Envestnet Asset Management Inc. Increases Stake in Radware Ltd. (NASDAQ:RDWR)

Envestnet Asset Management Inc. lifted its stake in shares of Radware Ltd. (NASDAQ:RDWR - Free Report) by 424.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,904 shares of the information technology services provider's stock after purchasing an additional 42,009 shares during the quarter. Envestnet Asset Management Inc. owned 0.12% of Radware worth $1,169,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC increased its position in shares of Radware by 137.4% in the third quarter. Barclays PLC now owns 15,743 shares of the information technology services provider's stock worth $350,000 after purchasing an additional 9,112 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Radware by 14.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 328,979 shares of the information technology services provider's stock worth $7,330,000 after acquiring an additional 42,617 shares during the last quarter. Ellsworth Advisors LLC purchased a new position in Radware in the fourth quarter worth $632,000. Robeco Institutional Asset Management B.V. raised its position in Radware by 127.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 126,216 shares of the information technology services provider's stock valued at $2,844,000 after purchasing an additional 70,703 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Radware by 6.8% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 73.12% of the company's stock.

Radware Trading Down 0.2 %

Shares of RDWR stock traded down $0.04 during midday trading on Friday, reaching $23.42. 136,413 shares of the stock were exchanged, compared to its average volume of 238,923. Radware Ltd. has a 1 year low of $16.82 and a 1 year high of $25.00. The firm has a market cap of $999.73 million, a PE ratio of 167.30 and a beta of 0.95. The company's 50 day moving average is $21.80 and its two-hundred day moving average is $22.42.

Radware (NASDAQ:RDWR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The information technology services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.12). Radware had a return on equity of 3.81% and a net margin of 2.20%. As a group, equities analysts expect that Radware Ltd. will post 0.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Radware in a research note on Friday, February 14th. Jefferies Financial Group cut their price objective on shares of Radware from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Monday, March 31st.

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.