State of Wyoming Has $860,000 Holdings in Radware Ltd. $RDWR

Key Points

• The State of Wyoming has sold 13,272 shares of Radware Ltd., reducing its holdings by 25.0% to 39,801 shares, valued at approximately $860,000.
• Radware reported earnings of $0.28 EPS, which exceeded analysts' expectations of $0.26 EPS, alongside a quarterly revenue of $74.22 million.
• Wall Street analysts have expressed positive sentiment towards Radware, with Barclays raising its target price from $30.00 to $35.00 and an average price target of $32.50 from market analysts.

State of Wyoming decreased its stake in Radware Ltd. (NASDAQ:RDWR - Free Report) by 25.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,801 shares of the information technology services provider's stock after selling 13,272 shares during the period. State of Wyoming owned 0.09% of Radware worth $860,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Nuveen LLC bought a new position in Radware in the 1st quarter valued at about $4,213,000. Man Group plc raised its stake in shares of Radware by 506.9% in the 4th quarter. Man Group plc now owns 219,408 shares of the information technology services provider's stock worth $4,943,000 after buying an additional 183,258 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Radware during the first quarter worth $2,127,000. Banque Cantonale Vaudoise acquired a new stake in shares of Radware during the first quarter worth $1,858,000. Finally, Millennium Management LLC raised its position in shares of Radware by 14.0% during the fourth quarter. Millennium Management LLC now owns 613,795 shares of the information technology services provider's stock worth $13,829,000 after purchasing an additional 75,474 shares during the period. Institutional investors own 73.12% of the company's stock.

Radware Price Performance

Shares of RDWR stock traded up $0.09 during trading hours on Wednesday, reaching $24.68. The company had a trading volume of 30,921 shares, compared to its average volume of 206,765. The company has a 50 day moving average of $27.11 and a 200 day moving average of $24.40. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 77.24 and a beta of 0.99. Radware Ltd. has a 1-year low of $18.46 and a 1-year high of $31.57.

Radware (NASDAQ:RDWR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The information technology services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. Radware had a return on equity of 6.11% and a net margin of 4.90%.The business had revenue of $74.22 million for the quarter, compared to the consensus estimate of $73.42 million. During the same quarter last year, the business posted $0.20 EPS. The firm's revenue was up 10.3% compared to the same quarter last year. Radware has set its Q3 2025 guidance at 0.260-0.270 EPS. As a group, sell-side analysts forecast that Radware Ltd. will post 0.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on RDWR shares. Wall Street Zen downgraded Radware from a "strong-buy" rating to a "buy" rating in a report on Saturday. Jefferies Financial Group upped their price target on Radware from $25.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Barclays reiterated an "overweight" rating and issued a $35.00 price objective (up from $30.00) on shares of Radware in a research note on Thursday, July 31st. Finally, Wolfe Research assumed coverage on Radware in a research note on Tuesday, July 8th. They issued an "outperform" rating on the stock. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.50.

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.