Two Sigma Advisers LP Has $2.97 Million Holdings in Radware Ltd. (NASDAQ:RDWR)

Two Sigma Advisers LP increased its position in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 16.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,600 shares of the information technology services provider's stock after purchasing an additional 18,700 shares during the period. Two Sigma Advisers LP owned 0.31% of Radware worth $2,965,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RDWR. Point72 Asia Singapore Pte. Ltd. grew its position in Radware by 126.9% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,241 shares of the information technology services provider's stock valued at $253,000 after buying an additional 6,287 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Radware by 68.6% during the fourth quarter. Point72 Asset Management L.P. now owns 19,900 shares of the information technology services provider's stock worth $448,000 after purchasing an additional 8,100 shares in the last quarter. Man Group plc raised its stake in shares of Radware by 506.9% during 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 during the last quarter. Nuveen Asset Management LLC boosted its position in shares of Radware by 3.0% in the 4th quarter. Nuveen Asset Management LLC now owns 192,027 shares of the information technology services provider's stock worth $4,326,000 after buying an additional 5,572 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Radware by 14.0% in the 4th quarter. Millennium Management LLC now owns 613,795 shares of the information technology services provider's stock valued at $13,829,000 after acquiring an additional 75,474 shares during the last quarter. Institutional investors and hedge funds own 73.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Jefferies Financial Group cut their price target on Radware from $26.00 to $24.00 and set a "hold" rating for the company in a report on Monday, March 31st. Needham & Company LLC reiterated a "hold" rating on shares of Radware in a report on Friday, February 14th.

Radware Stock Down 0.8%

Shares of Radware stock traded down $0.19 on Friday, hitting $23.21. 141,351 shares of the company's stock traded hands, compared to its average volume of 230,258. The stock has a market cap of $990.77 million, a P/E ratio of 165.80 and a beta of 0.95. The firm's 50-day moving average is $22.27 and its 200 day moving average is $22.54. Radware Ltd. has a 52-week low of $17.01 and a 52-week high of $25.00.

Radware (NASDAQ:RDWR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 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 3.81% and a net margin of 2.20%. The company's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the firm earned $0.16 earnings per share. Equities research analysts forecast that Radware Ltd. will post 0.28 EPS for the current year.

Radware Company 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.