Shares of Radware Ltd. (NASDAQ:RDWR - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.45 and traded as high as $30.17. Radware shares last traded at $29.57, with a volume of 396,410 shares.
Wall Street Analyst Weigh In
Separately, Needham & Company LLC restated a "hold" rating on shares of Radware in a report on Thursday, May 7th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Radware presently has a consensus rating of "Reduce" and a consensus price target of $25.00.
Get Our Latest Stock Report on Radware
Radware Stock Up 4.0%
The firm has a 50-day simple moving average of $28.91 and a 200 day simple moving average of $27.45. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 77.82 and a beta of 0.85.
Radware (NASDAQ:RDWR - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The information technology services provider reported $0.30 earnings per share for the quarter. The business had revenue of $82.28 million during the quarter. Radware had a return on equity of 7.47% and a net margin of 5.34%.
Insider Buying and Selling
In other Radware news, CFO Guy Avidan purchased 2,000 shares of Radware stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average price of $25.21 per share, for a total transaction of $50,420.00. Following the transaction, the chief financial officer directly owned 95,800 shares in the company, valued at $2,415,118. This trade represents a 2.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 21.58% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of RDWR. California State Teachers Retirement System increased its stake in Radware by 2,986.0% in the second quarter. California State Teachers Retirement System now owns 1,123,427 shares of the information technology services provider's stock valued at $36,404,000 after purchasing an additional 1,087,023 shares during the period. Morgan Stanley boosted its stake in shares of Radware by 28.9% during the fourth quarter. Morgan Stanley now owns 2,619,687 shares of the information technology services provider's stock worth $63,108,000 after buying an additional 588,064 shares during the period. Defiance ETFs LLC acquired a new stake in shares of Radware during the fourth quarter worth about $9,152,000. First Trust Advisors LP grew its holdings in shares of Radware by 28.7% during the fourth quarter. First Trust Advisors LP now owns 1,562,396 shares of the information technology services provider's stock worth $37,638,000 after buying an additional 348,824 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Radware by 908.4% during the fourth quarter. Deutsche Bank AG now owns 302,478 shares of the information technology services provider's stock worth $7,287,000 after buying an additional 272,481 shares during the last quarter. 73.12% of the stock is owned by hedge funds and other institutional investors.
About Radware
(
Get Free Report)
Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission‐critical applications. Its product portfolio includes on‐premises and cloud‐based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company's platforms use real‐time behavioral analysis, machine learning and automation to protect against distributed denial‐of‐service attacks, application layer threats and network intrusions.
Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.
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