Two Sigma Advisers LP Grows Position in Radware Ltd. (NASDAQ:RDWR)

Two Sigma Advisers LP increased its stake in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 16.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 131,600 shares of the information technology services provider's stock after purchasing an additional 18,700 shares during the quarter. Two Sigma Advisers LP owned 0.31% of Radware worth $2,965,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cooper Creek Partners Management LLC increased its position in Radware by 264.3% during the fourth quarter. Cooper Creek Partners Management LLC now owns 956,764 shares of the information technology services provider's stock valued at $21,556,000 after acquiring an additional 694,112 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Radware by 14.8% in the 4th quarter. Legal & General Group Plc now owns 2,235,702 shares of the information technology services provider's stock worth $50,370,000 after acquiring an additional 287,913 shares during the last quarter. Man Group plc boosted 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 purchasing an additional 183,258 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Radware by 23.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 727,705 shares of the information technology services provider's stock valued at $16,395,000 after purchasing an additional 140,135 shares during the last quarter. Finally, Renaissance Group LLC purchased a new stake in Radware in the 4th quarter worth about $2,240,000. Hedge funds and other institutional investors own 73.12% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on RDWR. Jefferies Financial Group dropped their target price on Radware from $26.00 to $24.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Needham & Company LLC reissued a "hold" rating on shares of Radware in a research note on Friday, February 14th.

Radware Trading Down 0.8%

Shares of NASDAQ RDWR traded down $0.19 during mid-day trading on Friday, reaching $23.21. The company had a trading volume of 141,351 shares, compared to its average volume of 229,488. The business's 50-day moving average is $22.27 and its 200-day moving average is $22.53. The stock has a market cap of $990.77 million, a price-to-earnings ratio of 165.80 and a beta of 0.95. 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 issued its 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. 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 the consensus estimate of $70.56 million. During the same period in the prior year, the firm earned $0.16 EPS. The company's revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities research analysts forecast that Radware Ltd. will post 0.28 earnings per share for the current 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.