First Trust Advisors LP grew its position in Radware Ltd. (NASDAQ:RDWR - Free Report) by 2.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 882,255 shares of the information technology services provider's stock after buying an additional 20,658 shares during the period. First Trust Advisors LP owned approximately 2.10% of Radware worth $19,877,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in RDWR. Covestor Ltd bought a new stake in Radware in the 4th quarter valued at $28,000. Plato Investment Management Ltd bought a new stake in shares of Radware in the fourth quarter valued at about $30,000. New Age Alpha Advisors LLC acquired a new position in shares of Radware during the fourth quarter worth about $32,000. Quantbot Technologies LP bought a new position in shares of Radware during the fourth quarter worth about $59,000. Finally, R Squared Ltd acquired a new stake in Radware in the 4th quarter valued at approximately $62,000. Institutional investors and hedge funds own 73.12% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on RDWR. Jefferies Financial Group decreased their price target on shares of Radware from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Needham & Company LLC reiterated a "hold" rating on shares of Radware in a report on Friday, February 14th.
Check Out Our Latest Research Report on Radware
Radware Price Performance
RDWR stock traded up $0.20 during midday trading on Friday, reaching $23.66. 37,009 shares of the company were exchanged, compared to its average volume of 238,019. The firm has a market capitalization of $993.60 million, a price-to-earnings ratio of 169.01 and a beta of 0.98. The business has a 50-day moving average price of $21.79 and a two-hundred day moving average price of $22.42. Radware Ltd. has a one year low of $16.55 and a one year high of $25.00.
Radware (NASDAQ:RDWR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.12). Radware had a return on equity of 3.81% and a net margin of 2.20%. As a group, analysts anticipate that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.
Radware Profile
(
Free Report)
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.
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