State of Wyoming Has $860,000 Position 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 lowered its stake in Radware Ltd. (NASDAQ:RDWR - Free Report) by 25.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,801 shares of the information technology services provider's stock after selling 13,272 shares during the quarter. State of Wyoming owned about 0.09% of Radware worth $860,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in RDWR. Nuveen LLC acquired a new stake in Radware in the first quarter valued at $4,213,000. Man Group plc grew its stake in shares of Radware by 506.9% in the fourth quarter. Man Group plc now owns 219,408 shares of the information technology services provider's stock valued at $4,943,000 after acquiring an additional 183,258 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Radware in the first quarter valued at about $2,127,000. Banque Cantonale Vaudoise acquired a new stake in Radware during the first quarter worth about $1,858,000. Finally, Millennium Management LLC grew its stake in 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 buying an additional 75,474 shares in the last quarter. Institutional investors own 73.12% of the company's stock.

Radware Stock Performance

Shares of RDWR stock traded down $0.65 during trading hours on Tuesday, hitting $24.59. 100,180 shares of the company were exchanged, compared to its average volume of 207,355. The firm has a market cap of $1.05 billion, a P/E ratio of 76.86 and a beta of 0.99. Radware Ltd. has a fifty-two week low of $18.46 and a fifty-two week high of $31.57. The company has a 50 day simple moving average of $27.18 and a two-hundred day simple moving average of $24.40.

Radware (NASDAQ:RDWR - Get Free Report) last announced 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. The company had revenue of $74.22 million during the quarter, compared to the consensus estimate of $73.42 million. Radware had a net margin of 4.90% and a return on equity of 6.11%. The company's quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. Radware has set its Q3 2025 guidance at 0.260-0.270 EPS. As a group, sell-side analysts expect that Radware Ltd. will post 0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

RDWR has been the topic of a number of research analyst reports. Wolfe Research initiated coverage on shares of Radware in a research note on Tuesday, July 8th. They issued an "outperform" rating on the stock. Wall Street Zen downgraded shares of Radware from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Barclays restated an "overweight" rating and issued a $35.00 price target (up previously from $30.00) on shares of Radware in a research report on Thursday, July 31st. Finally, Jefferies Financial Group boosted their price target on shares of Radware from $25.00 to $30.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average 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.