Short Interest in Radware Ltd. (NASDAQ:RDWR) Increases By 20.9%

Radware Ltd. (NASDAQ:RDWR - Get Free Report) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 638,100 shares, an increase of 20.9% from the March 15th total of 527,900 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average trading volume of 240,300 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Trading of Radware

Several hedge funds have recently modified their holdings of RDWR. Advisor Group Holdings Inc. raised its holdings in shares of Radware by 53.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,208 shares of the information technology services provider's stock worth $40,000 after acquiring an additional 419 shares in the last quarter. FMR LLC increased its position in shares of Radware by 63.4% during the 1st quarter. FMR LLC now owns 3,168 shares of the information technology services provider's stock valued at $68,000 after purchasing an additional 1,229 shares during the last quarter. US Bancorp DE increased its position in shares of Radware by 72.0% during the 4th quarter. US Bancorp DE now owns 6,966 shares of the information technology services provider's stock valued at $116,000 after purchasing an additional 2,915 shares during the last quarter. Deutsche Bank AG bought a new position in shares of Radware during the 1st quarter valued at approximately $127,000. Finally, Legato Capital Management LLC bought a new position in shares of Radware during the 3rd quarter valued at approximately $175,000. 73.12% of the stock is owned by hedge funds and other institutional investors.

Radware Stock Down 1.1 %

NASDAQ RDWR traded down $0.18 during trading hours on Monday, reaching $16.45. The company's stock had a trading volume of 483,688 shares, compared to its average volume of 240,496. The firm's 50-day moving average price is $18.47 and its 200-day moving average price is $17.05. Radware has a 1 year low of $13.53 and a 1 year high of $22.84. The company has a market capitalization of $728.85 million, a price-to-earnings ratio of -32.90 and a beta of 0.95.

Radware (NASDAQ:RDWR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $65.03 million for the quarter, compared to analysts' expectations of $64.01 million. Radware had a negative return on equity of 2.88% and a negative net margin of 8.26%. The company's revenue for the quarter was down 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) EPS. Equities research analysts anticipate that Radware will post -0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RDWR shares. StockNews.com raised Radware from a "hold" rating to a "buy" rating in a report on Thursday, February 22nd. Barclays boosted their price target on Radware from $19.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, February 8th.

Radware Company 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.