MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 269,055 Shares of Radware Ltd. (NASDAQ:RDWR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its stake in Radware Ltd. (NASDAQ:RDWR - Free Report) by 14.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in RDWR. Invesco Ltd. boosted its stake in shares of Radware by 2.4% in the 4th quarter. Invesco Ltd. now owns 36,094 shares of the information technology services provider's stock worth $813,000 after buying an additional 855 shares during the last quarter. Geode Capital Management LLC boosted its position in Radware by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 79,686 shares of the information technology services provider's stock worth $1,795,000 after purchasing an additional 902 shares during the last quarter. Bank of Montreal Can boosted its position in Radware by 10.1% in the fourth quarter. Bank of Montreal Can now owns 11,007 shares of the information technology services provider's stock worth $248,000 after purchasing an additional 1,007 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Radware by 5.6% during the 4th quarter. Deutsche Bank AG now owns 19,689 shares of the information technology services provider's stock valued at $444,000 after purchasing an additional 1,040 shares during the period. Finally, Inceptionr LLC increased its position in shares of Radware by 8.6% during the 4th quarter. Inceptionr LLC now owns 14,737 shares of the information technology services provider's stock valued at $332,000 after purchasing an additional 1,161 shares during the last quarter. 73.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Jefferies Financial Group reduced their price objective on 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 restated a "hold" rating on shares of Radware in a research report on Friday, February 14th.

Radware Trading Down 0.5%

RDWR traded down $0.13 on Monday, hitting $23.68. 15,988 shares of the company's stock traded hands, compared to its average volume of 235,075. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 169.12 and a beta of 0.95. Radware Ltd. has a one year low of $17.01 and a one year high of $25.00. The company's 50 day simple moving average is $22.01 and its 200-day simple moving average is $22.45.

Radware (NASDAQ:RDWR - Get Free Report) last posted 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. The company had revenue of $72.08 million for the quarter, compared to the consensus estimate of $70.56 million. Radware had a return on equity of 3.81% and a net margin of 2.20%. The firm's revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 earnings per share. As a group, equities analysts anticipate that Radware Ltd. will post 0.28 EPS for the current fiscal 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.