Walleye Capital LLC Buys New Position in Radware Ltd. $RDWR

Key Points

• Walleye Capital LLC has made a new investment in Radware Ltd., acquiring 36,619 shares valued at approximately $792,000.
• Radware’s recent earnings report revealed an EPS of $0.28, exceeding estimates, with a revenue of $74.22 million, up 10.3% year-over-year.
• The stock currently has a Moderate Buy consensus rating from analysts, with a price target of $32.50.

Walleye Capital LLC purchased a new stake in Radware Ltd. (NASDAQ:RDWR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 36,619 shares of the information technology services provider's stock, valued at approximately $792,000. Walleye Capital LLC owned 0.09% of Radware at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of RDWR. Barclays PLC lifted its stake in Radware by 179.9% during the 4th quarter. Barclays PLC now owns 44,072 shares of the information technology services provider's stock valued at $992,000 after acquiring an additional 28,329 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Radware during the 4th quarter worth $422,000. Northern Trust Corp raised its stake in shares of Radware by 485.3% during the 4th quarter. Northern Trust Corp now owns 74,469 shares of the information technology services provider's stock worth $1,678,000 after purchasing an additional 61,745 shares during the period. Algert Global LLC raised its stake in shares of Radware by 27.2% during the 4th quarter. Algert Global LLC now owns 24,223 shares of the information technology services provider's stock worth $546,000 after purchasing an additional 5,180 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Radware during the 4th quarter worth $227,000. Institutional investors and hedge funds own 73.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on RDWR shares. Jefferies Financial Group lifted their target price on Radware from $25.00 to $30.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Barclays reiterated an "overweight" rating and set a $35.00 target price (up from $30.00) on shares of Radware in a research note on Thursday, July 31st. Wolfe Research started coverage on Radware in a research note on Tuesday, July 8th. They set an "outperform" rating on the stock. Finally, Wall Street Zen cut Radware from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 30th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Radware has an average rating of "Moderate Buy" and an average target price of $32.50.

Radware Price Performance

RDWR stock traded down $0.00 during mid-day trading on Thursday, reaching $24.82. 64,246 shares of the company traded hands, compared to its average volume of 206,347. The company has a market capitalization of $1.06 billion, a P/E ratio of 77.55 and a beta of 0.99. Radware Ltd. has a 52-week low of $18.46 and a 52-week high of $31.57. The company has a fifty day moving average price of $27.03 and a 200-day moving average price of $24.41.

Radware (NASDAQ:RDWR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The information technology services provider reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $73.42 million. During the same quarter in the previous year, the firm earned $0.20 EPS. The company's quarterly 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, analysts forecast that Radware Ltd. will post 0.28 EPS for the current year.

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.