock traded up $0.25 during trading hours on Friday, hitting $24.28. 107,690 shares of the company were exchanged, compared to its average volume of 224,054. The company has a 50 day simple moving average of $22.46 and a two-hundred day simple moving average of $22.56. The firm has a market cap of $1.04 billion, a P/E ratio of 173.44 and a beta of 0.93. 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 issued its earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. Radware had a net margin of 2.20% and a return on equity of 3.81%. The business had revenue of $72.08 million for the quarter, compared to analyst estimates of $70.56 million. During the same period in the prior year, the firm earned $0.16 earnings per share. Radware's revenue was up 10.8% on a year-over-year basis. As a group, sell-side analysts expect 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.