MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its position in Radware Ltd. (NASDAQ:RDWR - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,587,561 shares of the information technology services provider's stock after selling 269,055 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 3.78% of Radware worth $35,771,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc raised its holdings in Radware by 14.8% during the fourth quarter. Legal & General Group Plc now owns 2,235,702 shares of the information technology services provider's stock worth $50,370,000 after purchasing an additional 287,913 shares in the last quarter. Cooper Creek Partners Management LLC increased its stake in Radware by 264.3% in 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 during the period. First Trust Advisors LP boosted its position in shares of Radware by 2.4% during the 4th quarter. First Trust Advisors LP now owns 882,255 shares of the information technology services provider's stock worth $19,877,000 after purchasing an additional 20,658 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of 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 worth $16,395,000 after purchasing an additional 140,135 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Radware by 6.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 438,003 shares of the information technology services provider's stock worth $9,868,000 after purchasing an additional 27,804 shares in the last quarter. Institutional investors and hedge funds own 73.12% of the company's stock.
Radware Stock Performance
Shares of NASDAQ:RDWR traded up $0.12 during trading on Friday, reaching $23.80. 80,500 shares of the stock were exchanged, compared to its average volume of 235,863. Radware Ltd. has a 12-month low of $17.01 and a 12-month high of $25.00. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 170.01 and a beta of 0.95. The firm's 50-day moving average price is $22.01 and its 200 day moving average price is $22.45.
Radware (NASDAQ:RDWR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. Radware had a return on equity of 3.81% and a net margin of 2.20%. The business had revenue of $72.08 million during the quarter, compared to analysts' expectations of $70.56 million. During the same quarter in the previous year, the business earned $0.16 EPS. The company's revenue for the quarter was up 10.8% on a year-over-year basis. As a group, equities research analysts forecast that Radware Ltd. will post 0.28 EPS for the current year.
Wall Street Analysts Forecast Growth
RDWR has been the topic of several recent research reports. Jefferies Financial Group decreased their price objective on shares of Radware from $26.00 to $24.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Radware in a research note on Friday, February 14th.
Read Our Latest Stock Report on RDWR
Radware Company 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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