Radware (NASDAQ:RDWR) Given New $30.00 Price Target at Jefferies Financial Group

Radware (NASDAQ:RDWR - Get Free Report) had its price objective hoisted by equities research analysts at Jefferies Financial Group from $25.00 to $30.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "hold" rating on the information technology services provider's stock. Jefferies Financial Group's price objective would indicate a potential upside of 5.23% from the stock's previous close.

Separately, Wolfe Research started coverage on Radware in a research note on Tuesday, July 8th. They set an "outperform" rating for the company. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $30.00.

Radware Stock Down 0.3%

Shares of NASDAQ RDWR traded down $0.08 during mid-day trading on Thursday, reaching $28.51. 179,139 shares of the company were exchanged, compared to its average volume of 278,721. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 105.60 and a beta of 0.99. Radware has a 1 year low of $18.28 and a 1 year high of $31.57. The firm has a 50-day moving average of $26.93 and a 200 day moving average of $23.85.

Radware (NASDAQ:RDWR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The firm had revenue of $72.08 million during the quarter, compared to analysts' expectations of $70.56 million. Radware had a return on equity of 5.39% and a net margin of 4.12%. The firm's quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 EPS. On average, equities analysts forecast that Radware will post 0.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RDWR. Cooper Creek Partners Management LLC increased its position in Radware by 264.3% during the 4th 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 buying an additional 694,112 shares in the last quarter. Legal & General Group Plc increased its position in Radware by 14.8% during the 4th quarter. Legal & General Group Plc now owns 2,235,702 shares of the information technology services provider's stock valued at $50,370,000 after buying an additional 287,913 shares in the last quarter. Nuveen LLC acquired a new position in Radware during the 1st quarter valued at about $4,213,000. Man Group plc increased its position in Radware by 506.9% during the 4th quarter. Man Group plc now owns 219,408 shares of the information technology services provider's stock valued at $4,943,000 after buying an additional 183,258 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Radware by 8.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,718,260 shares of the information technology services provider's stock valued at $37,154,000 after purchasing an additional 130,699 shares during the period. 73.12% of the stock is owned by institutional investors and hedge funds.

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.